, founder of Paulson & Co., is the legendary hedge fund
investor well-remembered for generating returns of up to 600% by
betting against mortgages in the 2008 market crash. In his
portfolio weighted towards EFTs, healthcare, communication
services and basic materials, Paulson & Co. list 86 stocks
with a total value of $16.27 billion as of Dec. 31, 2012. On
March 7, 2013, Paulson reduced his position as the largest
shareholder of CNO Financial Group Inc.
by 22.13%. After the trade he owns 16,751,527 shares, with a
current price of $11.58, and a change from average up 4%. The
current CNO share price is $11.52.
CNO Financial Group Inc. is a holding company for a group of
insurance companies operating throughout the U.S. The company's
main insurance subsidiaries are Bankers Life and Casualty
Company, Washington National Insurance Company and Colonial Penn
Life Insurance Company. The CNO mission is to serve retirement
age Americans for a more secure retirement.
CNO Financial Group Inc. has a market cap of $2.56 billion.
The company has a P/E ratio of 12.03, a P/B ratio of 0.51 and a
P/S ratio of 0.7485.
GuruFocus conducted a thorough financial and performance checkup
on CNO and found these warning signs: A low Altman Z-score of
0.17 shows a company in the distressed zone. CNO Financial Group
Inc. revenue has been in decline for the last five years, and the
company keeps issuing new debt, $614.5 million of debt over the
past three years. Other warnings signs are: The CNO price
($11.55) is close to 5-year high of $12.20. The CNO P/S Ratio
(0.7485) is close to a five-year high of 0.7485, and the company
had operating loss over the past three years.
A good sign is that the CNO stock dividend yield (0.69%) is close
to a one-year high of 0.66%.
According to Bloomberg, CNO has a history of outperforming
CNO's revenue per share annual growth:
data by GuruFocus.com
John Paulson's CNO holding history:
His top buys, top sells and top holdings as of fourth quarter
GuruFocus "Real Time Picks" reports the stock purchases and sales
that Gurus have made within the prior 2 weeks. The report time
lag can be as short as 2 days after the date of the transaction.
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