CNO Financial Group, Inc. - Corporate Bond/Note
US ˙ NYSE ˙ US12621E3018

Introduction

This page provides a comprehensive analysis of the known insider trading history of David A Tepper. Insiders are officers, directors, or significant investors in a company. It is illegal for insiders to make trades in their companies based on specific, non-public information. This does not mean it is illegal for them to make any trades in their own companies. However, they must report all trades to the SEC via a Form 4. Despite these restrictions, academic research suggests that insiders - in general - tend to outperform the market in their own companies.

Average Trade Profitability

The average trade profitability is the average return of all the open market purchases made by the insider in the last three years. To calculate this, we examine every open-market, unplanned purchase made by the insider, excluding all trades that were marked as part of a 10b5-1 trading plan. We then calculate the average performance of those trades over 3, 6, and 12 months, averaging each of those durations to generate a final performance metric for each trade. Finally, we average all of the performance metrics to calculate a performance metric for the insider. This list only includes insiders that have made at least three trades in the last two years.

If this insiders trade profitability is "N/A", then the insider either has not made any open-market purchases in the last three years, or the trades they’ve made are too recent to calculate a reliable performance metric.

Update Frequency: Daily

See the list of most profitable insider traders.

Companies with Reported Insider Positions

The SEC filings indicate David A Tepper has reported holdings or trades in the following companies:

Security Title Latest Reported Holdings
US:US88104LAB99 / TerraForm Power Operating LLC 12,433,507
US:DAN / Dana Incorporated 10% Owner 22,500,000
US:US49458HAB24 / Kindred Healthcare LLC 2018 1st Lien Term Loan 10% Owner 0
US:CNO / CNO Financial Group, Inc. 10% Owner 2,565,998
How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by David A Tepper. Non-planned trade are trades that were not made as part of a 10b5-1 trading plan. The stock performance is charted as cumulative percent change in share price. For example, if an insider trade was made on January 1, 2019, the chart will show the daily percent change of the security to the present day. If the share price were to go from $10 to $15 during this time, the cumulative percent change in share price would be 50%. A change in price from $10 to $20 would be 100%, and a change in price of $10 to $5 would be -50%.

Ultimately, we are trying to determine how closely the insider’s trades correlate to excess returns (positive or negative) in the share price in order to see if the insider is timing their trades to profit from insider information. Consider the situation where an insider was doing this. In this situation, we would expect either (a) positive returns after purchases, or (b) negative returns after sales. In the case of (a), the PURCHASE chart would show a series of upwardly sloping curves, indicating positive returns after each purchase transaction. In the case of (b), the SALE chart would show a series of downward sloping curves, indicating negative returns after each sale transaction.

However, this alone is not enough to draw conclusions. If, for example, the share price of the company was in a non-cyclical climb over many years, then we would expect all the post-purchase plots to be upwardly sloping. Likewise, non-cyclical declines over many years would result in downward sloping post-trade plots. Neither of these charts would suggest insider trading activity.

The strongest indicator would be a situation where the share price was extremely cyclical, and there were both positive signals in the PURCHASE chart and negative plots on the SALE chart. This situation would be highly suggestive of an insider that was timing trades to their financial advantage.

Insider Purchases CNO.PRA / CNO Financial Group, Inc. - Corporate Bond/Note - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in CNO.PRA / CNO Financial Group, Inc. - Corporate Bond/Note. This analysis helps to understand if the insider consistently generates abnormal returns, and is worth following. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market purchases that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares
Reported
Price
Adjusted
Shares
Adjusted
Price
Cost Basis Days to
Max
Price at
Max
Max
Profit ($)
Max Return (%)
There are no known unplanned open-market trades for this insider and security combination

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

CNO.PRA / CNO Financial Group, Inc. - Corporate Bond/Note Insider Trades
Insider Sales CNO.PRA / CNO Financial Group, Inc. - Corporate Bond/Note - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in CNO.PRA / CNO Financial Group, Inc. - Corporate Bond/Note. A consistent pattern of loss avoidance may suggest that future sale transactions may predict declines in price. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market sales that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares
Reported
Price
Adjusted
Shares
Adjusted
Price
Cost Basis Days to
Min
Price at
Min
Max Loss
Avoided ($)
Max Loss
Avoided (%)
There are no known unplanned open-market trades for this insider and security combination

