Is CNO Financial Group Inc (NYSE:CNO) a good investment?
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What’s more, let’s discuss the recent info about CNO Financial Group Inc (NYSE:CNO).
What have hedge funds been doing with CNO Financial Group Inc (NYSE:CNO)?
Heading into Q3, a total of 19 of the hedge funds we track held long positions in this stock, a change of -5% from the previous quarter. With hedgies’ sentiment swirling, there exists an “upper tier” of noteworthy hedge fund managers who were increasing their holdings significantly.
Due to the fact CNO Financial Group Inc (NYSE:CNO) has faced declining interest from the entirety of the hedge funds we track, it’s safe to say that there was a specific group of funds who sold off their entire stakes at the end of the second quarter. It’s worth mentioning that Fred Knoll’s Knoll Capital Management dropped the biggest investment of the “upper crust” of funds we watch, comprising an estimated $3.4 million in stock. Steven Cohen’s fund, SAC Capital Advisors, also sold off its stock, about $0.6 million worth. These moves are important to note, as total hedge fund interest fell by 1 funds at the end of the second quarter.
Insider trading activity in CNO Financial Group Inc (NYSE:CNO)
Legal insider trading, particularly when it’s bullish, is best served when the company we’re looking at has experienced transactions within the past six months. Over the latest 180-day time period, CNO Financial Group Inc (NYSE:CNO) has seen zero unique insiders buying, and zero insider sales (see the details of insider trades here).
We’ll check out the relationship between both of these indicators in other stocks similar to CNO Financial Group Inc (NYSE:CNO). These stocks are Triple-S Management Corp.(NYSE:GTS), PICO Holdings Inc (NASDAQ:PICO), Unum Group (NYSE:UNM), Assurant, Inc. (NYSE:AIZ), and StanCorp Financial Group, Inc. (NYSE:SFG). This group of stocks are the members of the accident & health insurance industry and their market caps match CNO’s market cap.
