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Top Insider Trades: AGCO and Janus See Continued Insider Buying

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While Google and Carnival see beneficial insiders sailing off with profits.

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In a victory for common sense, the trading behavior of company executives, directors, and large shareholders in the stocks of firms they're registered "insiders" at have been proven profitable to monitor by both academic studies and (more importantly) the experience of your fellow professional investors.

Below are lists of the top 10 mainly open-market insider purchases and sales filed at the Securities and Exchange Commission Tuesday, November 27, 2012 as ranked by dollar value.

Please note, however, that these are factual lists, not buy and sell recommendations. Dollar value is only one metric to assess the importance of an insider transaction, and, frankly, often not even the most important metric that determines if an insider transaction is significant.

It's getting hard to believe that there are many shares of AGCO Corporation (NYSE:AGCO) outstanding as director Mallika Srinivasan's investment in the farm equipment maker continues with her most recent purchase of $7.3 million in shares. In 2012 she made 24 purchases of $2.5 million and above, with the three largest over $12 million each (in addition to several purchases under $1 million).

Another ardent investor is Dai-ichi Life Insurance (TYO:8750) which, according to the SEC, made a nearly $5 million investment in Janus Capital (NYSE:JNS). From September to the present, Dai-ichi has made 17 separate open-market buys of the financial services firm, each between $4.7 million and $25.6 million.

The sellers list also featured several investors continuing to unload shares of companies in which they are beneficial owners; the largest sale was attributed to Eric E. Schmidt who sold $42.2 million in Google (NASDAQ:GOOG) stock. Newer names, defined for the sake of argument as not having sold stock for at least the past three months, included Frank S. Howard, director and COO of Carnival (NYSE:CCL), who cashed in $3.9 million worth of stock in the cruise line.

At InsiderInsights.com, we find new investment ideas just about every day using these and more intricate insider screens to determine where we should focus our subsequent fundamental and technical analysis. And while stocks don't (or shouldn't) move up or down based on insider activity alone, insiders tend to be good indicators of when real stock-moving events like earnings surprises, corporate actions, and new products may be in the offing.


Source: InsiderInsights.com | Key to Insider Title and Trans Type Codes


Source: InsiderInsights.com | Key to Insider Title and Trans Type Codes

Editor's note: Jonathan Moreland is the founder of Insider Insights and author of "Profit From Legal Insider Trading."
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