President and CEO of National Interstate Corporation (NATL) David W Michelson sells 30,000 shares of NATL on 12/19/2012 at an average price of $27.66 a share.

National Interstate Corporation has a market cap of $533.5 million; its shares were traded at around $28.3 with a P/E ratio of 14.7 and P/S ratio of 1.1. The dividend yield of National Interstate Corporation stocks is 1.5%.

This is the annual revenues and earnings per share of NATL over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of NATL.

CEO Recent Trades:

• President and CEO David W Michelson sold 30,000 shares of NATL stock on 12/19/2012 at the average price of 27.66. David W Michelson owns at least 233,580 shares after this. The price of the stock has increased by 2.31% since.

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

Directors and Officers Recent Trades:

• VP & Chief Investment Officer Gary N Monda sold 7,900 shares of NATL stock on 11/20/2012 at the average price of 27.1. Gary N Monda owns at least 36,600 shares after this. The price of the stock has increased by 4.43% since.
• Senior VP Terry E Phillips sold 13,768 shares of NATL stock on 09/13/2012 at the average price of 26.06. Terry E Phillips owns at least 43,975 shares after this. The price of the stock has increased by 8.6% since.
• Senior VP Terry E Phillips sold 7,847 shares of NATL stock on 09/11/2012 at the average price of 26.02. Terry E Phillips owns at least 57,743 shares after this. The price of the stock has increased by 8.76% since.
• Senior VP Terry E Phillips sold 8,385 shares of NATL stock on 09/07/2012 at the average price of 26.08. Terry E Phillips owns at least 65,590 shares after this. The price of the stock has increased by 8.51% since.
• Senior VP Terry E Phillips sold 1,200 shares of NATL stock on 08/28/2012 at the average price of 25.01. Terry E Phillips owns at least 69,965 shares after this. The price of the stock has increased by 13.15% since.

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

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

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