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Coventry Health Care Inc. (CVH) CEO Allen F Wise sells 105,898 Shares

December 06, 2010 | About:
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insider

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CEO of Coventry Health Care Inc. (CVH) Allen F Wise sells 105,898 shares of CVH on 12/02/2010 at an average price of $26.52 a share.

Coventry Health Care Inc. has a market cap of $3.93 billion; its shares were traded at around $26.5 with a P/E ratio of 7.61 and P/S ratio of 0.28. Coventry Health Care Inc. had an annual average earning growth of 28% over the past 10 years. GuruFocus rated Coventry Health Care Inc. the business predictability rank of 2.5-star.

CVH is in the portfolios of Edward Owens of Vanguard Health Care Fund, Jeff Auxier of Auxier Focus Fund, James Barrow of Barrow, Hanley, Mewhinney & Strauss, Jim Simons of Renaissance Technologies LLC, Paul Tudor Jones of The Tudor Group, Jeremy Grantham of GMO LLC, David Dreman of Dreman Value Management, Bruce Kovner of Caxton Associates, Steven Cohen of SAC Capital Advisors.

This is the annual revenues and earnings per share of CVH over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of CVH.


CEO Recent Trades:


  • Sell: Pres. & CEO Workers Comp Div. David Wayne Young sold 8,334 shares of CVH stock on 12/01/2010 at the average price of 26. David Wayne Young owns at least 6,458 shares after this. The price of the stock has increased by 1.92% since.

  • Sell: President and CEO,Workers Comp David Wayne Young sold 4,045 shares of CVH stock on 11/15/2010 at the average price of 25.7. David Wayne Young owns at least 101,458 shares after this. The price of the stock has increased by 3.11% since.

  • Sell: CEO Allen F Wise sold 250,000 shares of CVH stock on 11/10/2010 at the average price of 25.79. Allen F Wise owns at least 116,865 shares after this. The price of the stock has increased by 2.75% since.


CFO Recent Trades:


  • Sell: SVP and Interim CFO John J Stelben sold 15,000 shares of CVH stock on 11/10/2010 at the average price of 25.53. John J Stelben owns at least 230,630 shares after this. The price of the stock has increased by 3.8% since.

  • Sell: SVP and Interim CFO John J Stelben sold 5,000 shares of CVH stock on 11/09/2010 at the average price of 26.49. John J Stelben owns at least 245,630 shares after this. The price of the stock has increased by 0.04% since.



This is the insider trade history vs. stock price of CVH. For the complete insider trading history of CVH, click here.




Directors and Officers Recent Trades:


  • Sell: SVP,Chief Human Resources Offr Patrisha L Davis sold 5,407 shares of CVH stock on 11/19/2010 at the average price of 25.9. Patrisha L Davis owns at least 244,221 shares after this. The price of the stock has increased by 2.32% since.

  • Sell: Executive Vice President Michael D Bahr sold 4,400 shares of CVH stock on 11/18/2010 at the average price of 25.27. Michael D Bahr owns at least 280,309 shares after this. The price of the stock has increased by 4.87% since.

  • Sell: Sr. VP and Controller John J Ruhlmann sold 1,117 shares of CVH stock on 11/10/2010 at the average price of 25.82. John J Ruhlmann owns at least 165,910 shares after this. The price of the stock has increased by 2.63% since.

  • Sell: Executive Vice President Harvey C Jr Demovick sold 229,885 shares of CVH stock on 11/09/2010 at the average price of 25.7. Harvey C Jr Demovick owns at least 211,560 shares after this. The price of the stock has increased by 3.11% since.

  • Sell: SVP & Chief HR Officer Patrisha L Davis sold 8,340 shares of CVH stock on 11/09/2010 at the average price of 26.36. Patrisha L Davis owns at least 249,628 shares after this. The price of the stock has increased by 0.53% since.


About the author:

GuruFocus - Stock Picks and Market Insight of Gurus

Tickers in the article:

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

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Why CEOs Are Buying Stocks Of Their Own Companies?

  1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
  2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
  3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading


Rating: 2.5/5 (2 votes)

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