CNO Financial Group, Inc. (CNO): A Perfect Mix Of Income And Growth Investment

The price of CNO Financial Group, Inc. (NYSE:CNO) stock ended December 26, 2019 trading at $18.35 which saw downtrend of 23.32% since the beginning of 2019. For most investors, the -0.49% rally in the share price could have prompted them to sell the stock, but doing that would be a mistake as it would be taking into consideration only the short-term performance of the stock.

A look at the CNO stock today shows that it has gained 24.07% of its value over the past one year, which has led to some investors becoming excited about the short-term performance of CNO Financial Group, Inc. (NYSE:CNO). If we turn to the stock analysts in general, they revealed that most of them are still bullish about the chances of the shares. The consensus rating from analysts for CNO Financial Group, Inc. (CNO) is 2.7 which is a ,neutral rating. Over the past week, the stock has been rated as a Buy 2 times while it has been rated as a Hold 3 times. The 52-week high price for CNO is $19.3 which is attained on December 17 while its 52-week low currently stands at $13.64 and was reached on August 28. At the moment, the stock is trading $1.8 above its YTD moving average set at $16.55.

In order to determine if the stock is worthy of your patience, you should know that CNO Financial Group, Inc. (NYSE:CNO) is now trading at 18.39X the earnings per share recorded over the past 12 months. This is an uptrend compared to the readings of the sector which is 17.2X while the industry average stands at 12.25X. The most popular way to value a stock is to look at its historic Price-to-Earnings (P/E) ratio with the help of its earnings report over the past 12 months. CNO Financial Group, Inc. was able to achieve an EPS of $1 during the last four quarters. The P/E ratio is widely known due to the fact that it is widely used, simple, effective, and, tautologically.

On Thursday, December 26 of 2019, the 14-day Absolute ATR (Average True Range) for CNO moved by $0.36. Over the past seven days, the stock’s average daily volatility stood at 1.56%. A stock with a low volatility is usually a good one as it means that investors are very confident in the stock. CNO Financial Group, Inc.’s trading volume has recently moved to 934.39 thousand, which is compared with the average daily volume of 1.15 million shares.

The daily chart for CNO, points out that the company has recorded 11.82% gains over the past six months. However, it is still 34.53% higher than its most recent low trading price. The performance of the stock over the past five days shows that it is down -2.65% though it is 0.64% above its three-week moving average. It is worthy to know that price action is not always clear. There are times when a stock will undergo some negatives, trade erratically within some range or even act very unpredictable. When that happens, then making use of moving averages makes the pattern clearer for traders. Comparing to 50-day SMA, the price of the stock has surged by 5.97% while it is up 11.83% against the 200-day SMA. This is usually seen as the last support line for a stock, as a move downward could signal a bearish trend or market. The daily chart of CNO reveals that it has gained some grounds as it ended Thursday with a 2.17% rise over the past 30 days.