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31.46 (1y: +21%)
Market Cap 2.48 B P/E(ttm) 13.20
Enterprise Value 951.04 M P/B 1.60
HNT- NYSE (USA)
Health Net Inc
  • Currently 1/5
Business Predictability Rank: 1-Star (On Watch)
Back Testing Results:
Average gain of all 1-Star stocks: 1.1% per year.
% of Stocks that are in still loss if held for 10yrs: 45%.
Read more:
What is Predictability Rank?
Performances of real portfolio
Top Ranked Predictable Companies
$31.46
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GuruFocus Financial Strength Rank measures how strong a companyÂ’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 9/10

vs
industry		 vs
history
Cash to Debt 4.313
HNT's Cash to Debt is ranked higher than
59% of the 17 Companies
in the Global Health Care Plans industry.

( Industry Median: 1.88 vs. HNT: 4.313 )
HNT' s 10-Year Cash to Debt Range
Min: 1.41   Max: 7.07
Current: 4.31
1.41
7.07
Equity to Asset 0.248
HNT's Equity to Asset is ranked higher than
53% of the 17 Companies
in the Global Health Care Plans industry.

( Industry Median: 0.20 vs. HNT: 0.248 )
HNT' s 10-Year Equity to Asset Range
Min: -0.01   Max: 0.26
Current: 0.25
-0.01
0.26
Interest Coverage No Debt
HNT's Interest Coverage is ranked higher than
88% of the 17 Companies
in the Global Health Care Plans industry.

( Industry Median: 265.90 vs. HNT: No Debt )
HNT' s 10-Year Interest Coverage Range
Min: 3   Max: No Debt
Current: No Debt
F-Score: 5
Z-Score: 4.95
M-Score: -2.25
GuruFocus Profitability Rank ranks how profitable a company is and how likely the companyÂ’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 5/10

vs
industry		 vs
history
Operating margin (%) 0.30
HNT's Operating margin (%) is ranked lower than
76% of the 17 Companies
in the Global Health Care Plans industry.

( Industry Median: 4.00 vs. HNT: 0.30 )
HNT' s 10-Year Operating margin (%) Range
Min: -0.2   Max: 5
Current: 0.3
-0.2
5
Net-margin (%) 1.1
HNT's Net-margin (%) is ranked lower than
71% of the 17 Companies
in the Global Health Care Plans industry.

( Industry Median: 2.10 vs. HNT: 1.1 )
HNT' s 10-Year Net-margin (%) Range
Min: -0.3   Max: 2.6
Current: 1.1
-0.3
2.6
ROE (%) 7.8
HNT's ROE (%) is ranked lower than
71% of the 17 Companies
in the Global Health Care Plans industry.

( Industry Median: 9.20 vs. HNT: 7.8 )
HNT' s 10-Year ROE (%) Range
Min: -2.9   Max: 18.5
Current: 7.8
-2.9
18.5
ROA (%) 3.1
HNT's ROA (%) is ranked lower than
65% of the 17 Companies
in the Global Health Care Plans industry.

( Industry Median: 2.80 vs. HNT: 3.1 )
HNT' s 10-Year ROA (%) Range
Min: -1.1   Max: 7.7
Current: 3.1
-1.1
7.7
Revenue Growth (%) -2.7
HNT's Revenue Growth (%) is ranked lower than
65% of the 17 Companies
in the Global Health Care Plans industry.

( Industry Median: 7.35 vs. HNT: -2.7 )
HNT' s 10-Year Revenue Growth (%) Range
Min: -2.7   Max: 8.5
Current: -2.7
-2.7
8.5
EBITDA Growth (%) 29.5
HNT's EBITDA Growth (%) is ranked lower than
59% of the 17 Companies
in the Global Health Care Plans industry.

