Weekly CEO Buys Highlight: DGX, HIG, VOCS, PKY, SFLY

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May 13, 2012
According to GuruFocus Insider Data, these are the largest CEO buys during the past week. The overall trend of CEOs is illustrated in the chart below:


Quest Diagnostic (DGX, Financial): President and CEO Stephen H Rusckowski Bought 20,000 Shares


President and CEO of Quest Diagnostic (DGX) Stephen H Rusckowski bought 20,000 shares on 05/08/2012 at an average price of $57.21. Quest Diagnostics Inc., is the provider of diagnostic testing, information and services that patients and doctors need to make better healthcare decisions. Quest Diagnostic has a market cap of $9.15 billion; its shares were traded at around $57.21 with a P/E ratio of 12.6 and P/S ratio of 1.2. The dividend yield of Quest Diagnostic stocks is 1.2%. Quest Diagnostic had an annual average earnings growth of 11.4% over the past 10 years. GuruFocus rated Quest Diagnostic the business predictability rank of 3.5-star.


Quest Diagnostic recently reported that for the first quarter ended March 31, 2012, adjusted income from continuing operations was $171 million, or $1.07 per diluted share, compared to $164 million, or $1.00 per diluted share, in 2011.


Edward Owens owns 6,185,400 shares as of 03/31/2012, which accounts for 1.8% of the $20.91 billion portfolio of Vanguard Health Care Fund. Brian Rogers owns 2,200,000 shares as of 03/31/2012, which accounts for 0.59% of the $22.72 billion portfolio of T Rowe Price Equity Income Fund.


SVP & CFO Robert Hagemann sold 46,666 shares of DGX stock on 04/02/2012 at the average price of 62. Robert Hagemann owns at least 156,337 shares after this. The price of the stock has decreased by 7.73% since. Other insiders have also reduced their positions in the company.


Hartford Fin Sv (HIG, Financial): Chairman, President and CEO Liam E Mcgee Bought 50,176 Shares


Chairman, President and CEO of Hartford Fin Sv (HIG) Liam E Mcgee bought 50,176 shares during the past week at an average price of $19.73. Hartford Financial Services is one of the nation's largest investment and insurance companies, offers a complete line of insurance and financial service products to customers all over the world. Hartford Fin Sv has a market cap of $9.15 billion; its shares were traded at around $19.73 with a P/E ratio of 10.9 and P/S ratio of 0.4. The dividend yield of Hartford Fin Sv stocks is 1.9%.


Ray Dalio owns 802,015 shares as of 12/31/2011, an increase of 141.53% from the previous quarter. This position accounts for 0.22% of the $5.97 billion portfolio of Bridgewater Associates. Chuck Akre owns 607,900 shares as of 12/31/2011, an increase of 102.63% from the previous quarter. This position accounts for 1.5% of the $643 million portfolio of Akre Capital Management, LLC. Jean-Marie Eveillard owns 200 shares as of 12/31/2011, which accounts for less than 0.01% of the $22.79 billion portfolio of First Eagle Investment Management, LLC.


HIG recently reported net income of $96 million, or $0.18 per diluted share for the first quarter of 2012 compared with $501 million, or $0.99 per diluted share, in the first quarter of 2011. First quarter 2012 core earnings rose 7% to $612 million from $574 million in the first quarter of 2011. First quarter 2012 core earnings per diluted share rose 11% to $1.25 compared with $1.13 in the first quarter of 2011.


Director Trevor Fetter bought 5,000 shares of HIG stock on 04/04/2012 at the average price of 20.92. Trevor Fetter owns at least 25,030 shares after this. The price of the stock has decreased by 5.69% since.


Vocus Inc (VOCS, Financial): Chairman, CEO and President Richard E Rudman Bought 60,000 Shares


Chairman, CEO and President of Vocus Inc (VOCS) Richard E Rudman bought 60,000 shares on 05/04/2012 at an average price of $16.63. Vocus, Inc. is a provider of on-demand software for public relations management. Vocus Inc has a market cap of $268.5 million; its shares were traded at around $16.63 with a P/E ratio of 165.5 and P/S ratio of 2.3.


Vocus recently reported its financial results for the first quarter of 2012. GAAP revenue for the first quarter of 2012 was $34.9 million, a 29% increase over the comparable period in 2011.


EVP, CFO and Secretary Stephen A Vintz bought 15,000 shares of VOCS stock on 05/04/2012 at the average price of 15.99. Stephen A Vintz owns at least 113,772 shares after this. The price of the stock has increased by 4% since. There are mixed trades from other insiders.


Parkway Ppty (PKY, Financial): President and CEO James R Heistand Bought 65,000 Shares


President and CEO of Parkway Ppty (PKY) James R Heistand bought 65,000 shares on 05/08/2012 at an average price of $10.74. Parkway Properties, Inc. is a self-administered, self-managed real estate investment trust specializing in the acquisition, ownership, management,financing and leasing of office properties in the Southeastern United States and Texas. Parkway Ppty has a market cap of $221 million; its shares were traded at around $10.74 with a P/E ratio of 5.4 and P/S ratio of 1.3. The dividend yield of Parkway Ppty stocks is 3%.


PKY recently reported its first quarter 2012 results. Net income attributable to common shareholders was $2.0 million, or $0.09 per diluted share, as compared to net loss attributable to common shareholders of $6.8 million or $0.32 per diluted share, for the prior year period.


EVP & CFO Richard G Iv Hickson bought 2,500 shares of PKY stock on 02/10/2012 at the average price of 9.93. Richard G Iv Hickson owns at least 49,735 shares after this. The price of the stock has increased by 8.16% since. Other insiders have also increased their positions in the company.


Shutterfly Inc (SFLY, Financial): PRESIDENT & CEO Jeffrey T Housenbold Bought 20,000 Shares


PRESIDENT & CEO of Shutterfly Inc (SFLY) Jeffrey T Housenbold bought 20,000 shares on 05/08/2012 at an average price of $26.6. Shutterfly, Inc. is an Internet-based social expression and personal publishing service. Shutterfly Inc has a market cap of $1.1 billion; its shares were traded at around $26.6 with a P/E ratio of 59.4 and P/S ratio of 2.3. Shutterfly Inc had an annual average earnings growth of 10.3% over the past 5 years.


Ron Baron owns 250,000 shares as of 12/31/2011, a decrease of 70.27% of from the previous quarter. This position accounts for 0.037% of the $15.45 billion portfolio of Baron Funds.


Director James N White bought 35,000 shares of SFLY stock on 11/30/2011 at the average price of 27.6. James N White owns at least 126,508 shares after this. The price of the stock has decreased by 3.62% since. Other insiders have decreased their positions in the company.