Over the past seven days we’ve seen several large insider buys as well as several coming from the companies’ CEOs. It is interesting to note when a CEO, or even a CFO, buys because these insiders supposedly have the most intimate knowledge of their company's workings.
The following three CEOs each come from various sectors of the market but they each reported multimillion dollar insider (CEO) buys over the past week.
Kinder Morgan (KMI)
On Sept. 9, Chairman and CEO Richard Kinder made a large buy of his company’s stock. The CEO purchased a total of 500,000 shares at an average price of $35.74 per share. This cost Kinder a total of $17.87 million.
Since his buy, the price per share has increased a minor 0.76%. Richard Kinder now holds over 241.87 million shares of his company’s stock. Kinder is the largest shareholder of Kinder Morgan stock. About 35% of the company is owned by insiders of KMI.
Vice President of Human Resources and Administration James Street also made a buy this week; he added 2,750 shares to his stake at an average price of $35.73 per share. The price per share has since increased about 0.78%.
These buys come as the price per share has come down from the high it hit in May.
It is engaged as the energy transportation and storage companies in North America. Kinder Morgan is the largest midstream and the third largest energy company (based on combined enterprise value) in North America.
Kinder Morgan’s historical revenue and net income:
The analysis on Kinder Morgan reports that the revenue has been in decline over the past three years, they have issued $4.8 billion in debt over the past three years and the dividend yield is nearing a three-year high.
The company recently announced that their collaborative project with Valero Energy (VLO) is now fully operational and is transporting petroleum products from refineries in Louisiana to Mississippi.
There are currently eight gurus that hold a position in KMI.
Kinder Morgan has a market cap of $37.14 billion. Its shares are currently trading at around $35.85 with a P/E ratio of 56.40, a P/S ratio of 5.10 and a P/B ratio of 2.70. The dividend yield of Kinder Morgan stock is 4.20%.
Axis Capital Holdings (AXS)
The CEO of Axis Insurance John Gressier made the second largest CEO buy of the week. On Sept. 5 Gressier bought 176,000 shares at an average price of $42.47 per share. This cost the CEO a total of $7,474,720. Since his buy, the price per share has increased about 2.21%. Gressier now holds on to a total of 375,375 shares of company stock.
Gressier’s buy is the first insider transaction since May and the first insider buy since August 2012.
Through its various operating subsidiaries and branches, Axis Insurance provides a range of insurance and reinsurance products to insured's and reinsured worldwide operations with main locations in Bermuda, the U.S. and Europe.
Axis Insurance’s historical revenue and net income:
The analysis on Axis Insurance reports that the company’s operating margin has been in a five-year decline and that its sales outstanding has increased.
The company’s first half financials reported:
· EPS of $3.19.
· Operating EPS of $2.36.
· Annualized return on average common equity of 14.7%.
· Second quarter share repurchases of $228 million.
The Peter Lynch Chart suggests that the company is currently undervalued:
There are currently seven gurus that hold a position in AXS.
Axis Capital Holdings has a market cap of $4.95 billion. Its shares are currently trading at around $43.30 with a P/E ratio of 9.00, a P/S ratio of 1.30 and a P/B ratio of 1.00.
Biglari Holdings (BH)
Chairman, CEO and 10% Owner Sardar Biglari made the third largest CEO buy of the past week. The CEO purchased a total of 7,145 shares at a price of $420.10 per share. This cost Biglari a total of $3,001,610. Since his buy the price per share has dropped -1.9%.
Biglari Holdings is a diversified holding company engaged in a number of diverse business activities. The company is currently engaged in and the franchising and operating of restaurants.
Biglari Holdings’ historical revenue and net income:
The analysis on Biglari Holdings reports that the company’s revenue growth has slowed down, the company’s price is sitting near a 10-year high, they have issued $72.812 million of debt over the past three years and the company’s P/E and P/B ratios are nearing historical lows.
The Peter Lynch Chart suggests that the company is currently undervalued:
There are currently two gurus that hold a position in Biglari Holdings.