( Industry Median: 14.00 vs. HNT: 29.5 )
HNT' s 10-Year EBITDA Growth (%) Range
Min: -51   Max: 31.4
Current: 29.5
-51
31.4
» HNT's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades
Q2 2012

HNT Guru Trades in Q2 2012

First Pacific Advisors 508,000 sh (New)
Jim Simons 536,500 sh (New)
Jeremy Grantham 18,400 sh (+135.9%)
Jean-Marie Eveillard 1,518,760 sh (+1.31%)
Chuck Royce Sold Out
Joel Greenblatt Sold Out
Vanguard Health Care Fund 3,663,458 sh (-2.66%)
Richard Snow 1,639,003 sh (-7.1%)
Paul Tudor Jones 10,800 sh (-89.71%)
Steven Cohen 58,636 sh (-92.32%)
» More
Q3 2012

HNT Guru Trades in Q3 2012

RS Investment Management 898,100 sh (New)
Joel Greenblatt 128,344 sh (New)
Steven Cohen 731,127 sh (+1146.89%)
First Pacific Advisors 1,977,300 sh (+289.23%)
Vanguard Health Care Fund 3,863,458 sh (+5.46%)
Paul Tudor Jones Sold Out
Jean-Marie Eveillard 1,214,960 sh (-20%)
Jeremy Grantham 14,700 sh (-20.11%)
Jim Simons 398,500 sh (-25.72%)
Richard Snow 41,956 sh (-97.44%)
» More
Q4 2012

HNT Guru Trades in Q4 2012

Jim Simons 976,100 sh (+144.94%)
Steven Cohen 1,437,555 sh (+96.62%)
First Pacific Advisors 2,818,700 sh (+42.55%)
Richard Snow 58,976 sh (+40.57%)
Jean-Marie Eveillard 1,287,370 sh (+5.96%)
Vanguard Health Care Fund 3,863,458 sh (unchged)
Joel Greenblatt Sold Out
RS Investment Management 645,623 sh (-28.11%)
» More
Q1 2013

HNT Guru Trades in Q1 2013

Steven Cohen 2,247,755 sh (+56.36%)
Richard Snow 81,551 sh (+38.28%)
Jean-Marie Eveillard 1,428,900 sh (+10.99%)
RS Investment Management 656,653 sh (+1.71%)
First Pacific Advisors 2,818,700 sh (unchged)
Vanguard Health Care Fund 3,506,058 sh (-9.25%)
Jim Simons 540,500 sh (-44.63%)
» More
» Details

Insider Trades

Latest Guru Trades with HNT

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Joel Greenblatt 2012-12-31 Sold Out 0.19%$21.26 - $25.85 $ 31.0529%0
Joel Greenblatt 2012-09-30 New Buy0.19%$17.97 - $26.89 $ 31.0534%128344
Joel Greenblatt 2012-06-30 Sold Out 0.03%$24.24 - $40.51 $ 31.054%0
Vanguard Health Care Fund 2012-03-31 Reduce -20.16%0.15%$30.82 - $40 $ 31.05-11%3763458
Joel Greenblatt 2012-03-31 Reduce -29.71%0.01%$30.82 - $40 $ 31.05-11%7581
Daniel Loeb 2011-09-30 Sold Out 3.3302%$21.07 - $32.38 $ 31.0519%0
Joel Greenblatt 2011-09-30 New Buy0.04%$21.07 - $32.38 $ 31.0519%9692
George Soros 2011-09-30 Sold Out 0.0031%$21.07 - $32.38 $ 31.0519%0
George Soros 2011-06-30 Reduce -59.52%0.01%$29.48 - $33.75 $ 31.05-2%6800
Jean-Marie Eveillard 2011-03-31 Add 36.94%0.05%$27.14 - $32.82 $ 31.054%1221500
George Soros 2011-03-31 Reduce -53.07%0.01%$27.14 - $32.82 $ 31.054%16800
Jean-Marie Eveillard 2010-12-31 Add 32.53%0.03%$25.04 - $29.35 $ 31.0514%892000
Jean-Marie Eveillard 2010-09-30 Add 39.34%0.03%$23.48 - $27.64 $ 31.0523%673030
George Soros 2010-09-30 Reduce -48.51%0.01%$23.48 - $27.64 $ 31.0523%34500
Lee Ainslie 2010-06-30 Sold Out 0.48%$21.83 - $27.67 $ 31.0528%0
George Soros 2010-06-30 Reduce -21.91%0.01%$21.83 - $27.67 $ 31.0528%67000
Lee Ainslie 2010-03-31 Reduce -43.84%0.21%$22.66 - $26.15 $ 31.0527%1817963
Premium More recent guru trades are included for Premium Members only!!

