According to GuruFocus Insider Data, these are the largest insider buys during the past week: Citigroup Inc. (NYSE:C), Loews Corporation (NYSE:L), Alcoa Inc. (NYSE:AA), Western Union Company (NYSE:WU), and Huntington Bancshares Inc. (NASDAQ:HBAN).
The overall trend of insiders is illustrated in the chart below:
Citigroup Inc. (NYSE:C): Director Michael E. Oneill Bought 28,200 Shares
Director of Citigroup Inc., Michael E. Oneill, bought 28,200 shares on 11/26/2012 at an average price of $34.57. Citigroup Inc., the global financial services company, has some 200 million customer accounts and does business in more than hundred countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Citigroup Inc. has a market cap of $101.38 billion; its shares were traded at around $34.57 with a P/E ratio of 9.88 and P/S ratio of 1.29. The dividend yield of Citigroup Inc. stocks is 0.12%.
On Oct. 15, Citigroup Inc. reported net income for the third quarter 2012 of $468 million, or $0.15 per diluted share, on revenues of $14 billion. Citigroup's net income declined to $468 million in the third quarter 2012 from $3.8 billion in the prior year period.
This month, Director Michael E. Oneill, Director Joan E. Spero, Director William S. Thompson and Controller Jeffrey R. Walsh sold shares of C stock.
Loews Corporation (NYSE:L): Director Ken Miller Bought 5,000 Shares
Director of Loews Corporation, Ken Miller, bought 5,000 shares on 11/29/2012 at an average price of $40.88. Loews Corporation is a holding company. Its subsidiaries are engaged in the following lines of business: property, casualty and life insurance; the production and sale of cigarettes; the operation of hotels; the operation of offshore oil and gas drilling rigs; and the distribution and sale of watches and clocks. Loews Corporation has a market cap of $16.17 billion; its shares were traded at around $40.88 with a P/E ratio of 13.23 and P/S ratio of 1.14. The dividend yield of Loews Corporation stocks is 0.61%. Loews Corporation had an annual average earnings growth of 26% over the past 10 years.
Director Ken Miller bought 5,000 shares of L stock last week, Senior Vice President and CFO Peter W. Keegan, Director Philip A. Laskawy, Co-Chairman of the Board and Chairman of the Executive Committee Andrew H. Tisch, and Co-Chairman of the Board Office of the President Jonathan M. Tisch sold shares this month.
Alcoa Inc. (NYSE:AA): Director Ratan Tata Bought 4,565 Shares
Director of Alcoa Inc., Ratan Tata, bought 4,565 shares on 11/27/2012 at an average price of $8.41. Alcoa Inc. is the world's producer and manager of primary aluminum, fabricated aluminum and alumina facilities, and is active in all major aspects of the industry. Alcoa Inc. has a market cap of $8.97 billion; its shares were traded at around $8.41 with a P/E ratio of 52.56 and P/S ratio of 0.36. The dividend yield of Alcoa Inc. stocks is 1.43%.
On October 9, Alcoa Inc. third quarter 2012 net loss of $143 million, or $0.13 per share, compared to a net loss of $2 million, or $0.00 per share, in second quarter 2012, and net income of $172 million, or $0.15 per share, in third quarter 2011. Adjusted EBITDA for the third quarter was $282 million, down 45 percent from second quarter 2012 mainly due to lower realized prices and special items.
Last week, Director Ratan Tata bought 4,565 shares of AA stock. Director Martin Sorrell bought 4,145 shares in October.
Western Union Company (NYSE:WU): President WU Business Solutions Rajesh K. Agrawal Bought 2,000 Shares
President WU Business Solutions of Western Union Company, Rajesh K. Agrawal, bought 2,000 shares on 11/29/2012 at an average price of $12.61. The Western Union Company is a provider of global money-transfer services. Western Union Company has a market cap of $7.6 billion; its shares were traded at around $12.61 with a P/E ratio of 7.33 and P/S ratio of 1.38. The dividend yield of Western Union Company stocks is 3.17%. Western Union Company had an annual average earnings growth of 6.1% over the past 5 years.
On Oct. 30, Western Union Company reported results for the third quarter of 2012. Revenue was $1.4 billion, a reported increase of 1%, or 3% constant currency, compared to last year’s third quarter. Operating margin was 25.7% in the current and prior year period.
This month, President and CEO Hikmet Ersek, President, WU Bus Solutions Rajesh K. Agrawal, Director Solomon D Trujillo, Director Dinyar S. Devitre, and Non-Executive Chairman Jack M. Greenberg bought shares of WU stock.
Huntington Bancshares Inc. (NASDAQ:HBAN): Director Richard W. Neu Bought 20,000 Shares
Director of Huntington Bancshares Inc., Richard W. Neu, bought 20,000 shares on 11/26/2012 at an average price of $6.16. Huntington Bancshares is a multi-state bank holding company. Huntington Bancshares Inc. has a market cap of $5.29 billion; its shares were traded at around $6.16 with a P/E ratio of 9.2 and P/S ratio of 1.79. The dividend yield of Huntington Bancshares Inc. stocks is 2.6%.
On October 18, Huntington Bancshares Incorporated reported 2012 third quarter net income of $167.8 million, up $15.1 million, or 10%, from $152.7 million in the prior quarter. Earnings per common share in the current quarter were $0.19, up $0.02 from the prior quarter. Net income in the year-ago quarter was $143.4 million, or $0.16 per common share.
Last week, Director Richard W. Neu bought 20,000 shares of HBAN stock. Senior Executive Vice President of Principal Subsidiary Daniel B. Benhase bought 10,000 shares in October. Senior Executive Vice President of Principal Subsidiary Daniel J. Neumeyer, CFO and Senior Executive Vice President Donald R. Kimble, and and Director David L. Porteous bought shares in August. Regional Banking Group President James E. Dunlap sold 58,000 shares last week,
For the complete list of stocks that were 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.