Stock message boards
MNV
Market News Video
MNV MNV The 10 Most Popular Large-Caps in ETFs
MNV
MNV
MNV
MNV
MNV
MNV
MNV
Free Dividend Report - Top Ranked Stocks

Featured MNV Articles:

Top Buys by Directors: Wong's $191.2K Bet on Alleghany
Thursday, September 25, 3:44 PM ET, by Market News Video Staff

The directors of a company tend to have a unique inside view into the business, ...

Notable Two Hundred Day Moving Average Cross - AFG
Wednesday, October 1, 4:24 PM ET, by Market News Video Staff

In trading on Wednesday, shares of American Financial Group Inc (AFG) crossed below their 200 ...

RSI Alert: Unum Group Now Oversold
Thursday, October 2, 12:26 PM ET, by Market News Video Staff

The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, ...

Aon Becomes Oversold (AON)
Wednesday, October 8, 12:56 PM ET, by Market News Video Staff

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...

Alleghany Larger Than S&P 500 Component Quanta Services
Friday, October 10, 4:45 PM ET, by Market News Video Staff

In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Alleghany ...

  More articles:  1 2 3 4 5 6 7 next »

Top Buys by Top Brass: Executive Vice President Brandon's $1.6M Bet on Y

By Market News Video Staff, Monday, February 4, 10:58 AM ET
Play Video: One Reason For Insiders to Buy


If the video does not load after a few moments, Upgrade to the Latest Flash Player.

A company's own top management tend to have the best inside view into the business, so when company officers make major buys, investors are wise to take notice. Presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by the ''top brass'' over the trailing six month period, one of which was a total of $1.6M invested across 6 purchases by Joseph Patrick Brandon, Executive Vice President at Alleghany Corp. (NYSE:Y).

Brandon bets big on Y:

Purchased Insider Title Shares Price/Share Value
08/15/2012 Joseph Patrick Brandon Executive Vice President 600 $336.86 $202,117.95
08/17/2012 Joseph Patrick Brandon Executive Vice President 600 $335.09 $201,053.00
08/22/2012 Joseph Patrick Brandon Executive Vice President 500 $333.70 $166,850.00
08/27/2012 Joseph Patrick Brandon Executive Vice President 1,506 $330.98 $498,449.00
08/30/2012 Joseph Patrick Brandon Executive Vice President 1,000 $334.25 $334,247.00
08/31/2012 Joseph Patrick Brandon Executive Vice President 500 $336.13 $168,064.85

Brandon's average cost works out to $333.78/share. Shares of Alleghany Corp. were changing hands at $365.00 at last check, trading up about 0.1% on Monday. The chart below shows the one year performance of Y shares, versus its 200 day moving average:

Alleghany Corp. Chart

Looking at the chart above, Y's low point in its 52 week range is $296.17 per share, with $367.78 as the 52 week high point that compares with a last trade of $365.00.

According to the ETF Finder at ETF Channel, Y makes up 2.40% of the SPDR S&P Insurance ETF (AMEX:KIE) which is trading lower by about 0.4% on the day Monday.

See what other ETFs contain Y
See what other stocks are held by KIE


Special Offer: Free Sample Issue to the Preferred Stock List Newsletter plus 20% OFF your subscription


Top Six Most Viewed Stories This Week @ Market News Video:

This Article's Word Cloud:   Alleghany   Brandon   Corp   Definition   ETFs   Executive   Importance   Insider   Joseph   Monday   Patrick   Preferred   President   Price   Share   Shares   Stock   Value   Vice   about   average   both   business   buys   changing   chart   company   earned   expect   insider   last   make   makes   maybe   other   point   purchases   share   stock   take   that   their   they   trading   view   week   what   which   wise   with
MNV
MNV
About Us - Advertise - Contact Us - Embedding Videos - Licensing Videos - Partners - mRSS / RSS Feed - Terms of Use - Privacy Policy - Video Widget
MNV
Home  |  Analyst News  Dividend Report  ETFs  Insider Report  Large Caps  Market Movers  Week Ahead Report  Weekly Market Wrap
MNV
MNV MNV Chart Zero Stock Market Game Stock Market Definitions
MNV

Top Buys by Top Brass: Executive Vice President Brandon's $1.6M Bet on Y | Market News Video | Copyright © 2008 - 2014, All Rights Reserved

Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners. In no way should any content contained herein be interpreted to represent trading or investment advice. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.