Top Ranked Articles about Health Net Inc

Weekly Guru Bargains Highlights: SAVE, HNT, MRVL, PAY, HK
September 16, 2012
According to GuruFocus updates, these stocks have declined the most since Gurus have bought. Read more...
First Pacific Advisors’ Top New Buys
August 8, 2012
First Pacific Advisors - First Pacific Advisors’ Top New Buys
First Pacific Advisors is a money management firm located in California with about $20.1 billion in assets under management. Two managing partners at the firm are the celebrated value investors Robert Rodriguez and Steven Romick. Core values at the firm are long-term thinking and paying less for securities than their intrinsic value to avoid permanent capital impairment. Read more...

Ratios

vs
industry		 vs
history
P/E(ttm) 13.20
HNT's P/E(ttm) is ranked lower than
53% of the 17 Companies
in the Global Health Care Plans industry.

( Industry Median: 10.80 vs. HNT: 13.20 )
HNT' s 10-Year P/E(ttm) Range
Min: 4.92   Max: 90.16
Current: 13.2
4.92
90.16
P/B 1.60
HNT's P/B is ranked higher than
53% of the 17 Companies
in the Global Health Care Plans industry.

( Industry Median: 1.50 vs. HNT: 1.60 )
HNT' s 10-Year P/B Range
Min: 0.49   Max: 3.99
Current: 1.6
0.49
3.99
P/S 0.20
HNT's P/S is ranked higher than
94% of the 17 Companies
in the Global Health Care Plans industry.

( Industry Median: 0.40 vs. HNT: 0.20 )
HNT' s 10-Year P/S Range
Min: 0.06   Max: 0.52
Current: 0.2
0.06
0.52
EV-to-EBIT 7.6
HNT's EV-to-EBIT is ranked higher than
94% of the 17 Companies
in the Global Health Care Plans industry.

( Industry Median: 7.65 vs. HNT: 7.6 )
HNT' s 10-Year EV-to-EBIT Range
Min: 0.1   Max: 28.1
Current: 7.6
0.1
28.1
PEG 4.1
HNT's PEG is ranked lower than
100% of the 17 Companies
in the Global Health Care Plans industry.

( Industry Median: 0.80 vs. HNT: 4.1 )
HNT' s 10-Year PEG Range
Min: 0.35   Max: 87.11
Current: 4.1
0.35
87.11
Shiller P/E 28.3
HNT's Shiller P/E is ranked lower than
59% of the 17 Companies
in the Global Health Care Plans industry.

( Industry Median: 12.40 vs. HNT: 28.3 )
HNT' s 10-Year Shiller P/E Range
Min: 4.35   Max: 36.2
Current: 28.3
4.35
36.2

Valuation & Return

vs
industry		 vs
history
Price/Net Current Asset Value 4.6
HNT's Price/Net Current Asset Value is ranked lower than
76% of the 17 Companies
in the Global Health Care Plans industry.

( Industry Median: 10.10 vs. HNT: 4.6 )
HNT' s 10-Year Price/Net Current Asset Value Range
Min: 1.4   Max: 15.3
Current: 4.6
1.4
15.3
Price/Tangible Book 2.6
HNT's Price/Tangible Book is ranked lower than
71% of the 17 Companies
in the Global Health Care Plans industry.

( Industry Median: 2.75 vs. HNT: 2.6 )
HNT' s 10-Year Price/Tangible Book Range
Min: 1.3   Max: 16.4
Current: 2.6
1.3
16.4
Price/DCF (Projected) 1
HNT's Price/DCF (Projected) is ranked higher than
82% of the 17 Companies
in the Global Health Care Plans industry.

( Industry Median: 0.60 vs. HNT: 1 )
HNT' s 10-Year Price/DCF (Projected) Range
Min: 0.4   Max: 1.6
Current: 1
0.4
1.6
Price/Median PS Value 0.9
HNT's Price/Median PS Value is ranked lower than
82% of the 17 Companies
in the Global Health Care Plans industry.

( Industry Median: 0.70 vs. HNT: 0.9 )
HNT' s 10-Year Price/Median PS Value Range
Min: 0.3   Max: 1.9
Current: 0.9
0.3
1.9
Price/Graham Number 3.3
HNT's Price/Graham Number is ranked higher than
59% of the 17 Companies
in the Global Health Care Plans industry.

( Industry Median: 1.50 vs. HNT: 3.3 )
HNT' s 10-Year Price/Graham Number Range
Min: 0.8   Max: 4.6
Current: 3.3
0.8
4.6
Earnings Yield (Greenblatt) 13.10
HNT's Earnings Yield (Greenblatt) is ranked higher than
94% of the 17 Companies
in the Global Health Care Plans industry.