You can check out more CEO buys by using the GuruFocus All-in-One Screener.
Try a free 7-day premium membership here.
The following three CEOs each come from various sectors of the market but they each reported multimillion dollar insider (CEO) buys over the past week.
Kinder Morgan (KMI)
On Sept. 9, Chairman and CEO Richard Kinder made a large buy of his company’s stock. The CEO purchased a total of 500,000 shares at an average price of $35.74 per share. This cost Kinder a total of $17.87 million.
Since his buy, the price per share has increased a minor 0.76%. Richard Kinder now holds over 241.87 million shares of his company’s stock. Kinder is the largest shareholder of Kinder Morgan stock. About 35% of the company is owned by insiders of KMI.
Vice President of Human Resources and Administration James Street also made a buy this week; he added 2,750 shares to his stake at an average price of $35.73 per share. The price per share has since increased about 0.78%.
These buys come as the price per share has come down from the high it hit in May.
It is engaged as the energy transportation and storage companies in North America. Kinder Morgan is the largest midstream and the third largest energy company (based on combined enterprise value) in North America.
Kinder Morgan’s historical revenue and net income:
The analysis on Kinder Morgan reports that the revenue has been in decline over the past three years, they have issued $4.8 billion in debt over the past three years and the dividend yield is nearing a three-year high.
The company recently announced that their collaborative project with Valero Energy (VLO) is now fully operational and is transporting petroleum products from refineries in Louisiana to Mississippi.
There are currently eight gurus that hold a position in KMI.
Kinder Morgan has a market cap of $37.14 billion. Its shares are currently trading at around $35.85 with a P/E ratio of 56.40, a P/S ratio of 5.10 and a P/B ratio of 2.70. The dividend yield of Kinder Morgan stock is 4.20%.
Axis Capital Holdings (AXS)
The CEO of Axis Insurance John Gressier made the second largest CEO buy of the week. On Sept. 5 Gressier bought 176,000 shares at an average price of $42.47 per share. This cost the CEO a total of $7,474,720. Since his buy, the price per share has increased about 2.21%. Gressier now holds on to a total of 375,375 shares of company stock.
Gressier’s buy is the first insider transaction since May and the first insider buy since August 2012.
Through its various operating subsidiaries and branches, Axis Insurance provides a range of insurance and reinsurance products to insured's and reinsured worldwide operations with main locations in Bermuda, the U.S. and Europe.
Axis Insurance’s historical revenue and net income:
The analysis on Axis Insurance reports that the company’s operating margin has been in a five-year decline and that its sales outstanding has increased.
The company’s first half financials reported:
· EPS of $3.19.
· Operating EPS of $2.36.
· Annualized return on average common equity of 14.7%.
· Second quarter share repurchases of $228 million.
The Peter Lynch Chart suggests that the company is currently undervalued:
There are currently seven gurus that hold a position in AXS.
Axis Capital Holdings has a market cap of $4.95 billion. Its shares are currently trading at around $43.30 with a P/E ratio of 9.00, a P/S ratio of 1.30 and a P/B ratio of 1.00.
Biglari Holdings (BH)
Chairman, CEO and 10% Owner Sardar Biglari made the third largest CEO buy of the past week. The CEO purchased a total of 7,145 shares at a price of $420.10 per share. This cost Biglari a total of $3,001,610. Since his buy the price per share has dropped -1.9%.
Biglari Holdings is a diversified holding company engaged in a number of diverse business activities. The company is currently engaged in and the franchising and operating of restaurants.
Biglari Holdings’ historical revenue and net income:
The analysis on Biglari Holdings reports that the company’s revenue growth has slowed down, the company’s price is sitting near a 10-year high, they have issued $72.812 million of debt over the past three years and the company’s P/E and P/B ratios are nearing historical lows.
The Peter Lynch Chart suggests that the company is currently undervalued:
There are currently two gurus that hold a position in Biglari Holdings.
You can check out more CEO buys by using the GuruFocus All-in-One Screener.
Try a free 7-day premium membership here.
