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Weekly Top Insider Buys: BancorpSouth Inc., Liberty Global Inc., White Mountains Insurance Group Ltd., Boardwalk Pipeline Partners LP, Coventry Health Care Inc.

June 29, 2008 | About:

Weekly highlight of top insider buys. Companies of the Week: BancorpSouth Inc. (BXS), Liberty Global Inc. (LBTYA), White Mountains Insurance Group Ltd. (WTM), Boardwalk Pipeline Partners LP (BWP), Coventry Health Care Inc. (CVH).

BancorpSouth Inc. (BXS): Director Hassell Henry Franklin Bought 100,000 Shares

BancorpSouth, Inc. (BXS), a financial holding company for BancorpSouth Bank, announced a 5% rise in profits to $35 million or $0.43 for the quarter, from $33 million or $0.42. Write-downs for the quarter totaled $10 million compared to a prior $1.3 million.

Director Hassell Henry Franklin bought 100,000 shares on 6/24/08 at $18.42; Director James Elbert Campbell III bought 5,362 shares at $18.65; and Director Alan Walter Perry bought 5,000 shares at $20.26.

Executive Vice President Gordon Ray Lewis sold 1,188 shares on 1/31/08 at $24.17.

BancorpSouth Inc. has a market cap of $1.52 billion; its shares were traded at around $18.42 with a P/E ratio of 10.89 and P/S ratio of 2.35. The dividend yield of BancorpSouth Inc. stocks is 4.29%.

Liberty Global Inc. (LBTYA): Director Paul A. Gould Bought 30,000 Shares

Liberty Global, Inc. (LBTYA) provides video, voice, and broadband Internet services worldwide focusing primarily on Europe, Japan, and Chile. The company’s quarterly loss increased 14.3% to $155.6 million or $0.45 compared to a loss of $136.1 million, despite revenue rise of 23% to $2.61 billion. Liberty bought back $910 million in company shares, and plans to buy back another $500 million.

Director of Liberty Global Inc. Paul A. Gould bought 30,000 shares during the past week at $32.08. Since March, Director Gould bought a total of 78,000 shares at $31.24 to $33.31.

SV President & Co-CFO Charles H. R. Bracken sold 28,769 shares on 6/9/08 at $34.39, and Director David E. Rapley sold 2,105 shares on 3/27/08 at $33.86.

Liberty Global Inc. has a market cap of $10.55 billion; its shares were traded at around $32.08 with P/S ratio of 1.09.

White Mountains Insurance Group Ltd. (WTM): Chairman of the Board Raymond Joseph Rene Barrette Bought 2,000 Shares

White Mountains Insurance Group, Ltd. (WTM), property and casualty insurer sets the quarterly dividend at $2 per share. Esurance is also a subsidiary of White Mountains Insurance, which sells auto insurance through online and online agents.

Dodge & Cox, Bruce Berkowitz, Chris Davis, Martin Whitman, Tom Gayner, and Martin Whitman own shares in White Mountains Insurance. Michael Price sold out his holdings in the quarter that ended on 3/31/08.

Chairman of the Board Raymond Joseph Rene Barrette bought 2,000 shares on 6/20/08 at $443.30. Also, Chairman Barrette bought another 2,000 shares on 3/12/08 at $460.35. CEO Allan Lewis Waters bought 1,000 shares at $456.50, and VP Robert Lawrence Seelig bought 500 shares.

President and Director Morgan W. Davis sold 200 shares on 3/28/08 at $477.27.

White Mountains Insurance Group Ltd. has a market cap of $4.65 billion; its shares were traded at around $440 with a P/E ratio of 18.19 and P/S ratio of 1.03. The dividend yield of White Mountains Insurance Group Ltd. stocks is 1.82%.

Boardwalk Pipeline Partners LP (BWP): Director Andrew H. Tisch Bought 13,551 Shares

Boardwalk Pipeline Partners, LP (BWP) engages in the interstate transportation and storage of natural gas. The company plans to sell 10 million shares of common stock. Boardwalk’s profit for the quarter increased 10%, on one time settlement gain of $11.2 million, new transportation contracts, and higher sales. The company earned $88.1 million or $0.60 a share compared to $80.2 million; revenue also rose 5% to $197.3 million.

Director Andrew H. Tisch bought 13,551 shares of BWP stock on 6/20/08 at $23.99.

Boardwalk Pipeline Partners LP has a market cap of $2.97 billion; its shares were traded at around $24.02 with a P/E ratio of 12.86 and P/S ratio of 4.57. The dividend yield of Boardwalk Pipeline Partners LP stocks is 7.75%.

Coventry Health Care Inc. (CVH): Director Rodman Moorhead Bought 10,000 Shares

Healthcare manager, Coventry Health Care, Inc. (CVH), lowered their second quarter earnings from $0.55 to $0.57 per share, which is lower than the expected $0.78 per share; as a result the company share prices dropped 23% last week. All companies in the same sector have lowered their earnings for 2008, as medical expenses increase. Coventry expects medical costs to rise 9% this year.

Edward Owens and Richard Snow own shares in Coventry Health Care Inc.

Director Rodman Moorhead bought 10,000 shares on 6/23/08 at $30.99. VP Patrisha L. Davis and Director John H. Austin bought 3,500 shares, and 5,000 shares, respectively at around $40 per share.

CEO, Director Dale B. Wolf sold a total of 30,000 shares 2/19/08 at $54.78; and EVP Francis S. Soistman Jr. sold 30,000 shares on 5/14/08 at $43.37.

Coventry Health Care Inc. has a market cap of $4.7 billion; its shares were traded at around $31.02 with a P/E ratio of 7.69 and P/S ratio of 0.43.


  • 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.

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