CNO Financial Group (NYSE:CNO) has tumbled 2.67% during the past week and has dropped 5.15% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 1.5%. CNO Financial Group (NYSE:CNO) has underperformed the index by 6.02% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
CNO Financial Group (NYSE:CNO): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $18.57 and $18.50 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $18.77. The buying momentum continued till the end and the stock did not give up its gains. It closed at $18.60, notching a gain of 0.27% for the day. The total traded volume was 1,823,020 . The stock had closed at $18.55 on the previous day.
The company shares have dropped -3.43% from its 1 Year high price. On Dec 2, 2015, the shares registered one year high at $20.88 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $19.28 and the 200 Day Moving Average price is recorded at $18.32.
On the companys insider trading activities,The officer (SVP & Chief Acctg Officer) of Cno Financial Group, Inc., Kline John R sold 25,000 shares at $20.15 on May 26, 2016. The Insider selling transaction had a total value worth of $503,750. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Currently the company Insiders own 2.2% of CNO Financial Group shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -10.16% . During last six month period, the net percent change held by insiders has seen a change of -10.16%.
CNO Financial Group, Inc. is a holding company for a group of insurance companies operating throughout the United States that develop, market and administer health insurance, annuity, individual life insurance and other insurance products. The Company manages its business through three operating segments: Bankers Life, Washington National and Colonial Penn. Bankers Life markets and distributes Medicare supplement insurance, interest-sensitive life insurance, traditional life insurance, fixed annuities and long-term care insurance products. Washington National markets and distributes supplemental health, including specified disease, accident and hospital indemnity insurance products, and life insurance. Colonial Penn markets primarily graded benefit and simplified issue life insurance.