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Diamond Hill Capital’s High-Impact Sells

October 29, 2013 | About:
Sally Jones

Sally Jones

49 followers
The updated portfolio of Diamond Hill Capital lists 148 stocks, seven of them new, a total value at $9.93 billion, and a quarter-over-quarter turnover of 6%. The portfolio is weighted with top three sectors: financial services at 23.8%, technology at 15.5% and health care at 13.1%.

Diamond Hill Capital Management has averaged a return of 24.05% over 12 months and 10.8% over 10 years, according to the GuruFocus Score Board of Gurus.

Diamond Hill Capital’s top three high-impact reductions made in the third quarter of 2013 include:

Hartford Financial Services Group Inc. (HIG): Reduced

Portfolio Impact: -1.15%

Up 56% over 12 months, Hartford Financial Services Group Inc. has a market cap of $15.43 billion; its shares were traded at around $33.90 with a P/B ratio of 0.80. The dividend yield is 1.30%.

Hartford Financial Services Group Inc. is an insurance and financial services company that provides investment products, individual life, group life and group disability insurance products, and property and casualty insurance products in the U.S.

Guru Action: As of Sept. 30, 2013, Diamond Hill Capital Diamond Hill reduced its position by 88.68%, selling 3,441,681 shares at an average price of $31.22, for a gain of 8.6%.

Over a five-year history of remarkable gains, Diamond Hill has averaged a gain of 75% buying 11,643,746 shares at an average price of $19.42 per share.

The firm has averaged a gain of 15% selling 11,223,570 shares at an average price of $29.39 per share.

Current shares are 439,226.

Check out the numerous gurus holding HIG, and the seven gurus making new buys in the second quarter of 2013. There is no recent insider trading.

Track historical pricing, revenue and net income:

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Charles Schwab Corp. (SCHW): Reduced

Portfolio Impact: -0.92%

Up 69% over 12 months, Charles Schwab Corp. has a market cap of $29.57 billion; its shares were traded at around $23.01 with a P/E ratio of 34.50. The dividend yield is 1.00%.

Incorporated in 1986, Charles Schwab Corp. is engaged in securities brokerage, banking and related financial services. The company provides financial services to individuals and institutional clients through two segments, Investor Services and Institutional Services. The Investor Services segment provides retail brokerage and banking services to individual investors. The Institutional Services segment provides custodial, trading, and support services to independent investment advisors.

Guru Action: As of Sept. 30, 2013, Diamond Hill Capital Diamond Hill reduced its position by 70.74%, selling 4,061,592 shares at an average price of $21.74, for a gain of 5.8%.

Diamond Hill has averaged a gain of 74% buying 8,686,336 shares at an average price of $13.21 per share.

The firm has averaged a gain of 14% selling 7,006,165 shares at an average price of $20.21 per share.

Current shares are 1,680,171.

Check out numerous gurus holding SCHW and active insider selling.

Track historical pricing, revenue and net income:

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Progressive Corporation (PGR): Reduced

Portfolio Impact: -0.29%

Up 18% over 12 months, Progressive Corporation has a market cap of $15.75 billion; its shares were traded at around $26.24 with a P/E ratio of 13.70. The dividend yield is 1.10%.

Formed in 1965, Progressive Corporation has 54 subsidiaries, one mutual insurance company affiliate and one limited partnership investment affiliate. The company offers a number of personal and commercial property-casualty insurance products mainly related to motor vehicles. The company's insurance subsidiaries and affiliate provide personal and commercial automobile insurance and other specialty property-casualty insurance and related services throughout the U.S.

Guru Action: As of Sept. 30, 2013, Diamond Hill Capital Diamond Hill reduced its position by 22.11%, selling 1,076,299 shares at an average price of $25.93, for a gain of 1.2%.

Over five quarters, Diamond Hill has averaged a gain of 16% buying 5,439,434 shares at an average price of $22.68 per share.

The firm has averaged a gain of 2% selling 1,647,266 shares at an average price of $25.70 per share.

Current shares are 3,792,168.

Check out 10 gurus holding PGR and recent insider trading

Track historical pricing, revenue and net income:

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Be sure to read the complete portfolio of Diamond Hill Capital.



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About the author:

Sally Jones
Sally Jones writes about Real Time Picks. She says, "I truly enjoy watching the Gurus in realtime and telling their story."

Rating: 4.5/5 (2 votes)

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