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Weekly Top Insider Buys: BAC, AIG, WMB, MML, ALL

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According to GuruFocus Insider Data, these are the largest insider buys during the past week: Bank of America Corp. (BAC), American International Group Inc. (AIG), William Cos (WMB), Marsh & McLellan (MML), and Allstate Corp. (ALL).

The overall trend of insiders is illustrated in the chart below:



Bank of America Corp. (BAC): Director Donald E Powell Bought 10,000 Shares



Director of Bank of America Corp., Donald E Powell, bought 10,000 shares on 2/29/2012 at an average price of $8.13. Bank of America Corp. is one of the world's financial services companies. Bank of America Corp. has a market cap of $85.65 billion; its shares were traded at around $8.13 with and P/S ratio of 0.74. The dividend yield of Bank of America Corp. stocks is 0.49%.

On Jan. 19, Bank of America Corporation reported net income of $2.0 billion, or $0.15 per diluted share, for the fourth quarter of 2011, compared with a net loss of $1.2 billion, or $0.16 per diluted share in the year-ago period. Revenue, net of interest expense, on a fully taxable-equivalent basis rose 11 percent to $25.1 billion. For the full year, the company reported net income of $1.4 billion, or $0.01 per diluted share, compared with a net loss of $2.2 billion, or $0.37 per diluted share in 2010. Revenue, net of interest expense, declined 15 percent to $94.4 billion.

Last week, Director Donald E Powell and Director Susan S. Bies bought shares of BAC stock.

American International Group Inc. (AIG): Director Morris Offit Bought 15,000 Shares

Director of American International Group Inc. (AIG) Morris Offit bought 15,000 shares on 02/27/2012 at an average price of $29.8. American International Group Inc., world leaders in insurance and financial services, is the international insurance organization with operations in more than one hundred thirty countries and jurisdictions. American International Group Inc. has a market cap of $56.53 billion; its shares were traded at around $29.8 with a P/E ratio of 24.03 and P/S ratio of 0.95.

On February 23, American International Group Inc. reported net income attributable to AIG of $19.8 billion for the quarter ended December 31, 2011, compared $11.2 billion in the prior year quarter. Diluted earnings per share were $10.43 for the fourth quarter and $16.60 for the prior year quarter. For the full year 2011, net income attributable to AIG was $17.8 billion compared to $7.8 billion in 2010. Diluted earnings per share $9.55 for the full year and $11.60 for the prior year.

Last week, Director Morris Offit bought 15,000 shares of AIG stock. Director Laurette T Koellner and Director Donald H Layton bought shares in November. Executive Vice President Jay S Wintrob sold 400 shares in December.

Williams Cos (WMB): Director Murray D Smith Bought 1,500 Shares



Director of Williams Cos, Murray D Smith, bought 1,500 shares on 2/28/2012 at an average price of $30.26. Williams Companies moves, manages and markets a variety of energy products, including natural gas, liquid hydrocarbons, petroleum and electricity. Williams Cos has a market cap of $17.92 billion; its shares were traded at around $30.26 with a P/E ratio of 20.04 and P/S ratio of 2.26. The dividend yield of Williams Cos stocks is 3.3%.

On February 22, Williams Companies announced 2011 unaudited net income attributable to Williams of $376 million, or $0.63 per share on a diluted basis, compared with a net loss of $1,097 million, or a loss of $1.86 per share on a diluted basis for 2010. The company reported 2011 income from continuing operations of $803 million, or $1.34 per share, compared with income from continuing operations of $104 million, or $0.17 per share in 2010.

Last week, Director Murray D Smith bought 1,500 shares of WMB stock. Sr. Vice President - Midstream Rory Lee Miller and Vice President and Controller Ted T Timmermans sold shares last week. Sr. Vice President & CFO Donald R Chappel sold 10,000 shares in January and Director Frank T Macinnis sold 4,000 shares in December.

Marsh & McLennan (MMC): Director R David Yost Bought 15,000 Shares



Director of Marsh &McLennan, R David Yost, bought 15,000 shares on 3/01/2012 at an average price of $31.7. Marsh & McLennan is primarily a holding company which, through its subsidiaries and affiliates, provides clients with analysis, advice and transactional capabilities in the fields of risk and insurance services, investment management and consulting. Marsh & McLennan has a market cap of $17.09 billion; its shares were traded at around $31.7 with a P/E ratio of 18.01 and P/S ratio of 1.48. The dividend yield of Marsh & McLennan stocks is 2.78%. Marsh & McLennan had an annual average earnings growth of 0.9% over the past 5 years.

On February 14, Marsh & McLennan reported results for the fourth quarter of 2011. Consolidated revenue in the fourth quarter of 2011 was $2.9 billion, an increase of 4% from the fourth quarter of 2010, or 3% on an underlying basis. Operating income rose 20% to $391 million, compared with $325 million in the prior year period. Income from continuing operations was $244 million, or $.44 per share, in the fourth quarter. Net income was $256 million compared with $203 million in the fourth quarter of 2010.

Last week, Director R David Yost bought 15,000 shares of MMC stock. Last month, President & CEO, Oliver Wyman John Drzik, President & CEO, Guy Carpenter Alexander S Moczarski, Vice Chairman, Office of CEO David A Nadler, President and CEO, MMC Brian Duperreault, SVP and Controller Robert J Rapport, Group President & COO, MMC Daniel S Glaser, and SVP, Chief HR & Comm. Officer Orlando D Ashford bought shares.

Allstate Corp (ALL): Director Andrea Redmond Bought 4,000 Shares



Director of Allstate Corp, Andrea Redmond, bought 4,000 shares on 2/29/2012 at an average price of $31.24. Allstate Corporation's business is conducted principally through Allstate Insurance Company, Allstate Life Insurance Company and their subsidiaries. Allstate Corp has a market cap of $15.57 billion; its shares were traded at around $31.24 with a P/E ratio of 23.31 and P/S ratio of 0.48. The dividend yield of Allstate Corp stocks is 2.82%.

On February 1, Allstate Corp. reported results for the fourth quarter of 2011. Net income for 2011 was $788 million, or $1.51 per diluted share, compared to $928 million in 2010. Total operating income was $689 million, or $1.32 per share, compared to $1.5 billion, or $2.84 per diluted share in 2010. The decline in operating income was driven by a substantial increase in catastrophe losses experienced in 2011 compared to 2010.

Last month, Director Andrea Redmond bought 4,000 shares of ALL stock and EVP & Chief Risk Officer, AIC Steven C Verney sold 1,650 shares.

For the complete list of stocks that bought by their company executives, 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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