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

CNO.PRA / CNO Financial Group, Inc. - Corporate Bond/Note Insider Trades
Insider Purchases DAN / Dana Incorporated - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in CNO.PRA / CNO Financial Group, Inc. - Corporate Bond/Note. This analysis helps to understand if the insider consistently generates abnormal returns, and is worth following. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market purchases that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares
Reported
Price
Adjusted
Shares
Adjusted
Price
Cost Basis Days to
Max
Price at
Max
Max
Profit ($)
Max Return (%)
2006-03-06 DCN TEPPER DAVID A 500,000 0.8000 500,000 0.8000 400,000 731
2006-03-06 DCN TEPPER DAVID A 484,900 0.9596 484,900 0.9596 465,310
2006-03-03 DCN TEPPER DAVID A 165,100 0.9106 165,100 0.9106 150,340
2006-03-02 DCN TEPPER DAVID A 650,000 1.0208 650,000 1.0208 663,520
2006-03-02 DCN TEPPER DAVID A 500,000 1.0200 500,000 1.0200 510,000

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

DAN / Dana Incorporated Insider Trades
Insider Sales DAN / Dana Incorporated - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in CNO.PRA / CNO Financial Group, Inc. - Corporate Bond/Note. A consistent pattern of loss avoidance may suggest that future sale transactions may predict declines in price. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market sales that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares
Reported
Price
Adjusted
Shares
Adjusted
Price
Cost Basis Days to
Min
Price at
Min
Max Loss
Avoided ($)
Max Loss
Avoided (%)
2006-03-02 DCN TEPPER DAVID A 300,000 1.0767 300,000 1.0767 323,010 731

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

DAN / Dana Incorporated Insider Trades
Insider Trading History

This table shows the complete list of insider trades made by David A Tepper as disclosed to the Securities Exchange Commission (SEC).

