Were Hedge Funds Right About CNO Financial Group Inc (CNO)?
In this article we will take a look at whether hedge funds think CNO Financial Group Inc (NYSE:CNO) is a good investment right now. We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, unconventional data sources, expert networks, and get tips from investment bankers and industry insiders. Sure they sometimes fail miserably, but their consensus stock picks historically outperformed the market after adjusting for known risk factors.
Is
CNO Financial Group Inc (NYSE:CNO) a bargain? The smart money was in an optimistic mood. The number of long hedge fund positions improved by 1 in recent months. CNO Financial Group Inc (NYSE:CNO) was in 18 hedge funds’ portfolios at the end of the first quarter of 2021. The all time high for this statistic is 23. Our calculations also showed that CNO isn’t among the 30 most popular stocks among hedge funds (click for Q1 rankings). There were 17 hedge funds in our database with CNO positions at the end of the fourth quarter.