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ACE Limited (ACE) CFO Philip V Bancroft sells 42,745 Shares

September 07, 2012 | About:
insider

insider

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CFO of ACE Limited (ACE) Philip V Bancroft sells 42,745 shares of ACE on 09/06/2012 at an average price of $74.92 a share.

Ace Limited has a market cap of $24.97 billion; its shares were traded at around $75.13 with a P/E ratio of 8.8 and P/S ratio of 1.4. The dividend yield of Ace Limited stocks is 2.7%. Ace Limited had an annual average earning growth of 31.1% over the past 10 years.


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




Directors and Officers Recent Trades:


  • General Counsel Robert Cusumano sold 3,000 shares of ACE stock on 07/27/2012 at the average price of 72.97. Robert Cusumano owns at least 84,853 shares after this. The price of the stock has increased by 2.96% since.
  • Director Robert Ripp sold 4,000 shares of ACE stock on 07/26/2012 at the average price of 73.12. Robert Ripp owns at least 45,646 shares after this. The price of the stock has increased by 2.75% since.
  • Director Peter Menikoff sold 2,487 shares of ACE stock on 05/18/2012 at the average price of 72.51. Peter Menikoff owns at least 55,390 shares after this. The price of the stock has increased by 3.61% since.
  • Director Michael G Atieh sold 4,000 shares of ACE stock on 04/30/2012 at the average price of 75.79. Michael G Atieh owns at least 38,837 shares after this. The price of the stock has decreased by 0.87% since.


For the complete insider trading history of ACE, click here.

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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