File Date Tran Date Form Ticker Security Code 10b5-1 Shares Remaining Shares Percent
Change
Share
Price
Tran
Value
Remaining
Value
2016-07-22 3 TERP TerraForm Power, Inc.
Class A Common Stock
12,433,507
2016-07-22 3 TERP TerraForm Power, Inc.
Class A Common Stock
13,692,617
2016-07-22 3 TERP TerraForm Power, Inc.
Class A Common Stock
12,433,507
2016-07-22 3 TERP TerraForm Power, Inc.
Class A Common Stock
13,692,617
2016-07-22 3 TERP TerraForm Power, Inc.
Class A Common Stock
12,433,507
2016-07-22 3 TERP TerraForm Power, Inc.
Class A Common Stock
13,692,617
2016-07-22 3 TERP TerraForm Power, Inc.
Class A Common Stock
12,433,507
2016-07-22 3 TERP TerraForm Power, Inc.
Class A Common Stock
13,692,617
2016-07-22 3 TERP TerraForm Power, Inc.
Class A Common Stock
12,433,507
2016-07-22 3 TERP TerraForm Power, Inc.
Class A Common Stock
13,692,617
2016-07-22 3 TERP TerraForm Power, Inc.
Class A Common Stock
12,433,507
2016-07-22 3 TERP TerraForm Power, Inc.
Class A Common Stock
13,692,617
2016-07-22 3 TERP TerraForm Power, Inc.
Class A Common Stock
12,433,507
2016-07-22 3 TERP TerraForm Power, Inc.
Class A Common Stock
13,692,617
2016-07-22 3 TERP TerraForm Power, Inc.
Class A Common Stock
12,433,507
2016-07-22 3 TERP TerraForm Power, Inc.
Class A Common Stock
13,692,617
2016-05-13 3/A TERP TerraForm Power, Inc.
Class A Common Stock
3,724,799
2016-05-13 3/A TERP TerraForm Power, Inc.
Class A Common Stock
4,983,909
2016-04-01 3 TERP TerraForm Power, Inc.
Class A Common Stock
12,433,507
2016-04-01 3 TERP TerraForm Power, Inc.
Class A Common Stock
13,692,617
2016-04-01 3 TERP TerraForm Power, Inc.
Class A Common Stock
12,433,507
2016-04-01 3 TERP TerraForm Power, Inc.
Class A Common Stock
13,692,617
2016-04-01 3 TERP TerraForm Power, Inc.
Class A Common Stock
12,433,507
2016-04-01 3 TERP TerraForm Power, Inc.
Class A Common Stock
13,692,617
2016-04-01 3 TERP TerraForm Power, Inc.
Class A Common Stock
12,433,507
2016-04-01 3 TERP TerraForm Power, Inc.
Class A Common Stock
13,692,617
2016-04-01 3 TERP TerraForm Power, Inc.
Class A Common Stock
12,433,507
2016-04-01 3 TERP TerraForm Power, Inc.
Class A Common Stock
13,692,617
2016-04-01 3 TERP TerraForm Power, Inc.
Class A Common Stock
12,433,507
2016-04-01 3 TERP TerraForm Power, Inc.
Class A Common Stock
13,692,617
2016-04-01 3 TERP TerraForm Power, Inc.
Class A Common Stock
12,433,507
2016-04-01 3 TERP TerraForm Power, Inc.
Class A Common Stock
13,692,617
2016-04-01 3 TERP TerraForm Power, Inc.
Class A Common Stock
12,433,507
2016-04-01 3 TERP TerraForm Power, Inc.
Class A Common Stock
13,692,617
2006-03-07 2006-03-06 4 DCN DANA CORP
Common Stock
P - Purchase 484,900 22,500,000 2.20 0.96 465,310 21,591,000
2006-03-07 2006-03-06 4 DCN DANA CORP
Common Stock
P - Purchase 500,000 22,015,100 2.32 0.80 400,000 17,612,080
2006-03-07 2006-03-03 4 DCN DANA CORP
Common Stock
P - Purchase 165,100 21,515,100 0.77 0.91 150,340 19,591,650
2006-03-07 2006-03-02 4 DCN DANA CORP
Common Stock
P - Purchase 500,000 21,350,000 2.40 1.02 510,000 21,777,000
2006-03-07 2006-03-02 4 DCN DANA CORP
Common Stock
P - Purchase 650,000 20,850,000 3.22 1.02 663,520 21,283,680
2006-03-07 2006-03-02 4 DCN DANA CORP
Common Stock
S - Sale -300,000 20,200,000 -1.46 1.08 -323,010 21,749,340
2006-03-07 3 DCN DANA CORP
Common Stock
20,500,000
2003-10-09 2003-10-09 4 KIND KINDRED HEALTHCARE INC
Common Stock
S - Sale -53,714 0 -100.00 40.32 -2,165,748
2003-10-09 2003-10-08 4 KIND KINDRED HEALTHCARE INC
Common Stock
S - Sale -39,786 53,714 -42.55 40.08 -1,594,623 2,152,857
2003-10-07 2003-10-06 4 CNO CONSECO INC
Common Stock
J - Other -7,472,000 2,565,998 -74.44
2003-10-07 2003-10-06 4 CNO CONSECO INC
Common Stock
