The largest Insider Buys this week were for American Express Co. (AXP, Financial), MetLife Inc. (MET, Financial), American International Group Inc. (AIG, Financial), and CVS Health Corp. (CVS, Financial).
American Express Co. (AXP, Financial): Director Zita Peach bought 27,778 shares
Director Zita Peach bought 27,778 shares of AXP stock on May 7 at the average price of $0.28.
American Express Co. is an American international financial services company that is one of the thirty components of the Dow Jones Industrial Average. The company is best known for its charge card, credit card, and traveler’s check businesses. The company has a market capitalization of $87.26 billion, and as of May 11 it traded at $101.42.
On May 8 American Express Co. announced that its board of directors has declared a regular quarterly dividend of $0.35 per common share payable on Aug. 10 to shareholders of record at the close of business on July 6.
MetLife Inc. (MET, Financial): Director Gerald L. Hassell bought 10,000 shares
Director Gerald L. Hassell bought 10,000 shares of MET stock on May 9 at the average price of $46.18. The price of the stock has increased by 1.28% since.
MetLife Inc. is an American international provider of financial services such as insurance, annuities, and employee benefit programs. The company is one of the largest financial services providers in the world with 90 million customers in over 60 countries as of 2015. MetLife Inc. holds leading market positions in the United States, Japan, Latin America and Europe markets through its subsidiaries and affiliates. The company has a market capitalization of $47.54 billion, and as of May 11 it traded at $46.77.
On May 2 MetLife Inc. announced its results for the first quarter ended March 31. Net income was $1.2 billion, compared to $867 million during the first quarter of 2017. Adjusted earnings were $1.4 billion for the quarter, or $1.36 per share, compared to adjusted earnings of $1.3 billion, or $1.20 per share, during the first quarter of 2017. Return on equity for the quarter was 9.0%.
American International Group Inc. (AIG, Financial): Director Douglas M. Steenland bought 4,800 shares
Director Douglas M. Steenland bought 4,800 shares of AIG stock on May 4 at the average price of $52.06. The price of the stock has increased by 1.52% since.
American International Group Inc. is an American international finance and insurance company that has operations in more than 80 countries. The company operates through three core businesses including general insurance, life and retirement, and a standalone technology subsidiary. The company has a market capitalization of $47.44 billion, and as of May 11 it traded at $52.85.
On May 2 American International Group Inc. reported first quarter 2018 results. Net income was $938 million, or $1.01 per diluted share, for the quarter, compared to $1.2 billion, or $1.18 per diluted share, during the first quarter of 2017. Adjusted after tax income was $963 million, or $1.04 per diluted share, for the quarter, compared to $1.4 billion, or $1.36 per diluted share, during the prior year quarter.
CVS Health Corp. (CVS, Financial): Director David W. Dorman bought 24,300 shares
Director David W. Dorman bought 24,300 shares of CVS stock on May 4 at the average price of $62.22. The price of the stock has increased by 3.52% since.
CVS Health Corp. has a market cap of $64.15 billion; its shares were traded around $63.10 with a P/E ratio of 9.70 and P/S ratio of 0.34. The trailing 12-month dividend yield of CVS Health Corp. stocks is 3.16%. The forward dividend yield of CVS Health Corp. stocks is 3.21%. CVS Health Corp. had an annual average earnings growth of 10.90% over the past 10 years. The company has a market capitalization of $65.48 billion, and as of May 11 it traded at $64.41.
On May 2 CVS Health Corp. reported first quarter 2018 results. Net revenue increased 2.6% to $45.7 billion compared to the same quarter prior year. GAAP diluted earnings per share were $0.98 for the quarter while adjusted earnings per share were $1.48. Retail volume grew by 8.5% compared to the same quarter of 2017.
For the complete list of stocks that were bought by their company executives, go to: Insider Trades.
Disclosure: I do not own stock in any of the companies mentioned in the article.
