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In Insider Trading, Big Buys at Newcastle Investment and Hancock Holding, Sales at Primerica and Blackstone

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Plus, sales at News Corp and Google.

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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 Friday, February 15, 2013 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.

In insider purchases, at real estate investment trust Newcastle Investment Corp (NYSE:NCT), Director Wesley Edens and Secretary Randal Nardone each bought $1,000,840 worth of company stock. Robert Atwell, Chairman of digital media company Camelot Entertainment Group (PINK:CMGR), bought $700,000 worth of company stock while the company's President, Steven Istock, bought $100,000 worth of company stock. Terence Hall, a Director of Hancock Holding (NASDAQ:HBHC), bought $660,114 worth of company stock.

In insider sales, at Primerica (NYSE:PRI), which distributes financial products to middle income households, Director Pincus Warburg sold $81,650,000 worth of stock. Hamilton James, President and COO of alternative asset management and financial advisory company Blackstone (NYSE:BX), sold $64,239,428 worth of company stock. Rupert Murdoch, Founder, Chairman, and CEO of News Corp (NASDAQ:NWS), sold $40,109,520 worth of company stock. At Google (NASDAQ:GOOG), Directors Kavitark Shriram and John Doerr sold stock, worth $18,960,000 and $4,167,031, respectively.

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.

Insider Purchases
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
DIR
JB*
$1,000,840
2
SEC
JB*
$1,000,840
3
CB,DIR,BO
JB*
$700,000
4
DIR
B
$660,114
5
CEO,CB,BO
B
$273,436
6
CEO,DIR
B
$250,091
7
BO
B
$214,170
8
PR,DIR,BO
JB*
$100,000
9
DIR
JB*
$99,990
10
DIR
B
$92,700

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

Insider Sales
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
DIR,BO
JS*
$81,650,000
2
PR,COO,DIR
S
$64,239,428
3
CB,CEO,DIR
S
$40,109,520
4
DIR
AS
$18,960,000
5
DIR,BO
JS*
$6,187,500
6
CB,CEO,DIR
AS
$4,920,049
7
DIR
AS
$4,167,031
8
O
V
AS
$3,724,555
9
BO
JS*
$3,509,509
10
CEO,PR,DIR
S
$2,883,158

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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No positions in stocks mentioned.
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