J - Other -8,528,000 2,928,644 -74.44
2003-10-07 2003-10-06 4 CNO CONSECO INC
Common Stock
J - Other -16,000,000 5,494,642 -74.44
2003-10-07 2003-10-07 4 KIND KINDRED HEALTHCARE INC
Common Stock
S - Sale -19,000 93,500 -16.89 39.76 -755,440 3,717,560
2003-10-07 2003-10-06 4 KIND KINDRED HEALTHCARE INC
Common Stock
S - Sale -12,270 112,500 -9.83 39.95 -490,186 4,494,375
2003-10-07 2003-10-03 4 KIND KINDRED HEALTHCARE INC
Common Stock
S - Sale -34,430 124,770 -21.63 39.45 -1,358,264 4,922,176
2003-10-02 2003-10-02 4 KIND KINDRED HEALTHCARE INC
Common Stock
S - Sale -94,000 159,200 -37.12 38.81 -3,648,140 6,178,552
2003-10-02 2003-10-01 4 KIND KINDRED HEALTHCARE INC
Common Stock
S - Sale -106,000 253,200 -29.51 37.83 -4,009,980 9,578,556
2003-10-02 2003-09-30 4 KIND KINDRED HEALTHCARE INC
Common Stock
S - Sale -30,100 359,200 -7.73 37.19 -1,119,419 13,358,648
2003-09-25 2003-09-25 4 KIND KINDRED HEALTHCARE INC
Common Stock
S - Sale -10,500 389,300 -2.63 36.91 -387,555 14,369,063
2003-09-25 2003-09-24 4 KIND KINDRED HEALTHCARE INC
Common Stock
S - Sale -245,000 399,800 -38.00 36.36 -8,908,200 14,536,728
2003-09-25 2003-09-23 4 KIND KINDRED HEALTHCARE INC
Common Stock
S - Sale -167,800 644,800 -20.65 35.52 -5,960,256 22,903,296
2003-09-25 2003-09-23 4 KIND KINDRED HEALTHCARE INC
Common Stock
S - Sale -80,900 812,600 -9.05 35.45 -2,867,905 28,806,670
2003-09-23 2003-09-19 4 CNO CONSECO INC
Equity Swap (obligation to sell)
J - Other -1 1 -50.00
2003-09-23 2003-09-19 4 CNO CONSECO INC
Equity Swap (obligation to sell)
J - Other -1 1 -50.00
2003-09-23 2003-09-19 4 CNO CONSECO INC
Equity Swap (obligation to sell)
J - Other -1 1 -50.00
2003-09-19 2003-09-18 4 CNO CONSECO INC
Equity Swap (obligation to sell)
J - Other -1 1 -50.00
2003-09-19 2003-09-18 4 CNO CONSECO INC
Equity Swap (obligation to sell)
J - Other -1 1 -50.00
2003-09-19 2003-09-18 4 CNO CONSECO INC
Equity Swap (obligation to sell)
J - Other -1 1 -50.00
2003-09-19 2003-09-17 4 CNO CONSECO INC
Equity Swap (obligation to sell)
J - Other -1 1 -50.00
2003-09-19 2003-09-17 4 CNO CONSECO INC
Equity Swap (obligation to sell)
J - Other -1 1 -50.00
2003-09-19 2003-09-17 4 CNO CONSECO INC
Equity Swap (obligation to sell)
J - Other -1 1 -50.00
2003-09-18 2003-09-18 4 KIND KINDRED HEALTHCARE INC
Common Stock
S - Sale -46,510 893,500 -4.95 32.98 -1,533,900 29,467,630
2003-09-18 2003-09-17 4 KIND KINDRED HEALTHCARE INC
Common Stock
S - Sale -50,000 940,010 -5.05 33.06 -1,653,000 31,076,731
2003-09-18 2003-09-16 4 KIND KINDRED HEALTHCARE INC
Common Stock
S - Sale -50,000 990,010 -4.81 33.34 -1,667,000 33,006,933
2003-09-18 2003-09-16 4 KIND KINDRED HEALTHCARE INC
Common Stock
S - Sale -80,000 1,040,010 -7.14 33.25 -2,660,000 34,580,332
2003-09-16 2003-09-16 4 CNO CONSECO INC
Equity Swap (obligation to sell)
J - Other -1 1 -50.00
2003-09-16 2003-09-16 4 CNO CONSECO INC
Equity Swap (obligation to sell)
J - Other -1 1 -50.00
2003-09-16 2003-09-16 4 CNO CONSECO INC
Equity Swap (obligation to sell)
J - Other -1 1 -50.00
2003-09-16 2003-09-15 4 CNO CONSECO INC
Equity Swap (obligation to sell)
J - Other -1 1 -50.00
2003-09-16 2003-09-15 4 CNO CONSECO INC
Equity Swap (obligation to sell)
J - Other -1 0 -100.00
2003-09-16 2003-09-15 4 CNO CONSECO INC
Equity Swap (obligation to sell)
J - Other -1 1 -50.00
2003-09-16 2003-09-15 4 CNO CONSECO INC
Equity Swap (obligation to sell)
J - Other -1 0 -100.00
2003-09-16 2003-09-15 4 CNO CONSECO INC
Equity Swap (obligation to sell)
J - Other -1 1 -50.00
2003-09-16 2003-09-15 4 CNO CONSECO INC
Equity Swap (obligation to sell)
J - Other -1 0 -100.00
2003-09-16 2003-09-12 4 CNO CONSECO INC
Equity Swap (obligation to sell)
J - Other -1 1 -50.00
