Health Insurance Tumbles On Short News; Trian Gains Support At P&G From Proxy Advisers

0
Health Insurance Tumbles On Short News; Trian Gains Support At P&G From Proxy Advisers

What the activism world is talking about

Get Our Activist Investing Case Study!

Get the entire 10-part series on our in-depth study on activist investing in PDF. Save it to your desktop, read it on your tablet, or print it out to read anywhere! Sign up below!

Going into the last week of its proxy contest with Procter & Gamble, Trian Partners is now armed with support from the three proxy voting advisers – ISS, Glass Lewis, and Egan-Jones. Will it make all the difference? Recent history is replete with examples of management triumphing against the odds, including Taubman Centers and Innoviva (more or less controlled companies) this year, and in 2016, FBR & Co and iRobot. Institutional investors increasingly argue that they do not follow proxy advisers and have their own processes, with some justification. Worldwide, BlackRock and Vanguard voted the same way as ISS in proxy contests 64% and 61% of the time respectively, according to Proxy Insight data going back to 2013. So, there is plenty of room for a surprise. Perhaps the closest comparison, given P&G’s less predictable retail component, is DuPont, where Trian was defeated despite the support of all three proxy advisers.

Ray Dalio At Robin Hood 2021: The Market Is Not In A Bubble

Fractional Shares Stock PickerAt this year's annual Robin Hood conference, which was held virtually, the founder of the world's largest hedge fund, Ray Dalio, talked about asset bubbles and how investors could detect as well as deal with bubbles in the marketplace. Q1 2021 hedge fund letters, conferences and more Dalio believes that by studying past market cycles Read More


Short update

Logic dictates that an anonymous short report containing little in the way of new information just over two weeks after a respected short seller published his views on a company should have a limited impact. Yet that was not the case for Health Insurance Innovations (HII), which The Friendly Bear hit last week with a report that caused a 24% fall in the share price in just one day. Coming on top of Richard Pearson’s allegations that the company might see regulatory suspensions in 42 states, the stock fell 60% over September. HII issued a press release on Wednesday with endorsements from three U.S. politicians and statements that its exposure to the prospect of regulatory interference in Montana was “no longer material” and that it had a “general understanding” with Florida regulators about an application for a third-party insurance administrator (TPA) license.

Article by Activist Insight

Previous article Amazon.com, Inc. vs Alibaba Group Holding Ltd: Flight To A $1 Trillion Valuation
Next article Marketing Risk Versus Investment Risk: A Manager’s Perspective
Financial news and data providers Activist Insight and Proxy Insight announced in October 2020 that they had merged to form Insightia, a leader in the field of public company information. Activist Insight was formed in 2012 and offers an extensive range of products including Activist Insight Online, Activist Insight Governance, Activist Insight Vulnerability, Activist Insight Shorts, Activist Insight Monthly magazine, and The Activist Insight Podcast. Proxy Insight has quickly become the world’s leading source of information on global shareholder voting, covering such hot topics as director and auditor elections, “say on pay” resolutions and environmental, social, and governance (ESG) proposals.

No posts to display