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Trade-Ideas LLC identified

CNO Financial Group



) as a strong on high relative volume candidate. In addition to specific proprietary factors, Trade-Ideas identified CNO Financial Group as such a stock due to the following factors:

  • CNO has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $33.1 million.
  • CNO has traded 112,711 shares today.
  • CNO is trading at 2.28 times the normal volume for the stock at this time of day.
  • CNO is trading at a new high 3.04% above yesterday's close.

'Strong on High Relative Volume' stocks are worth watching because major volume moves tend to indicate underlying activity such as M&A events, material stock news, analyst upgrades, insider buying, buying from 'superinvestors,' or that hedge funds and momentum traders are piling into a stock ahead of a catalyst. Regardless of the impetus behind the price and volume action, when a stock moves with strength and volume it can indicate the start of a new trend on which early investors can capitalize. In the event of a well-timed trading opportunity, combining technical indicators with fundamental trends and a disciplined trading methodology should help you take the first steps towards investment success.

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More details on CNO:

TheStreet Recommends

CNO Financial Group, Inc., through its subsidiaries, develops, markets, and administers health insurance, annuity, individual life insurance, and other insurance products for senior and middle-income markets in the United States. The stock currently has a dividend yield of 1.8%. CNO has a PE ratio of 15. Currently there are 2 analysts that rate CNO Financial Group a buy, no analysts rate it a sell, and 3 rate it a hold.

The average volume for CNO Financial Group has been 1.6 million shares per day over the past 30 days. CNO Financial Group has a market cap of $2.9 billion and is part of the financial sector and insurance industry. The stock has a beta of 1.02 and a short float of 5.5% with 5.03 days to cover. Shares are down 20.7% year-to-date as of the close of trading on Thursday.

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TheStreet Quant Ratings

rates CNO Financial Group as a


. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, attractive valuation levels, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself.

Highlights from the ratings report include:

  • CNO FINANCIAL GROUP INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past year. We feel that this trend should continue. During the past fiscal year, CNO FINANCIAL GROUP INC increased its bottom line by earning $1.41 versus $0.27 in the prior year. This year, the market expects an improvement in earnings ($1.50 versus $1.41).
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Insurance industry. The net income increased by 63.6% when compared to the same quarter one year prior, rising from $83.90 million to $137.30 million.
  • Despite the weak revenue results, CNO has outperformed against the industry average of 17.1%. Since the same quarter one year prior, revenues slightly dropped by 3.0%. The declining revenue has not hurt the company's bottom line, with increasing earnings per share.
  • CNO's debt-to-equity ratio of 1.00 is somewhat low overall, but it is high when compared to the industry average, implying that the management of the debt levels should be evaluated further.

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