2003-09-16 2003-09-12 4 CNO CONSECO INC
Equity Swap (obligation to sell)
J - Other -1 1 -50.00
2003-09-16 2003-09-12 4 CNO CONSECO INC
Equity Swap (obligation to sell)
J - Other -1 1 -50.00
2003-09-12 3 CNO CONSECO INC
Common Stock
21,492,281
2003-09-12 3 CNO CONSECO INC
Common Stock
11,455,493
2003-09-12 3 CNO CONSECO INC
Common Stock
10,036,788
2003-09-08 2003-09-08 4 KIND KINDRED HEALTHCARE INC
Common Stock
S - Sale -70,000 1,120,010 -5.88 31.61 -2,212,700 35,403,516
2003-09-08 2003-09-08 4 KIND KINDRED HEALTHCARE INC
Common Stock
S - Sale -105,000 1,190,010 -8.11 31.51 -3,308,550 37,497,215
2003-09-08 2003-09-08 4 KIND KINDRED HEALTHCARE INC
Common Stock
S - Sale -7,400 1,295,010 -0.57 31.55 -233,470 40,857,566
2003-09-08 2003-09-05 4 KIND KINDRED HEALTHCARE INC
Common Stock
S - Sale -10,687 1,302,410 -0.81 32.33 -345,511 42,106,915
2003-09-08 2003-09-05 4 KIND KINDRED HEALTHCARE INC
Common Stock
S - Sale -76,813 1,313,097 -5.53 32.33 -2,483,364 42,452,426
2003-09-08 2003-09-05 4 KIND KINDRED HEALTHCARE INC
Common Stock
S - Sale -30,590 1,389,910 -2.15 32.34 -989,281 44,949,689
2003-09-08 2003-09-05 4 KIND KINDRED HEALTHCARE INC
Common Stock
S - Sale -7,500 1,420,500 -0.53 32.22 -241,650 45,768,510
2003-09-08 2003-09-05 4 KIND KINDRED HEALTHCARE INC
Common Stock
S - Sale -7,000 1,428,000 -0.49 32.35 -226,450 46,195,800
2003-09-08 2003-09-04 4 KIND KINDRED HEALTHCARE INC
Common Stock
S - Sale -15,000 1,435,000 -1.03 32.80 -492,000 47,068,000
2003-09-08 2003-09-04 4 KIND KINDRED HEALTHCARE INC
Common Stock
S - Sale -50,000 1,450,000 -3.33 32.70 -1,635,000 47,415,000
2003-08-22 2003-08-22 4 KIND KINDRED HEALTHCARE INC
Common Stock
S - Sale -179,828 1,500,000 -10.71 32.95 -5,925,333 49,425,000
2003-08-22 2003-08-21 4 KIND KINDRED HEALTHCARE INC
Common Stock
S - Sale -42,500 1,679,828 -2.47 31.64 -1,344,700 53,149,758
2003-08-22 2003-08-20 4 KIND KINDRED HEALTHCARE INC
Common Stock
S - Sale -36,600 1,722,328 -2.08 31.60 -1,156,560 54,425,565
2003-08-22 2003-08-20 4 KIND KINDRED HEALTHCARE INC
Common Stock
S - Sale -241,700 1,758,928 -12.08 30.60 -7,396,020 53,823,197
2003-08-19 2003-08-18 4 KIND KINDRED HEALTHCARE INC
Common Stock
P - Purchase 7,400 2,000,627 0.37 29.36 217,264 58,738,409
2003-08-19 2003-08-18 4 KIND KINDRED HEALTHCARE INC
Common Stock
S - Sale -3,000 0 -100.00 29.59 -88,770
2003-08-19 2003-08-18 4 KIND KINDRED HEALTHCARE INC
Common Stock
S - Sale -25,800 0 -100.00 29.45 -759,810
2003-08-19 2003-08-15 4 KIND KINDRED HEALTHCARE INC
Common Stock
S - Sale -8,400 0 -100.00 29.31 -246,204
2003-08-19 2003-08-14 4 KIND KINDRED HEALTHCARE INC
Common Stock
S - Sale -5,000 0 -100.00 29.87 -149,350
2003-08-19 2003-08-14 4 KIND KINDRED HEALTHCARE INC
Common Stock
S - Sale -250,000 0 -100.00 29.70 -7,425,000
2003-08-19 2003-08-14 4 KIND KINDRED HEALTHCARE INC
Common Stock
S - Sale -50,000 0 -100.00 29.69 -1,484,500
2003-08-19 2003-08-14 4 KIND KINDRED HEALTHCARE INC
Common Stock
S - Sale -140,000 0 -100.00 29.47 -4,125,800
P
Open market or private purchase of non-derivative or derivative security
S
Open market or private sale of non-derivative or derivative security
A
Grant, award, or other acquisition of securities from the company (such as an option)
C
Conversion of derivative
D
Sale or transfer of securities back to the company
F
Payment of exercise price or tax liability using portion of securities received from the company
G
Gift of securities by or to the insider
K
Equity swaps and similar hedging transactions
M
Exercise or conversion of derivative security received from the company (such as an option)
V
A transaction voluntarily reported on Form 4
J
Other (accompanied by a footnote describing the transaction)