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Wednesday, December 6, 2023

Taking On Challenges And Growing? – CNO Financial Group Inc (CNO)

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for CNO Financial Group Inc (CNO) shows that investor sentiment remained same, with the stock’s consolidated last price to $24.61. The CNO Financial Group Inc has recorded 56,874 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed CNO Financial Group Reports Third Quarter 2023 Results.

Stocks Info

As a NYSE listed company, CNO falls under the Financial sector while operating within the Insurance – Life industry segment. At the end of the last regular session, the stock closed at $24.61 and fluctuated between $25.12 as its day high and $24.28 as its day low. The current market capitalization of CNO Financial Group Inc is $2.78B. A total of 1.03 million shares were traded on the day, compared to an average of 623.69K shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, CNO has seen 0 BUY and 4 SELL insider trades, representing the acquisition of 0 and the disposition of 36,966 shares. Over the last 12 months, there were 47 BUYs and 60 SELLs from insiders. Insiders purchased 2,012,911 shares during that period but sold 702,520.

In the most recent transaction, Goldberg Scott L. sold 3,768 shares of CNO for 24.00 per share on Oct 09. After the transaction, the President, Consumer Division now owns 149,610 company shares. In a previous transaction on Sep 19, Bhojwani Gary C sold 20,833 shares at 24.00 per share. CNO shares that Chief Executive Officer owns now total 211,600.

Among the insiders who sold shares, Goldberg Scott L. disposed of 4,000 shares on Sep 19 at a per-share price of $24.00. This resulted in the President, Consumer Division holding 153,378 shares of CNO after the transaction. In another insider transaction, Bhojwani Gary C sold 21,739 shares at $23.00 per share on Sep 08. Company shares held by the Chief Executive Officer now total 232,433.


Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. CNO Financial Group Inc pays an annual dividend of $0.59, resulting in a dividend yield of 2.40%, and it has a price to earnings (P/E) ratio of 12.90. CNO’s most recent ex-dividend date was 9/7/2023 when it declared a $0.15 quarterly dividend that was paid in cash on 9/22/2023. Previously, the company paid the dividend on 6/23/2023 with an ex-dividend date of 6/8/2023. The CNO stock dividend was $0.15 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for CNO in the last 3 months, the mean price target is $25.60 with high estimates of $28.00 and low estimates of $24.00. In terms of 52-week highs and lows, CNO has a high of $26.35 and a low of $19.95.

As of this writing, CNO has an earnings estimate of $Inovio Pharmaceuticals, Inc. per share for the current quarter. EPS was calculated based on a consensus of Cano Health, Inc. estimates, with a high estimate of $Centene Corporation per share and a lower estimate of $Canadian Natural Resources Limi.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. CNO’s latest balance sheet shows that the firm has $24.91B in Cash & Short Term Investments as of fiscal 2021. Its Book Value Per Share was $17.56, while its Total Shareholder’s Equity was $5.26B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CNO is Buy with a score of 3.20.

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