Weekly Top Insider Buys: The Allstate Corp., Sara Lee Corp., KeyCorp, Virgin Media Inc., and American Eagle Outfitters Inc.

Weekly Top Insider Buys: ALL, SLE, KEY, VMED, AEO

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Mar 17, 2010
Weekly highlight of top insider buys: The Allstate Corp. (ALL, Financial), Sara Lee Corp. (SLE, Financial), KeyCorp (KEY, Financial), Virgin Media Inc. (VMED, Financial), and American Eagle Outfitters Inc. (AEO, Financial).

Allstate Corp. The (ALL): Director Jack M Greenberg Bought 2,500 Shares

The Director of Allstate Corp., Jack M Greenberg, bought 2,500 shares on 3/08/10 at an average price of $30.93.

The Allstate Corporation's business is conducted principally through Allstate Insurance Company, Allstate Life Insurance Company, and their subsidiaries. The Allstate Corp. has a market cap of $16.6 billion; its shares were traded at around $30.93 with a P/E ratio of 8.9 and P/S ratio of 0.5. The dividend yield of The Allstate Corp. stocks is 2.6%. The Allstate Corp. had an annual average earning growth of 21.1% over the past 10 years.

The Allstate Corporation recently released results for the fourth quarter of 2009. Total revenues for the fourth quarter of 2009 were $8.1 billion, an increase of 22.7% compared to the fourth quarter of 2008. Allstate’s fourth quarter 2009 net income was $518 million compared to a net loss of $1.1 billion in the fourth quarter of 2008 due to lower realized capital losses and improved operating income.



The Allstate Corp. is owned by seven Gurus: Robert Bruce, Richard Snow, Mark Hillman, Hotchkis & Wiley, Arnold Schneider, Richard Pzena, and David Dreman.



Last week, Buy:: Director Jack M Greenberg bought 2,500 shares of ALL stock. Sell:: SVP Allstate Insurance Company Frederick F Cripe sold this month; Sell:: Director F Duane Ackerman and Sell:: SVP Allstate Insurance Company Joan H Walker sold shares in October.



Sara Lee Corp. (SLE): Director Crandall Close Bowles Bought 10,000 Shares

Director of Sara Lee Corp., Crandall Close Bowles, bought 10,000 shares on 3/08/10 at an average price of $13.91.

Sara Lee Corporation is a global manufacturer and marketer of high-quality, brand-name products for consumers throughout the world. Sara Lee Corp. has a market cap of $9.19 billion; its shares were traded at around $13.91 with a P/E ratio of 11.4 and P/S ratio of 0.7. The dividend yield of Sara Lee Corp. stocks is 3.2%.

On Feb. 4,Sara Lee Corp. reported strong operating income growth for the second quarter of fiscal 2010, driven by significant improvement in operating segment income across the company, particularly in the North American Retail and International Beverage business segments, and lower corporate expenses. Net income also rose sharply, driven by higher income from continuing and discontinued operations, partially due to one-time tax benefits and lower charges for significant items.



Sara Lee Corp. is owned by five Gurus: Jean-Marie Eveillard, George Soros, David Dreman, Charles Brandes, and Richard Pzena.

Last week, Buy:: Director Crandall Close Bowles bought 10,000 shares of SLE stock and Sell:: Executive Vice President Vincent Ham Janssen sold 15,000 shares.



KeyCorp (KEY): Director Edward W Stack Bought 10,000 Shares

Director of KeyCorp, Edward W Stack, bought 10,000 shares on 3/12/10 at an average price of $7.57.

KeyCorp is an integrated multi-line financial services company. Keycorp has a market cap of $6.69 billion; its shares were traded at around $7.57 with and P/S ratio of 1.1. The dividend yield of Keycorp stocks is 0.5%. Keycorp had an annual average earning growth of 9.9% over the past 5 years.

KeyCorp will announce first quarter 2010 earnings on Wednesday, April 21, 2010. A conference call will be held at 9:00 a.m. ET to review financial results. The call may also include forward looking information on financial trends, asset quality and earnings outlook.

KeyCorp is in the portfolios of six Gurus: Third Avenue Management, Brian Rogers, Hotchkis & Wiley, Irving Kahn, Charles Brandes, and David Dreman.

12/31/2009, which accounts for 1.28% of the $14.17 billion portfolio of HOTCHKIS & WILEY



In March, Buy:: Director Edward W Stack bought 10,000 shares of KEY stock. Buy:: Director Ruth Ann M Gillis bought 2,500 shares in January and Buy:: Vice Chair Peter D. Hancock bought 17,400 shares in October.



Virgin Media Inc. (VMED): Chief Operating Officer Andrew Barron Bought 1,426 Shares

Chief Operating Officer of Virgin Media Inc., Andrew Barron, bought 1,426 shares on 3/10/10 at an average price of $17.2.

Virgin Media Inc. is a broadband communications and media group. Virgin Media Inc. has a market cap of $5.67 billion; its shares were traded at around $17.2 with and P/S ratio of 1. The dividend yield of Virgin Media Inc. stocks is 0.9%.

On February 25, Virgin Media Inc. released results for the fourth quarter o 2009. Total revenue was up 3.3% to £980m driven by 6.1% growth in consumer cable revenue. Cable ARPU grew up 5.8% to £44.81 as a result of record customer spending.





Virgin Media Inc. is in the portfolios of George Soros and Andreas Halvorsen.



In March, Buy:: CHIEF OPERATING OFFICER Andrew Barron bought 1,426 shares of VMED stock and Sell:: VICE PRESIDENT, CONTROLLER Robert Gale sold shares. Sell:: Director Gordon D Mccallum sold 10,000 shares in November.



American Eagle Outfitters Inc. (AEO): Director Cary D Mcmillan Bought 1,500 Shares

Director of American Eagle Outfitters Inc., Cary D Mcmillan, bought 1,500 shares on 3/11/10 at an average price of $19.

American Eagle Outfitters is a specialty retailer of all-American casual apparel, accessories, and footwear for men and women between the ages of 16 and 34. American Eagle Outfitters Inc. has a market cap of $3.95 billion; its shares were traded at around $19 with a P/E ratio of 25 and P/S ratio of 1.3. The dividend yield of American Eagle Outfitters Inc. stocks is 2.1%. American Eagle Outfitters Inc. had an annual average earning growth of 27.6% over the past 10 years. GuruFocus rated American Eagle Outfitters Inc. the business predictability rank of 4-star.

American Eagle Outfitters recently released results for the last quarter of 2009. Selling, general and administrative expenses increased to $193.3 million from $181.7 million last year, and as a percent to net sales, increased by 170 basis points to 25.8% from 24.1% last year. Net income increased to $59.2 million, or 7.9% as a percent to net sales, from $42.6 million, or 5.6% as a percent to net sales last year. Net income per diluted common share increased to $0.28 from $0.21 in the prior year. The increases are attributable to the factors noted above.

American Eagle Outfitters Inc. is in the portfolios of three Gurus: George Soros, Richard Snow, and John Hussman.



In March, Buy:: Director Cary D Mcmillan bought 1,500 shares of AEO stock.

For the complete list of stocks that bought by their company executives, go to: Insider Buys.