No. 1: Automatic Data Processing Inc. (ADP), Buy: 2.29% of the portfolio - Total: 1,512,500 Shares
Automatic Data Processing, Inc. is one of the largest providers of computerized transaction processing, data communication, and information services in the world.. Automatic Data Processing Inc. has a market cap of $21.82 billion; its shares were traded at around $43.45 with a P/E ratio of 18.1 and P/S ratio of 2.5. The dividend yield of Automatic Data Processing Inc. stocks is 3%. Automatic Data Processing Inc. had an annual average earning growth of 4.1% over the past 10 years. GuruFocus rated Automatic Data Processing Inc. the business predictability rank of 2-star.
No. 2: Cardinal Health Inc. (CAH), Add: 2.76% of the portfolio - Total: 6,652,500 Shares
Cardinal Health, Inc. is one of the leading providers of products and services to healthcare providers and manufacturers. Cardinal Health Inc. has a market cap of $11.62 billion; its shares were traded at around $32.23 with a P/E ratio of 9.8 and P/S ratio of 0.1. The dividend yield of Cardinal Health Inc. stocks is 2.2%. Cardinal Health Inc. had an annual average earning growth of 10.7% over the past 10 years. GuruFocus rated Cardinal Health Inc. the business predictability rank of 3-star.
No. 3: Microsoft Corp. (MSFT), Add: 2.39% of the portfolio - Total: 3,400,000 Shares
Microsoft develops, manufactures, licenses, and supports a wide range of software products for a multitude of computing devices. Microsoft Corp. has a market cap of $262.58 billion; its shares were traded at around $29.41 with a P/E ratio of 18.2 and P/S ratio of 4.5. The dividend yield of Microsoft Corp. stocks is 1.8%. Microsoft Corp. had an annual average earning growth of 10% over the past 10 years. GuruFocus rated Microsoft Corp. the business predictability rank of 4-star.
No. 4: The Travelers Companies Inc. (TRV), Buy: 4.04% of the portfolio - Total: 2,132,272 Shares
St. Paul Travelers is a leading provider of commercial property-liability insurance and asset management services. Under the Travelers brand, the company is also a leading underwriter of homeowners and auto insurance through independent agents. The Travelers Companies Inc. has a market cap of $29.73 billion; its shares were traded at around $52.39 with a P/E ratio of 9.1 and P/S ratio of 1.2. The dividend yield of The Travelers Companies Inc. stocks is 2.3%. The Travelers Companies Inc. had an annual average earning growth of 55% over the past 5 years.
No. 5: VALIDUS HOLDINGS LTD (VR), Buy: 1.78% of the portfolio - Total: 1,789,766 Shares
Validus Holdings, Ltd is a global provider of short-tail lines of reinsurance including property catastrophe, property pro-rata and property per risk, marine and energy, and other specialty lines. Validus Holdings Ltd has a market cap of $2.03 billion; its shares were traded at around $26.5 with a P/E ratio of 5.7 and P/S ratio of 1.6. The dividend yield of Validus Holdings Ltd stocks is 3%.
Conclusion
Einhorn is also the Chairman of Greenlight Capital RE, Ltd, a Cayman Islands-based reinsurance company and one of its major shareholders. As of 2009, Einhorn beneficially owned 6.25 million shares of Greenlight RE. He probably knows a thing or two about insurance companies. Two of the top five purchases falls into that circle of competence.
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