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Top Insider Trades 4/30/14: SONS, CINF, MVC, HERO

|Includes: CINF, Sonus Networks, Inc. (SONS)

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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 Wednesday, April 30, 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
Celgene Euro Inv BO Agios Pharm AGIO JB* $12,971,200
Dolan Raymond P CEO,PR,DIR Sonus Networks SONS B $2,982,800
Osborn David P DIR Cincinnati Financial CINF B $242,108
Pleasant Lake Part BO Famous Daves DAVE B $224,730
Goldstein Phillip DIR MVC Capital MVC B $220,338
Dorey William G DIR Astec Industries ASTE B $199,050
Cim Svc Provider BO Cim Commercial Tr PMCT JB* $142,984
Webster Steven A DIR Hercules Offshore HERO B $108,678
Morris James M II DIR Southwest Bancorp OKSB B $100,740
Maraganore John DIR Agios Pharm AGIO JB* $99,000

Source: | Key to Insider Title and Trans Type Codes

Insider Sales
Filer Name Insider Titles Company Name Ticker Trans
Dollar Value
Brown Williamson BO Reynolds Amer RAI JS* $21,917,680
Lilly Endowment BO Lilly Eli LLY S $11,886,000
Taranto Joseph V CB,DIR Everest Re RE S $5,646,202
Nelms David W CB,CEO Discover Finl DFS S $5,582,000
Sloan Timothy J VP,CFO Wells Fargo WFC S $3,892,000
Monaghan Craig T CEO,DIR Asbury Automotive ABG S $3,616,142
McCormack Robert DIR Illinois Tool ITW S $2,426,585
Bitzer Marc R PR Whirlpool WHR S $2,346,983
Talwar Harit VP Discover Finl DFS S $2,004,480
Jeffries Michael S CEO,DIR Abercrombie & Fitch ANF AS $1,823,320

Source: | Key to Insider Title and Trans Type Codes