Piper Sandler raised the price target for the CNO Financial Group Inc. (NYSE:CNO) stock from “an Overweight” to “a Neutral”. The rating was released on March 31, 2021. We previously noted in another research note published on September 01, 2020 by Piper Sandler that upgraded the stock from a Neutral to an Overweight with a price target of $19 for CNO stock. The research report from Goldman has upgraded the stock from Neutral to Buy, with a price target set at $19. The stock was upgraded by B. Riley FBR, who disclosed in a research note on May 29, 2020, from Neutral to Buy and set the price objective to $20. In their research brief published May 20, 2020, Piper Sandler analysts initiated the CNO Financial Group Inc. stock to Neutral with a price target of $14.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of CNO Financial Group Inc. (NYSE:CNO) raised 4.13% to close Friday’s market session at $23.45, higher as compared to yesterday’s close. The stock price fluctuated between $23.02 and $23.52 throughout the trading session with the volume trading being 712432 shares, which represented a significant variation when compared to the three months average volume of 993.91K shares. The firm’s stock price fluctuated -1.51% within the last five trades and -7.06% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 1.12% in the last 6 months and -7.09% was subtracted to its value over the previous 3 months. CNO stock is trading at a margin of -1.17%, -7.72% and 2.11% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, CNO deals in the Financial domain. The stock is trading -15.92 percent below its 52-week high and 67.02 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 38.12. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does CNO Financial Group Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 17.30 percent and the profit margin is 11.60 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $3.09 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for CNO Financial Group Inc. (NYSE:CNO) is 6.99. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 10.68. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 0.76 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 0.65, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Bhojwani Gary C, the Chief Executive Officer at CNO Financial Group Inc. (CNO) has sold 35,433 shares of firm on May 12 at a price of $26.89 against the total amount of $0.95 million. In another inside trade, Bhojwani Gary C, Chief Executive Officer of CNO Financial Group Inc. (NYSE:CNO) sold 55,167 shares of the firm on May 11 for a total worth of $1.49 million at a price of $27.02. An inside trade which took place on Mar 17, Director of CNO Financial Group Inc. Jacklin Charles J. sold 7,474 shares of firm against total price of $0.19 million at the cost of $25.91 per share.