Published on 12 Jan 2022 on Insider Monkey via Yahoo Finance

Hedge Fund Sentiment Is Stagnant On CNO Financial Group Inc (CNO)

We know that hedge funds generate strong, risk-adjusted returns over the long run, therefore imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, smart money investors have to conduct complex analyses, spend many resources and use tools that are not always available for the general crowd. This doesn't mean that they don't have occasional colossal losses; they do (like Melvin Capital's recent GameStop losses). However, it is still a good idea to keep an eye on hedge fund activity. With this in mind, as the current round of 13F filings has just ended, let’s examine the smart money sentiment towards CNO Financial Group Inc (NYSE:CNO).

CNO Financial Group Inc (NYSE:CNO) shares haven't seen a lot of action during the second quarter. Overall, hedge fund sentiment was unchanged. The stock was in 21 hedge funds' portfolios at the end of the third quarter of 2021. Our calculations also showed that CNO isn't among the 30 most popular stocks among hedge funds (click for Q2 rankings). At the end of this article we will also compare CNO to other stocks including Werner Enterprises, Inc. (NASDAQ:WERN), Lions Gate Entertainment Corporation (NYSE:LGF-B), and Axonics, Inc. (NASDAQ:AXNX) to get a better sense of its popularity.

At Insider Monkey, we scour multiple sources to uncover the next great investment idea. For example, lithium prices have more than doubled over the past year, so we go through lists like the 10 best EV stocks to pick the next Tesla that will deliver a 10x return. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. With all of this in mind we're going to take a look at the new hedge fund action surrounding CNO Financial Group Inc (NYSE:CNO).