Over $18M Bet On This Financial Services Stock? Check Out These 3 Stocks Insiders Are Buying
Portfolio Pulse from Lisa Levin
Insiders have recently purchased shares in Loews Corporation (L), The Howard Hughes Corporation (HHC), and Hibbett, Inc. (HIBB). Loews reported a Q1 2023 EPS of $1.61, up from $1.29 a year ago. Howard Hughes posted a narrower-than-expected quarterly loss, and Hibbett reported a 7.4% YoY sales growth in Q1 FY23, missing the consensus.
June 05, 2023 | 12:37 pm
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NEUTRAL IMPACT
Hibbett, Inc.'s President and CEO, Michael E Longo, bought 7,500 shares at an average price of $36.17, costing around $271.27 thousand. The company reported a 7.4% YoY sales growth in Q1 FY23, missing the consensus.
The insider purchase of 7,500 shares by Hibbett's President and CEO indicates confidence in the company's prospects. However, the company reported a 7.4% YoY sales growth in Q1 FY23, missing the consensus, which may lead to a neutral short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 100
POSITIVE IMPACT
The Howard Hughes Corporation's Director, William Ackman, acquired 52,510 shares at an average price of $74.37, costing around $3.91 million. The company posted a narrower-than-expected quarterly loss.
The insider purchase of 52,510 shares by Howard Hughes' Director indicates confidence in the company's prospects. The narrower-than-expected quarterly loss also shows improving financial performance, which may lead to a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Loews Corporation's Sr. VP, Corp Dev and Strategy, Benjamin J Tisch, acquired 330,000 shares at an average price of $56.91, costing around $18.78 million. Loews reported a Q1 2023 EPS of $1.61, up from $1.29 a year ago.
The insider purchase of 330,000 shares by Loews' Sr. VP indicates confidence in the company's prospects. The increase in Q1 2023 EPS from $1.29 to $1.61 also shows positive financial performance, which may lead to a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100