( Industry Median: 13.60 vs. HNT: 13.10 )
HNT' s 10-Year Earnings Yield (Greenblatt) Range
Min: 3.6   Max: 2423.4
Current: 13.1
3.6
2423.4
Forward Rate of Return (Yacktman) 8.34
HNT's Forward Rate of Return (Yacktman) is ranked lower than
71% of the 17 Companies
in the Global Health Care Plans industry.

( Industry Median: 20.32 vs. HNT: 8.34 )
HNT' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -35   Max: 47.3
Current: 8.34
-35
47.3

Business Description

Health Net, Inc. is incorporated in the state of Delaware in 1990. It is an integrated managed care organization that delivers managed health care services. Its health plans and government contracts subsidiaries provide health benefits through its health maintenance organizations (HMOs), insured preferred provider organizations (PPOs) and point of service (POS) plans to approximately 6.1 million individuals across the country through group, individual, Medicare, Medicaid and TRICARE programs. Its subsidiaries also offer managed health care products related to behavioral health and prescription drugs. The Company also owns health and life insurance companies licensed to sell exclusive provider organization (EPO), PPO, POS and indemnity products as well as auxiliary non-health products such as life and accidental death and dismemberment, dental, vision, behavioral health and disability insurance. These products are offered by its health and life insurance subsidiaries, which are licensed to sell insurance in approximately 49 states and the District of Columbia. It currently operates within three reportable segments: West Operations, Northeast Operations and Government Contracts. Its West Operations segment includes the operations of its commercial, Medicare and Medicaid health plans, the operations of its health and life insurance companies and its behavioral health and pharmaceutical services subsidiaries in Arizona, California and Oregon. The Company offers a full spectrum of managed health care products and services. It offers a range of Medicare products, including Medicare Advantage plans with and without prescription drug coverage, Medicare Part D stand-alone prescription drug plans ('PDP'), and Medicare supplement products that supplement traditional fee-for-service Medicare coverage. Its portfolio of Medicare Advantage plans focuses on simplicity so that members can sign up and use benefits with minimal paperwork and receive coverage that starts immediately upon enrollment. It provides ASO products to large employer groups in California. Its Government Contracts segment includes its TRICARE contract for the North Region and other health care-related government contracts that it administers for the U.S. Department of Defense (the 'Department of Defense') and the U.S. Department of Veterans Affairs. Certain components of these contracts are subcontracted to unrelated third parties. Its wholly-owned subsidiary, Health Net Federal Services, LLC ('HNFS'), administers a large managed care federal contract with the Department of Defense under the TRICARE program in the North Region. The Company maintains a network of qualified physicians, hospitals and other health care providers in each of the states in which it offers network based managed care products and services. It markets its products and services to individuals and employer groups through inside sales staff, independent brokers, agents and consultants and through the Inte
Company Website
SEC Reports
Industry: Health Care Plans
Compare:UNH, ESRX, WLP, HUM, AET
» More Articles for HNT

Headlines

Articles On GuruFocus.com
First Pacific Advisors Buys ROSE, CFN, HNT, Sells ESV, PETM, WMT Nov 12 2012 
Weekly Guru Bargains Highlights: SAVE, HNT, MRVL, PAY, HK Sep 16 2012 
First Pacific Advisors’ Top New Buys Aug 08 2012 
FPA Crescent Fund Buys CVS, MSFT, WMT, AON, PFE, Sells PHG, CVX, HNT, GKSR, LOW Mar 03 2011 
First Pacific Advisors Buys CVS, MSFT, WMT, AON, PFE, OCR, TOT, Sells MCY, PHG, HNT, CVX, GKSR, LOW Feb 16 2011 
Hedge Fund Greenlight Capital Buys S, BP, LYB, POT, SEMG, GDX, IM, BDX; Sells CIT, HNT, VRGY Feb 14 2011 
Health Net Inc. (HNT) EVP, COO James Woys sells 26,515 Shares Feb 10 2011 
Health Net Inc. (HNT) EVP, COO James Woys sells 19,993 Shares Feb 10 2011 
Stocks Ideas Shared by David Einhorn and Daniel Loeb: CIT, AAPL, HNT, CFN, BIOF Jan 03 2011 
Daniel Loeb Continues to Deliver Superb Results; Top Holdings: POT, ACL, ARG, HNT, PHH, CIT Dec 02 2010 

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