CNO Financial Group Inc [CNO] stock prices are up 1.99% to $28.19 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CNO shares have gain 3.75% over the last week, with a monthly amount glided 8.21%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
CNO Financial Group Inc [NYSE: CNO] stock has seen the most recent analyst activity on April 16, 2024, when Piper Sandler upgraded its rating to a Overweight but kept the price target unchanged to $29 for it. Previously, Evercore ISI downgraded its rating to Underperform on January 04, 2024, and elevated its price target to $26. RBC Capital Mkts started tracking the stock assigning a Outperform rating and suggested a price target of $25 on September 13, 2022. Jefferies initiated its recommendation with a Hold and recommended $25 as its price target on January 26, 2022. Piper Sandler downgraded its rating to Neutral for this stock on January 05, 2022, and downed its price target to $27. In a note dated September 10, 2021, Piper Sandler upgraded an Overweight rating on this stock and boosted its target price from $25 to $27.
The stock price of CNO Financial Group Inc [CNO] has been fluctuating between $20.78 and $28.39 over the past year. Currently, Wall Street analysts expect the stock to reach $28 within the next 12 months. CNO Financial Group Inc [NYSE: CNO] shares were valued at $28.19 at the most recent close of the market. An investor can expect a potential drop of -0.67% based on the average CNO price forecast.
Analyzing the CNO fundamentals
The CNO Financial Group Inc [NYSE:CNO] reported sales of 4.35B for trailing twelve months, representing a surge of 18.06%. Gross Profit Margin for this corporation currently stands at 0.76% with Operating Profit Margin at 0.13%, Pretax Profit Margin comes in at 0.12%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.18 and Total Capital is 0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.65.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 27.77 points at the first support level, and at 27.35 for the second support level. However, for the 1st resistance point, the stock is sitting at 28.48, and for the 2nd resistance point, it is at 28.77.
CNO Financial Group Inc [CNO] reported earnings per share of $0.52 for its fiscal quarter that ended on 3/31/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.65/share, meaning a difference of -$0.13 and a surprise factor of -20.00%. By comparison, the stated earnings for the previous quarter ended on 12/31/2023 were $1.18 per share as compared to estimates of $0.85 per share, a difference of $0.33 representing a surprise of 38.80%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 0.70, the price to book ratio is 1.29 and price to earnings (TTM) ratio is 8.22.
Transactions by insiders
Recent insider trading involved DeToro Karen, President, Worksite Division, that happened on Apr 09 ’24 when 2778.0 shares were sold. President, Worksite Division, DeToro Karen completed a deal on Apr 02 ’24 to sell 2666.0 shares. Meanwhile, Chief Executive Officer Bhojwani Gary C sold 20200.0 shares on Apr 01 ’24.
