Here Is What Hedge Funds Think About CNO Financial Group Inc (CNO)

As one would reasonably expect, specific money managers have jumped into CNO Financial Group Inc (NYSE:CNO) headfirst. D. E. Shaw’s D E Shaw, created the most valuable position in CNO Financial Group Inc (NYSE:CNO). D E Shaw had $4.6 million invested in the company at the end of the quarter. Paul Marshall and Ian Wace’s Marshall Wace LLP also initiated a $3.5 million position during the quarter. The other funds with brand new CNO positions are John Overdeck and David Siegel’s Two Sigma Advisors, Dmitry Balyasny’s Balyasny Asset Management, and John Fichthorn’s Dialectic Capital Management.

Let’s check out hedge fund activity in other stocks similar to CNO Financial Group Inc (NYSE:CNO). These stocks are Piedmont Office Realty Trust, Inc. (NYSE:PDM), Sibanye Gold Ltd (ADR) (NYSE:SBGL), Silgan Holdings Inc. (NASDAQ:SLGN), and Webster Financial Corporation (NYSE:WBS). This group of stocks’ market valuations resemble CNO’s market valuation.

As you can see these stocks had an average of 10 hedge funds with bullish positions and the average amount invested in these stocks was $151 million. That figure was $206 million in CNO’s case. Webster Financial Corporation (NYSE:WBS) is the most popular stock in this table. On the other hand Sibanye Gold Ltd (ADR) (NYSE:SBGL) is the least popular one with only 8 bullish hedge fund positions. Compared to these stocks CNO Financial Group Inc (NYSE:CNO) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

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