Weekly Top Insider Buys: American Express Company, EOG Resources Inc., American Water Works Company Inc., Genworth Financial Inc., and Strayer Education Inc.

Weekly Top Insider Buys

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guruek
Jun 07, 2009
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Weekly highlight of top insider buys: American Express Company (AXP, Financial), EOG Resources Inc. (EOG, Financial), American Water Works Company Inc. (AWK, Financial), Genworth Financial Inc. (GNW, Financial), and Strayer Education Inc. (STRA, Financial)

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

American Express Company (AXP, Financial): Director Peter Chernin Bought 8,000 Shares

Director of American Express Company, Peter Chernin, bought 8,000 shares on 6/04/2009 at an average price of $24.95.

American Express Company provides travel related services, financial advisory services, and international banking services throughout the world. American Express Company has a market cap of $28.93 billion; its shares were traded at around $24.95 with a P/E ratio of 13.6 and P/S ratio of 1. The dividend yield of American Express Company stocks is 2.8%. American Express Company had an annual average earning growth of 1.3% over the past 10 years.

On April 23, 2009, American Express Company reported first-quarter income from continuing operations of $443 million, down 58 percent from $1.0 billion a year ago. Net income totaled $437 million for the quarter, down 56 percent from a year ago.

American Express Company is owned by Charles Brandes , Bruce Berkowitz, Brian Rogers, Glenn Greenberg , John Rogers, Mark Hillman , Ron Baron, Arnold Van Den Berg , Jean-Marie Eveillard, Ruane Cunniff , Warren Buffett, Tom Gayner , Wallace Weitz, Donald Yacktman, Hotchkis & Wiley, Dodge & Cox , David Drenam, Chris Davis, John Keeley, and Tweedy Browne .

Last week, Buy: Director Peter Chernin bought 8,000 shares of AXP stock and the price has decreased by 0.64%. Several other directors bought shares in February and January.

EOG Resources Inc. (EOG, Financial): Director H Leighton Steward Bought 10,230 Shares

Director of EOG Resources Inc., H Leighton, Steward bought 10,230 shares on 6/03/2009 at an average price of $73.51.

EOG Resources Inc. is engaged in the exploration, development, production, and marketing of natural gas and crude oil primarily in major producing basins in the United States as well as in Canada and Trinidad. The company's business strategy is to maximize the rate of return on investment of capital by controlling all operating and capital costs. EOG Resources Inc. has a market cap of $18.4 billion; its shares were traded at around $73.51 with a P/E ratio of 11.9 and P/S ratio of 2.6. The dividend yield of EOG Resources Inc. stocks is 0.8%. EOG Resources Inc. had an annual average earning growth of 24.5% over the past 10 years. GuruFocus rated EOG Resources Inc. the business predictability rank of 4.5-star.

On Monday, May 4, 2009, EOG Resources, Inc. reported first quarter 2009 net income available to common stockholders of $158.7 million, or $0.63 per share. This compares to first quarter 2008 net income available to common stockholders of $240.5 million, or $0.96 per share.

EOG Resources Inc. is owned by five Gurus. They are Wallace Weitz , PRIMECAP Management, Kenneth Fisher, NWQ Managers , and Chris Davis.

Buy: Director H Leighton Steward bought 10,230 shares last week. The price of the stock has increased by 2.03% since. Sell: Director Charles R Crisp sold shares in May and Sell: Director Frank G Wisner sold shares in March; he also sold shares in January.

American Water Works Company Inc. (AWK, Financial): SVP, General Counsel & Sec. George W Patrick Bought 20,000 Shares

SVP, General Counsel & Sec. of American Water Works Company Inc., George W Patrick, bought 20,000 shares on 6/02/2009 at an average price of $17.43.

American Water Works Company Inc. is the largest investor-owned U.S. water and wastewater utility company. With headquarters in Voorhees, N.J., the company employs nearly seven thousand dedicated professionals who provide drinking water wastewater and other related services to approximately 15.6 million people in 32 states and Ontario Canada. American Water Works Company Inc. has a market cap of $3.18 billion; its shares were traded at around $17.43 . The dividend yield of American Water Works Company Inc. stocks is 3.6%.

The company recently reported operating revenues of $550.2 million for the quarter ended March 31, 2009, an 8.6 percent increase or $43.4 million over the same period in 2008. Net income rose substantially to $29.9 million compared with $6.0 million, or $0.04 per share in the first quarter of 2008.

On 6/02/09, Buy: SVP, General Counsel & Sec. George W Patrick bought 20,000 shares of AWK stock; the price of the stock has increased by 3.87% since.

Genworth Financial Inc. (GNW, Financial): SVP - Corporate Development Joseph Pehota Bought 2,000 Shares

SVP - Corporate Development of Genworth Financial Inc., Joseph Pehota, bought 2,000 shares on 6/01/2009 at an average price of $6.67.

Genworth Financial is a leading insurance company in the U.S. with an expanding international presence that serves the life and lifestyle protection, retirement income, investment and mortgage insurance needs of their customers. They distribute their products and services through an extensive and diversified distribution network that includes financial intermediaries independent producers and dedicated sales specialists. Genworth Financial Inc. has a market cap of $2.89 billion; its shares were traded at around $6.67 with a P/E ratio of 12.1 and P/S ratio of 0.3.

On May 7, 2009, Genworth Financial, Inc. reported a net loss for the first quarter of 2009 of $469 million, compared with net income of $116 million in the first quarter of 2008. Net operating income for the first quarter of 2009 was $14 million, compared with $244 million.

Genworth Financial Inc. is in the portfolios of David Dreman , Edward Lampert, Dodge & Cox , Hotckis & Wiley, NWQ Managers, John Keeley, and George Soros .

Last week, Buy: SVP - Corporate Development Joseph Pehota bought 2,000 shares of GNW stock. The price of the stock has increased by 4.55% since. Buy: Director Risa J Lavizzo-mourey bought 10,000 shares in May; in February, Buy: Director James A Parke and Buy: Director James A Parke both bought shares. Sell: EXECUTIVE VICE PRES - GENWORTH Pamela S Schutz sold 8,887 shares last month.

Strayer Education Inc. (STRA, Financial): Director Todd A Milano Bought 1,100 Shares

Director of Strayer Education Inc., Todd A Milano, bought 1,100 shares on 5/28/2009 at an average price of $195.43.

Strayer Education Inc. has a market cap of $2.76 billion; its shares were traded at around $195.43 with a P/E ratio of 32 and P/S ratio of 7. The dividend yield of Strayer Education Inc. stocks is 1%. Strayer Education Inc. had an annual average earning growth of 19% over the past 10 years. GuruFocus rated Strayer Education Inc. the business predictability rank of 3-star.

Strayer Edulcation Inc. recently announced results for the three months ended March 21, 2009. Revenues increased 28% to $124.5 million, compared to $97.1 million for the same period in 2008. Income from operations was $47.6 million compared to $35.6 million for the same period in 2008, an increase of 34%.

Strayer Education Inc. is owned by three Gurus- Steve Mandel , Lee Ainslie, and Ron Baron .

Last month, Buy: Director Todd A Milano bought 1,100 shares and the price increased by 9.01%; Buy: Director Robert R Grusky bought shares in both March and February. Both Sell: Sr. VP Corporate Communication Sonya G Udler and Sell: Senior VP and General Counsel Gregory Ferenbach sold shares in May.


  • 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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