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Top Insider Trades: Amil's Bueno Buys $470 Million of UnitedHealth


Google and Triumph Group insiders sell.


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 6, 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.

Edson de Godoy Bueno, CEO of Amil Participações (PINK:AMPIY), the huge Brazilian health care organization, purchased nearly $470 million in UnitedHealth Group (NYSE:UNH) stock on November 2, according to SEC documents filed November 6. The purchase was not made on the open market and was done indirectly through "By Wholly Owned Affiliate." Bueno was appointed a director of UNH this year in conjunction with the takeover of his company by UNH. In October, UnitedHealth issued $2.5 billion in bonds in order to finance its 90% purchase of Amil, a deal that had been three years in the making. The takeover must still be approved by the government of Brazil.

John Doerr, a director of Google (NASDAQ:GOOG), parted with $5 million in company stock through a previously scheduled automatic sale. Richard C. Ill, who resigned as CEO of Triumph Group (NYSE:TGI) in July, sold nearly $4 million in company stock on the open market. Ill remains chairman of the board of the aviation corporation.

At, 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: | Key to Insider Title and Trans Type Codes

Source: | 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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