Stock Price Prediction

Analysis and Insights

News Sentiment and Fundamental Analysis:

1. Positive Analyst Sentiment: Piper Sandler has raised the price target for CNO Financial from $44 to $46, maintaining an Overweight rating. This reflects confidence in the company's strong quarterly results and projected ROE improvement.

2. Strong Financial Performance: CNO reported a record year in 2024 with a 28% increase in operating earnings per diluted share. The company also plans to enhance its technology through a $170 million modernization initiative, signaling long-term growth potential.

3. Insider Activity: There has been significant insider selling, with the General Counsel selling 40,800 shares. However, institutional investors have shown mixed sentiment, with 146 increasing their positions and 166 reducing theirs.

Technical Analysis:

• Current Price: $38.44 (as of 2025-03-10).
• RSI: 34.37 (RSI 6), 43.09 (RSI 12), 44.80 (RSI 14), indicating the stock is in a bearish trend but approaching oversold territory.
• MACD: 0.19 (MACD), -0.23 (Signal Line), suggesting a potential bullish crossover.
• Bollinger Bands: The stock is near the lower band, indicating potential undervaluation.
• Fibonacci Levels: Pivot at $40.57, resistance at $41.99 and $42.87, support at $39.14 and $38.26.

Price Prediction and Recommendation:

Based on the positive analyst sentiment, strong financial performance, and potential bullish technical indicators, the stock is expected to move upwards next week. The target price is $42.00, with a stop-loss at $38.26.

Recommendation: Buy CNO with a target price of $42.00.