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There are many indicators I use when analyzing a stock. One is unusual option activity. Another indicator I look for are relatively cheap dividend stocks. Finally, another strong indicator is insider buying, such as the ones I recently described here and these ones below:

PolyOne (NYSE:POL) provides specialized polymer materials, services, and solutions with operations in thermoplastic compounds, specialty polymer formulations, color and additive systems, thermoplastic resin distribution, and specialty polyvinyl chloride resins. On Oct. 28, board director Howard Powell bought 10,000 shares on the open market. The company looks reasonably cheap at a trailing 4.4x P/E, forward 9.8x P/E, .4x P/S and EV/S, 4.6x EV/EBITDA, and 1.5% dividend yield. I'd follow Mr. Powell and be bullish on POL at these levels.

Old Republic International (NYSE:ORI), through its subsidiaries, engages in insurance underwriting business. On Oct. 31, Chairman and CEO Aldo Zucaro bought 10,000 shares on the open market. This company has definitely been experiencing headwinds as housing continues to struggle, but is showing great value at .5x P/S, .4x EV/S, .6x P/B, and consistently growing 8.2% dividend yield. Moreover, this company looks to turn profitable again this upcoming year and while investors wait, they can collect a great dividend.

Vistaprint N.V. (NASDAQ:VPRT) operates as an online provider of marketing products and services to micro businesses worldwide. On Oct. 28, major shareholder Thomas Smith bought another 21,649 shares bringing his total ownership to over 3.5M shares. The stock looks decently priced at a trailing 20x P/E, forward 16.8x P/E, 1x PEG, 1.5x EV/S, and no debt on their balance sheet with over $4/share in net cash. Moreover, VPRT just pre-announced that revenues will exceed estimates this upcoming quarter. This company looks to have rebound nicely after a brutal quarter and so I'd follow Mr. Smith here and be a buyer.

Office Depot (NASDAQ:ODP), together with its subsidiaries, supplies office products and services. On Oct. 31, board director Scott Hedrick bought 50,000 shares. This stock is sitting right near its lows and has some attractive valuations at .1x P/S and EV/S, 3.1x EV/EBITDA, and .9x P/B. However, the company lost just over $60M in net income this past year and had a negative 2.2% return on equity. Either way, I see that it had $35M in FCF this past year and analysts expect them to return to profitability this upcoming year. With that, the favorable valuations, and strong insider buying, I think ODP is worth a buy.

Huntington Bancshares (NASDAQ:HBAN) operates as the holding company for The Huntington National Bank that provides commercial and consumer banking services. On Oct. 31, Chairman, CEO, and Pres. Stephen Steinour bought 11,918 shares with his current ownership over 2.2M shares now. The stock looks enticing at these depressed levels trading at .9x P/B, .7x PEG, trailing 10.4x P/E, forward 8.7x P/E, and respectable ROA and ROE's of 1% and 9.8% respectively. Add in how they quadrupled their dividend this quarter bringing it to a nice 3.2% dividend yield and I think HBAN is a solid buy.

Synovus Financial (NYSE:SNV), a diversified financial services and bank holding company, provides commercial and retail banking, financial management, insurance, and mortgage services. On Nov. 1, board director James Blanchard bought 70,000 shares on the open market. The company has enticing valuations trading at .6x P/B, .1x EV/S, and 2.9% dividend yield. Moreover, while the company lost a sizeable $523M in net income this past year, SNV had FCF of just over $900M, and analysts expect them to return to profitability this upcoming year. I believe the risk/reward is favorable and I'd be a buyer of SNV.

The Coca-Cola Company (NYSE:KO) manufactures, distributes, and markets nonalcoholic beverages worldwide. On Nov. 1, board director Barry Diller bought 100,000 shares on the open market. KO is a great long-term dividend holding as it has a consistently growing 2.8% dividend yield, and the stock itself is trading at a reasonable 12.6x Trailing P/E, forward 16.5x P/E, had over $7B in FCF this past year, and has fantastic operating margins of 22% and ROE of 41%. I'd follow Mr. Diller and be a buyer of KO.

Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in ORI, ODP, KO, SNV over the next 72 hours.

Source: Strong Insider Buying In These Stocks Should Be A Buy Signal