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Top Insider Trades 2/28/14: AGCO, HLF, LB, ANF

|Includes:AGCO Corporation (AGCO), ANF, HLF, LB

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In a victory for common sense, the trading behavior of company executives, directors, and large shareholders in the stocks of firms they're registered "insiders" at have been proven profitable to monitor by both academic studies and (more importantly) the experience of professional investors.

Below are lists of the top 10 mainly open-market insider purchases and sales filed at the Securities and Exchange Commission Friday, February 28, 2014 as ranked by dollar value.

Please note, however, that these are factual lists (with edits to remove some noise), not buy and sell recommendations. Dollar value is only one metric to assess the importance of an insider transaction, and, frankly, often not even the most important metric that determines if an insider transaction is significant.

We should also point out that we are presently in a slow filing time for insiders because many companies still have their trading windows closed to their executives until their June quarter earnings are released.

But at, we find new investment ideas just about every day using these and more intricate insider screens to determine where we should focus our subsequent fundamental and technical analysis. And while stocks don't (or shouldn't) move up or down based on insider activity alone, insiders tend to be good indicators of when real stock-moving events like earnings surprises, corporate actions, and new products may be in the offing.

So use these regular blog posts as the initial research tools they are meant to be, and click the links in the tables to analyze a company's or insider's full insider history. Also feel free to email with any questions on our proprietary insider data, and how it is best analyzed.

Insider Purchases
Filer Name Insider Titles Company Name Ticker Trans
Dollar Value
Srinivasan Mallika DIR AGCO AGCO AB $17,954,684
Icahn Carl C BO Herbalife HLF B $2,225,396
Steinour Stephen DIR L Brands LB B $563,480
Martinez Arthur C DIR Abercrombie & Fitch ANF B $393,500
Segner Edmund DIR Midcoast Energy MEP B,JB* $250,199
Gibbons Judy DIR Michael Kors KORS B $198,339
Travis Nigel DIR Office Depot ODP B $197,888
Keisling James G DIR Peoples Financial PFIS B $169,794
Frost Phillip Md CEO,CB,BO Opko Health OPK B $136,712
Leeds Jeffrey T DIR Realpage RP B $100,380
Click to enlarge

Source: | Key to Insider Title and Trans Type Codes

Insider Sales
Filer Name Insider Titles Company Name Ticker Trans
Dollar Value
Sandell Scott D DIR,BO Tableau Software DATA S $18,047,468
Barrett M James BO Tableau Software DATA S $17,916,055
Steinhardt Michael DIR,BO Wisdomtree Inv WETF S $12,597,024
Van Den Broek R DIR Pharmacyclics PCYC S $11,559,656
Steelhead Partners O Endeavour Intl END S $9,217,843
Wallace Timothy R CB,CEO,PR Trinity Industries TRN S $6,359,400
Case Gregory C CEO,DIR AON AON S $5,606,255
Saville Paul C CEO NVR NVR S $4,726,280
Sarvary Mark A CEO,PR,DIR Tempur Sealy Intl TPX AS $3,248,088
Hilton Steven J CEO Meritage Homes MTH S $2,458,500
Click to enlarge

Source: | Key to Insider Title and Trans Type Codes

Stocks: AGCO, HLF, LB, ANF