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Weekly Top Insider Buys: HIG, XYL, FNFG, LTS, CVO

April 09, 2012 | About:
gurufocus

gurufocus

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According to GuruFocus Insider Data, these are the largest insider buys during the past week: The Harford Financial Services Group Inc. (HIG), Xylem Inc. (XYL), First Niagara Financial Group Inc. (FNFG), Ladenburg Thalmann Financial Services Inc. (LTS) and Cenveo Inc. (CVO).

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

The Hartford Financial Services Group Inc. (HIG): Director Trevor Fetter Bought 5,000 Shares



Director of The Hartford Financial Services Group Inc., Trevor Fetter, bought 5,000 shares on 04/04/2012 at an average price of $21.04. The Hartford Financial Services Group Inc. is one of the nation's largest investment and insurance companies, offers a complete line of insurance and financial service products to customers all over the world. The Hartford Financial Services Group Inc. has a market cap of $9.28 billion; its shares were traded at around $21.04 with a P/E ratio of 11.1 and P/S ratio of 0.4. The dividend yield of The Hartford Financial Services Group Inc. stocks is 1.9%.

The Hartford recently reported net income of $127 million, or $0.24 per diluted share for the fourth quarter of 2011 compared with $619 million, or $1.24 per diluted share, in the fourth quarter of 2010. Core earnings in the fourth quarter of 2011 were $339 million, or $0.69 per diluted share, compared with $529 million, or $1.06 per diluted share, in the fourth quarter of 2010.

Last week, Director Trevor Fetter bought 5,000 shares of HIG stock.

Xylem Inc. (XYL): Senior Vice President and President Analytics Christopher R. Mcintire Bought 3,529 Shares



Senior Vice President and President Analytics of Xylem Inc., Christopher R. Mcintire, bought 3,529 shares on 04/02/2012 at an average price of $27.97. Xylem Inc. provides water technology solutions, water and wastewater treatment solutions and industrial pumps and related technologies. Xylem Inc. has a market cap of $5.13 billion; its shares were traded at around $27.97 with a P/E ratio of 14.4 and P/S ratio of 1.4. The dividend yield of Xylem Inc. stocks is 1.5%.

On February 28, Xylem Inc. reported fourth quarter revenue of $1.0 billion, up 7 percent from the fourth quarter 2010, and net income of $52 million or $0.28 per share. Xylem, a leading global water technology company focused on solving the world’s most challenging water issues, was spun off from ITT Corporation on Oct. 31, 2011. Excluding the impact of one-time separation costs and other special items, adjusted net income was $74 million or $0.40 per share, up 2 cents or 5 percent from the normalized earnings in the fourth quarter 2010.

Last week, Senior Vice President and President Analytics Christopher R. Mcintire bought 3,529 shares of XYL stock. Director Edward J. Ludwig and President and CEO Gretchen W. Mcclain bought shares in March; Senior Vice President Michael Kuchenbrod sold 24,937 shares in March.

First Niagara Financial Group Inc. (FNFG): Director Thomas E. Baker Bought 2,079 Shares



Director of First Niagara Financial Group Inc., Thomas E. Baker, bought 2,079 shares on 04/04/2012 at an average price of $9.44. First Niagara Financial Group Inc. is a multi-bank holding company and is the parent of First Niagara Bank, Cortland Savings Bank and Cayuga Bank. First Niagara Financial Group Inc. has a market cap of $3.47 billion; its shares were traded at around $9.44 with a P/E ratio of 10 and P/S ratio of 2.6. The dividend yield of First Niagara stocks is 3.3%. First Niagara Financial Group Inc. had an annual average earnings growth of 4.2% over the past 10 years.

On January 26, First Niagara Financial Group Inc. reported results for the fourth quarter and record full-year earnings. In the fourth quarter of 2011, First Niagara posted non-GAAP net operating earnings of $72.1 million, or $0.24 per diluted share. Total revenues of $306.2 million grew 3% annualized over the third quarter of 2011. Net interest margin was 3.48%, unchanged from the prior quarter as lower deposit costs offset asset spread compression. Non-GAAP operating earnings were $73.6 million, or $0.25 per diluted share, in the third quarter of 2011 and $49.7 million, or $0.24 per diluted share, in the fourth quarter of 2010.

Last week, Director Thomas E. Baker, Director George M. Philip, and Director Barabara S. Jeremiah bought shares of FNFG stock. Director George M. Philip and Director Barabara S. Jeremiah bought shares in December.

Ladenburg Thalmann Financial Services Inc. (LTS): COO Adam Scott Malamed Bought 5,000 Shares

COO of Ladenburg Thalmann Financial Services Inc., Adam Scott Malamed, bought 5,000 shares on 04/04/2012 at an average price of $1.73. Ladenburg Thalmann Financial Services is a holding company engaged in the retail and institutional securities brokerage business and, through its subsidiary GBI Capital Partners, Inc. Ladenburg Thalmann Financial Services Inc. has a market cap of $327.7 million; its shares were traded at around $1.73 with and P/S ratio of 1.2.

On March 15, Ladenburg Thalmann Financial Services Inc. announced financial results for the fourth quarter ended Dec. 31, 2011. Fourth quarter 2011 revenues were $107.3 million, a 96% increase from revenues of $54.6 million in the fourth quarter of 2010. Revenues for the 2011 period included $57.1 million from Securities America, acquired Nov. 4, 2011. Net income for the fourth quarter 2011 was $6.4 million, or $0.03 per diluted share, an improvement from a net loss of $1.1 million, or $(0.01) per diluted share, in the comparable 2010 period. Last week, President and CEO Richard Lampen and COO Adam Scott Malamed bought 5,000 shares shares of LTS stock. Director, 10% Owner Phillip Frost Et Al, Director Richard J. Rosenstock, and Director Jacqueline M. Simkin bought shares in March.

Cenveo Inc. (CVO): President Robert G. Burton Jr. Bought 4,100 Shares

President of Cenveo Inc., Robert G. Burton Jr., bought 4,100 shares on 3/30/2012 at an average price of $3.09. Cenveo Inc. is one of North America's providers of visual communications with one-stop services from design through fulfillment. Cenveo Inc. has a market cap of $214.7 million; its shares were traded at around $3.09 with a P/E ratio of 5.7 and P/S ratio of 0.1.

On February 29, Cenveo Inc. announced results for the three months and year ended Dec. 31, 2011. For the three months ended Dec. 31, 2011, net sales were $486.5 million, as compared to $435.0 million for the same period in the previous year, an increase of 11.8%. For the year ended Dec. 31, 2011, net sales were $1.9 billion, compared to $1.7 billion for the prior year, an increase of 11.7%.

Last week, President Robert G. Burton Jr. bought 4,100 shares of CVO stock on 3/30/2012. Senior Vice President Legal Affairs Ian R. Scheinmann, Director Mark J. Griffin, and Chairman and CEO Robert G. Burton Sr. bought shares of CVO stock last month. Executive Vice President and CFO Mark S. Hiltwein bought 3,000 shares in December.

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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gurufocus
GuruFocus - Stock Picks and Market Insight of Gurus

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