Understanding the Risks of Investing in CNO Financial Group Inc. (CNO)


In a filing, CNO Financial Group Inc. revealed its Chief Marketing Officer TARASI ROCCO F III unloaded Company’s shares for reported $19125.0 on Jul 26. In the deal valued at $25.50 per share,750 shares were sold. As a result of this transaction, TARASI ROCCO F III now holds 75,968 shares worth roughly $ 1.81 million.

Top 5 EV Tech Stocks to Buy for 2023

The electric vehicle boom is accelerating – and fast. According a new report published by BloombergNEF, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. Like we said, the boom is accelerating – and the time to buy EV-related tech stocks is now. Get our free report, "Top 5 EV Tech Stocks to Buy for 2023".

Click Here to Download the FREE Report.


Then, TARASI ROCCO F III sold 750 shares, generating $18,750 in total proceeds. Upon selling the shares at $25.00, the Chief Marketing Officer now owns 76,718 shares.

Before that, TARASI ROCCO F III sold 2,000 shares. CNO Financial Group Inc. shares valued at $45,680 were divested by the Chief Marketing Officer at a price of $22.84 per share. As a result of the transaction, TARASI ROCCO F III now holds 77,468 shares, worth roughly $1.84 million.

Price Performance Review of CNO

On Friday, CNO Financial Group Inc. [NYSE:CNO] saw its stock jump 1.62% to $23.78. On the same session, the stock had its day’s lowest price of $23.555, but rose to a high of $23.90. Over the last five days, the stock has gained 2.81%. CNO Financial Group Inc. shares have risen nearly 4.07% since the year began. Nevertheless, the stocks have risen 29.17% over the past one year. While a 52-week high of $26.35 was reached on 02/23/23, a 52-week low of $17.48 was recorded on 05/04/23. SMA at 50 days reached $24.07, while 200 days put it at $23.26. A total of 0.34 million shares were traded, compared to the trading of 0.77 million shares in the previous session.

Levels Of Support And Resistance For CNO Stock

The 24-hour chart illustrates a support level at 23.59, which if violated will result in even more drops to 23.40. On the upside, there is a resistance level at 23.93. A further resistance level may holdings at 24.09. The Relative Strength Index (RSI) on the 14-day chart is 50.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 29.02%. Stochastics %K at 46.21% indicates the stock is a holding.

How much short interest is there in CNO Financial Group Inc.?

A steep rise in short interest was recorded in CNO Financial Group Inc. stocks on Aug 14, 2023, growing by 0.45 million shares to a total of 2.86 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 2.41 million shares. There was a rise of 15.73%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.50% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.62.

CNO Financial Group Inc. [CNO] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 13,984,348 shares, or roughly 12.21% of the outstanding CNO shares. In other words, the investor’s shares have fallen by -154,534 from its previous 13-F filing of 14138882.0. Additionally, BlackRock Fund Advisors decreased -0.02% of its stake after which the total value it holdings stand at $336,680,947, while Pzena Investment Management LLC reduced -2.78% of its stake to hold $187.41 million in the firm. Over the last quarter, Fuller & Thaler Asset Management, sold -2,842 shares of CNO Financial Group Inc., while LSV Asset Management sold 70,500 shares. At present, SSgA Funds Management, Inc. is holding 4,556,409 shares valued at $117.19 million. Franklin Mutual Advisers LLC owned 4,331,037 shares of the company at the time of its most recent 13F filing, worth $111.39 million.

According to FactSet, CNO Financial Group Inc.’s share price will average $25.50 in the next year, based on opinions of analysts polled by the firm. This is up nearly 8.97 percent from its previous closing price of $23.40. Analysts expect CNO Financial Group Inc. stock to reach the higher price of $29.00, while the lowest price estimate is $23.00. However, 7 analysts have rated CNO stock as a Hold in their predictions for 2023.


Please enter your comment!
Please enter your name here