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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 financial stocks that insiders are bullish about recently. All companies have at least a $5 billion market cap and were purchased by at least two insiders over the past three months. The market data is sourced from Finviz.

Ticker

Company

YTD Return

No. of Insiders

JPM

JPMorgan Chase & Co.

-17.53%

3

BK

The Bank of New York Mellon

-28.27%

4

AFL

AFLAC Inc.

-17.59%

2

BBT

BB&T Corporation

-7.92%

4

AMP

Ameriprise Financial Inc.

-17.10%

4

STI

SunTrust Banks, Inc.

-33.41%

4

MTB

M&T Bank Corp.

-15.48%

3

SLM

SLM Corporation

14.01%

3

CIT

CIT Group Inc.

-24.37%

2

NYX

NYSE Euronext, Inc.

-8.55%

2

RF

Regions Financial Corp.

-40.23%

4

Here are the stocks on the list with at least $10 billion market cap.

JPMorgan Chase & Co.: JPMorgan Chase is a financial holding company. JPMorgan shares were purchased by three insiders over the past three months and lost 17.53% since the beginning of this year. James Crown, Director at JPMorgan, bought 176,609 shares at $35.0759 on August 11. Crown also purchased 17,500 shares at $34.5 a day earlier. Another director of the company, Laban Jackson, also bought 1,292 shares at $35.4 on August 9. On August 8, CIO of JPMorgan, Ina Drew, bought 492 shares of JPM. JPMorgan is now trading at $34.71. It has a market cap of $133.5B and a P/E ratio of 7.3. John Paulson invested $252 million in JPMorgan shares at the end of June.

The Bank of New York Mellon Corporation (NYSE:BK): BNY Mellon is a global financial services company. BNY Mellon shares were purchased by four insiders over the past three months and lost 28.27% since the beginning of this year. In early September, Wesley Schack Von, Thomas Gibbons, and Gerald Hassell bought 20,000 shares, 25,000 shares and 50,000 shares respectively at around $20 per share. Curtis Arledge, Vice Chairman of the company, bought 52,000 shares at $19.6 on August 10. The stock is now trading at $21.55. It has a market cap of $26.2B and a P/E ratio of 9.8. Jean-Marie Eveillard had over $400 million invested in BNY Mellon.

AFLAC Inc. (NYSE:AFL): AFLAC’s principal business is supplemental health and life insurance. AFLAC shares were purchased by two insiders over the past three months and lost 17.59% since the beginning of this year. On September 26, Gary David Thompson, Director at AFLAC, bought 5,000 shares at $31.5. Another director of the company, Stephen Purdom also bought 10,000 shares at $35.2 on September 20. The stock is now trading at $46.07. It has a market cap of $21.3B and a P/E ratio of 11.55. Robert Pohly and Bill Miller both invested more than $120 million in AFLAC.

BB&T Corporation (NYSE:BBT): BB&T Corporation is a financial holding company conducts its business operations primarily through its commercial banking subsidiary, Branch Banking and Trust Company. BB&T shares were purchased by four insiders over the past three months and lost 7.92% since the beginning of this year. David Boyer bought 825 shares of BB&T at $23.058 on October 26. Boyer also purchased 800 shares at $25.887 in late July. In late August, another director at BB&T, Littleton Glover, bought 2,500 shares at $20.768. Thomas Skains and Daryl Bible also bought 7,500 shares in total at slightly above $20 on August 10. The stock is now trading at $24.01. It has a market cap of $16.5B and a P/E ratio of 15.04. Jean-Marie Eveillard invested $275 million in BB&T as of June 30, 2011.

Ameriprise Financial Inc. (NYSE:AMP): Ameriprise Financial provides financial planning, products and services. Ameriprise shares were purchased by four insiders over the past three months and lost 17.10% since the beginning of this year. The most recent purchase was from its director, Francis Robert Sharpe, who bought 12,000 shares at $45.1283 and another 4,000 shares at $46.6716 on November 3. On September 19, Edward Joseph Sweeney bought 50 shares at $43.16. Two other insiders, Jay Sarles and Lon Greenberg, bought 5,070 shares in total at around $40 per share in late August. The stock is now trading at $48.15. It has a market cap of $10.7B and a P/E ratio of 9.86. Ken Griffin also had $61 million of Ameriprise stocks.

SunTrust Banks, Inc. (NYSE:STI): SunTrust is a commercial banking organization. SunTrust shares were purchased by four insiders over the past three months and lost 33.41% since the beginning of this year. Kyle Legg bought 1,200 shares at $17.806 on August 11. A day earlier, Aleem Gillani purchased 5,400 shares at around $18, William Linnerbringer bought 2,600 shares at $18.1, and David Ratcliffe bought 20,000 shares. The stock is now trading at $19.85. It has a market cap of $10.5B and a P/E ratio of 19.21. John Paulson had $800+ million invested in STI shares. Ken Griffin’s Citadel Investment Group also had about $50 million of SunTrust stocks.

Source: 11 Financial Stocks Insiders Are Crazy About