Seeking Alpha
Newsletter provider, fund holdings, insider ownership
Profile| Send Message|
( followers)  

Corporate insiders sometimes trade based on the material non-public information they have. Other times they have an edge because they know their companies and industries much better than almost all other investors. We believe that by imitating the investments of corporate insiders, investors are more likely to beat the market in the long term.

Below we compiled a list of 10 large cap stocks that insiders are bullish about right now. All companies were purchased by at least one insider over the past five trading days.

Procter & Gamble Co. (NYSE:PG): Procter & Gamble is focused on providing consumer packaged goods. PG was purchased by one insider over the past five trading days. Robert Mcdonald bought 6,299 shares at $64.78 on October 31. Mcdonald also purchased 1,278 shares at $64.572 in late April this year. Now the stock is trading at $63.21. It has a market cap of $173.9B, a P/E ratio of 16.04, and returned 1.44% since the beginning of this year. D. E. Shaw had nearly $300 million of PG at the end of June.

Celgene Corporation (NASDAQ:CELG): Celgene Corporation is a global integrated biopharmaceutical company. CELG was purchased by one insider over the past five trading days. On October 31, Rodman Drake bought 500 shares at $64.6912. Drake also purchased 1,000 shares in August. Now the stock is trading at $64.14. It has a market cap of $29.4B, a P/E ratio of 26.84, and returned 8.45% since the beginning of this year.

Best Buy Co. Inc. (NYSE:BBY): Best Buy is a multinational retailer of consumer electronics, home office products, entertainment products, appliances and related services. BBY was purchased by one insider over the past five trading days. On the first day of November, Lisa Caputo bought 358 shares at $25.4. Caputo bought over 2,000 shares in total this year. Now the stock is trading at $27.01. It has a market cap of $9.8B, a P/E ratio of 9.09, and lost 19.95% since the beginning of this year. Bill Miller is another main holder of BBY.

SLM Corporation (NASDAQ:SLM): SLM Corporation originates, services and collects loans made to students and their parents to finance the cost of their education. SLM was purchased by one insider over the past five trading days. Ronald Hunt bought 1,800 shares at $42 at the end of October. Now the stock is trading at $14.1. It has a market cap of $7.3B, a P/E ratio of 13.43, and returned 13.53% since the beginning of this year. Leon Cooperman had over $300 million invested in the stock.

Valhi, Inc. (NYSE:VHI): Valhi operates in three business segments: chemicals, component products and waste management. VHI was purchased by one insider over the past five trading days. Harold Simmons bought 3,272 shares at $58 and 1,728 shares at $57.5 on November 1st. A day earlier, Simmons bought another 5,000 shares at $58.25. He continuously increased his position in the stock in the past few months. Now the stock is trading at $60.32. It has a market cap of $6.8B, a P/E ratio of 56.37, and returned 175.31% since the beginning of this year.

Flowserve Corp. (NYSE:FLS): Flowserve is a manufacturer and aftermarket service provider of flow control systems. FLS was purchased by one insider over the past five trading days. Mark Blinn, director of Flowserve, bought 4,600 shares at $91.1167 and 2,400 shares at $91.8026 on November 1. Now the stock is trading at $99.05. It has a market cap of $5.5B, a P/E ratio of 13.4, and lost 16.12% since the beginning of this year. Israel Englander had $10 million invested in FLS.

Huntington Bancshares Inc. (NASDAQ:HBAN): Huntington Bancshares is a bank holding company. HBAN was purchased by one insider over the past five trading days. Stephen Steinour bought 11,918 shares in total at around $5.37 per share on October 31. Now the stock is trading at $5.3. It has a market cap of $4.6B, a P/E ratio of 10.6, and lost 21.94% since the beginning of this year. Ric Dillon invested $15 million in the stock.

CARBO Ceramics Inc. (NYSE:CRR): CRR was bought by one insider over the past five trading days. Randy Limbacher bought 1,000 shares at $138.75 on October 31. Now the stock is trading at $146.76. It has a market cap of $3.4, a P/E ratio of 28.78, and returned 42.64% since the beginning of this year.

E*Trade Financial Corporation (NASDAQ:ETFC): E*Trade is a financial services company that provides online brokerage and related products and services to the individual retail investors. ETFC was purchased by one insider during the past five trading days. Citadel bought 5,200 shares at $10.22 on November 2 and 4,500 shares at $10.865 on October 31. Prior to that, Citadel also purchased 2,500 shares at $11.6 on October 28 and 1,200 shares at $11.32 on October 27. Now the stock is trading at $10.65. It has a market cap of $3.0B, a P/E ratio of 23.67, and lost 33.44% since the beginning of this year.

Amerigroup Corporation (AGP): Amerigroup Corporation is a healthcare company focused on serving people who receive healthcare benefits through publicly funded healthcare programs. AGP was bought by one insider over the past five trading days. John Snow bought 5,000 shares at $53.41 on November 1. Now the stock is trading at $57.19. It has a market cap of $2.8B, a P/E ratio of 12.04, and returned 30.21% since the beginning of this year. Jim Simons had $60 million invested in AGP shares.

Source: Insiders Are Bullish About These Stocks Right Now