Weekly Top Insider Buys: Smithfield Foods Inc., American Financial Group Inc., Wilsons the Leather Experts Inc.

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Oct 02, 2007
These are top insider buys of the past week. Related companies: Smithfield Foods Inc. (SFD, Financial), American Financial Group Inc. (AFG, Financial), Wilsons the Leather Experts Inc. (WLSN, Financial)


Smithfield Foods Inc. (SFD): Director Paul J. Fribourg Bought 110,000 Shares; Fribrourg has purchased a total of 425,000 shares


Director of Smithfield Foods Inc. (SFD), Paul J. Fribourg, bought 110,000 shares of SFD stock last Tuesday at $29.96; the price of the stock has increased by 5.14% since. On 09/21, Fribourg bought another 315,000 shares at $29.93; the price of the stock has increased by 5.25% since. In September, Fribourg has purchased a total of 425,000 shares of stock.


About: Smithfield Foods, Inc., together with its subsidiaries, engages in production of hog, and processing of pork and beef worldwide. The company offers fresh pork products, including unprocessed and trimmed cuts, such as loins, picnics, and ribs. Smithfield Foods Inc. has a market cap of $4.27 billion; its shares were traded at around $31.5 with P/E ratio of 18.94 and P/S ratio of 0.34.


Two Gurus Increased Positions in SFD as of June: 1) David Dreman owns 49,950 shares, an increase of 16.71% of from the previous quarter. This position accounts for 0.01% of the $19.55 billion portfolio of Dreman Value Management. 2) George Soros owns 62,459 shares, an increase of 4.1% of from the previous quarter. This position accounts for 0.06% of the $3.15 billion portfolio of Soros Fund Management LLC.


Three Gurus Reduced Positions in SFD as of June: 1) Arnold Schneider owns 182,875 shares, a decrease of -0.05% of from the previous quarter. This position accounts for 0.13% of the $4.37 billion portfolio of Schneider Capital Management. 2) Ruane Cunniff owns 85,827 shares, a decrease of -3.61% of from the previous quarter. This position accounts for 0.02% of the $12.38 billion portfolio of Ruane & Cunniff & Goldfarb Inc. 3) NWQ Managers owns 1,063,376 shares, a decrease of -90.43% of from the previous quarter. This position accounts for 0.09% of the $34.67 billion portfolio of NWQ Investment Management Co.


One Guru Sold Out SFD: Charles Brandes sold out his holdings in the last quater.


Insider Sells : 1) President of Smithfield Packing Co., Joseph W Iv Luter, sold 3,600 shares of SFD stock on 09/18 at $33.00; the price of the stock has decreased by -4.55% since. 2) Director Melvin O. Wright sold 1,500 shares of SFD stock on 07/11 at $29.94; the price of the stock has increased by 5.21% since.


American Financial Group Inc. (AFG): Chairman of the Board Carl H Lindner Bought 149,600 Shares


Chairman of the Board of American Financial Group Inc. (AFG), Carl H. Lindner, bought 50,000 shares of AFG stock last Tuesday at $27.86. Since July, Lindner made six purchases, totaling 418,616 shares at a price range of $27.86 and $29.54.


About: American Financial Group, Inc., through its subsidiaries, underwrites property and casualty insurance products in the United States. It also sells various retirement products, primarily fixed, indexed, and variable annuities; life; and supplemental. American Financial Group Inc. has a market cap of $3.43 billion; its shares were traded at around $28.52 with P/E ratio of 8.59 and P/S ratio of 0.77.


Insider Sell: Director Terry S. Jacobs sold 10,000 shares of AFG stock last Tuesday at the average price of $27.86.


Wilsons the Leather Experts Inc. (WLSN): Director Michael T Sweeney Bought 10,000 Shares; CEO Michael M. Searles Bought 25,000 Shares


Director of Wilsons The Leather Experts Inc. (WLSN), Michael T. Sweeney, bought 10,000 shares of WLSN stock last Tuesday at $1.75. Director Sweeney made two more buys in September: 10,000 shares on 09/11 at $1.75, and 6,644 shares 09/07 at $1.75.


About: Wilsons the Leather Experts, Inc., together with its subsidiaries, operates as a specialty retailer of leather outerwear, accessories, and apparel in the United States. Wilsons The Leather Experts Inc. has a market cap of $66.81 million; its shares were traded at around $1.71 with P/S ratio of 0.23.


Insider Buys since June: 1) CEO Michael M. Searles bought 25,000 shares at $1.77. 2) Director William F. Farley bought a total of 20,000 shares at a price range of $1.60 to $1.93.