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Monday 12/11 Insider Buying Report: NLY, AGII
Monday, December 11, 10:30 AM ET

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.

On Thursday, Annaly Capital Management (NYSE:NLY)'s Chairman of Board/Exec. Chair., Wellington Denahan, made a $1.5M purchase of NLY, buying 125,280 shares at a cost of $11.97 each. Annaly Capital Management is trading up about 0.3% on the day Monday. This buy marks the first one filed by Denahan in the past twelve months.

And at Argo Group International Holdings (NASDAQ:AGII), there was insider buying on Wednesday, by Director Gary V. Woods who purchased 20,000 shares at a cost of $61.28 each, for a total investment of $1.23M. This purchase marks the first one filed by Woods in the past year. Argo Group International Holdings is trading up about 0.6% on the day Monday.

For MarketNewsVideo.com, I'm Sayoko Murase.

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