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Weekly CFO Buys Highlight: MS, CINF, WBS

August 07, 2011 | About:
gurujk

gurujk

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According to GuruFocus Insider Data, these are the largest CFO buys during the past week: Morgan Stanley (MS), Cincinnati Financial Corp. (CINF) and Webster Financial Corp. (WBS).

Morgan Stanley (MS): CFO Ruth Porat Bought 25,000 Shares

CFO of Morgan Stanley (MS) Ruth Porat bought 25,000 shares on 08/04/2011 at an average price of $20.5. MORGAN STANLEY is a preeminent global financial services firm that maintains market positions in each of its three primary businesses: securities, asset management and credit services. Morgan Stanley has a market cap of $30.43 billion; its shares were traded at around $19.7 with a P/E ratio of 35.2 and P/S ratio of 1. The dividend yield of Morgan Stanley stocks is 1%. Morgan Stanley had an annual average earnings growth of 2.1% over the past 10 years.

Morgan Stanley reported income of $966 million, or $0.50 per diluted share, from continuing operations applicable to Morgan Stanley for the first quarter ended March 31, 2011, compared with income of $1.8 billion, or $1.03 per diluted share, for the same period a year ago. Net revenues were $7.6 billion for the current quarter compared with $9.1 billion a year ago.

President and CEO James P. Gorman, CFO Ruth Porat, and Director Hutham S. Olayan bought shares of MS stock.

COO James A. Rosenthal sold shares of MS stock.

Cincinnati Financial Corp. (CINF): CFO, Senior Vice President & Treasurer Michael J. Sewell Bought 16,500 Shares

CFO, Senior Vice President & Treasurer of Cincinnati Financial Corp. (CINF) Michael J. Sewell bought 16,500 shares on 08/01/2011 at an average price of $27.51. Cincinnati Financial Corporation offers property and casualty insurance, its main business, through The Cincinnati Insurance Company, The Cincinnati Indemnity Company and The Cincinnati Casualty Company. Cincinnati Financial Corp. has a market cap of $4.26 billion; its shares were traded at around $26.135 with a P/E ratio of 32.6 and P/S ratio of 1.2. The dividend yield of Cincinnati Financial Corp. stocks is 6.1%. Cincinnati Financial Corp. had an annual average earnings growth of 11.2% over the past 10 years.

Cincinnati Financial Corporation reported an operating loss of $93 million, or 57 cents per share, compared with operating income of $42 million, or 26 cents. The company also reported $49 million, or 30 cents per share, of net loss for the second quarter of 2011 compared with $27 million, or 17 cents net income per share, in the 2010 second quarter.

CFO, Senior Vice President & Treasurer Michael J. Sewell, Chairman Kenneth W. Stecher, and Chief Information Officer-Sub John S. Kellington bought shares of CINF stock.

Webster Financial Corp. (WBS): Executive Vice President & CFO Glenn I. Macinnes Bought 15,000 Shares

Executive Vice President & CFO of Webster Financial Corp. (WBS) Glenn I. Macinnes bought 15,000 shares on 07/29/2011 at an average price of $20.67. Webster Financial Corp. is a multiple bank holding company which, through its subsidiary, is engaged primarily in the business of attracting deposits from the general public and investing these funds in loans for the purchase, construction or refinancing of one-to-four family homes. Webster Financial Corp. has a market cap of $1.66 billion; its shares were traded at around $19 with a P/E ratio of 15.6 and P/S ratio of 1.9. The dividend yield of Webster Financial Corp. stocks is 1.1%.

Webster Financial Corporation announced net income available to common shareholders of $33.4 million, or $.36 per diluted share, for the quarter ended June 30, 2011 compared to $33.5 million, or $.36 per diluted share, for the quarter ended March 31, 2011.

Executive Vice President & CFO Glenn I. Macinnes bought shares of WBS stock.

Executive Vice President & CFO Commercial Banking Joseph J. Savage, Director John Joseph Crawford, and Executive Vice President Marketing Michelle M. Crecca sold shares of WBS stock.

For the complete list of stocks that bought by their CFOs, go to: Insider Buys.
  • 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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