Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned cash to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.
At CNO Financial Group, a filing with the SEC revealed that on Thursday, Director Steven E. Shebik bought 12,500 shares of CNO, for a cost of $21.91 each, for a total investment of $273,821. So far Shebik is in the green, up about 3.4% on their purchase based on today's trading high of $22.64. CNO Financial Group is trading up about 1.1% on the day Tuesday.
And on Friday, Director Robert S. Singer bought $270,980 worth of Keurig Dr Pepper, buying 8,500 shares at a cost of $31.88 a piece. Before this latest buy, Singer purchased KDP at 2 other times during the past year, for a total cost of $51,825 at an average of $34.55 per share. Keurig Dr Pepper is trading up about 0.4% on the day Tuesday.
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