The largest Insider Buys this week were for Allergan PLC (AGN, Financial), Kinder Morgan Inc. (KMI, Financial), Annaly Capital Management Inc. (NLY, Financial), and Andeavor Logistics LP (ANDX, Financial).
Allergan PLC (AGN, Financial): Director Christopher J. Coughlin bought 10,000 shares
Director Christopher J. Coughlin bought 10,000 shares of AGN stock on Dec. 5 at the average price of $163.3. The price of the stock has increased by 2.76% since.
Allergan PLC is an Irish international pharmaceutical company that produces both branded and generic drugs and performs pharmaceutical research and development. The company’s key products include Actonel, Acuvail, Aczone, Lumigan, Namenda, Ozurdex, and Rapaflo. The company has a market cap of $55.81 billion, and as of Dec. 8 it traded at $167.80.
On Nov. 1 Allergan PLC reported third quarter 2017 results. GAAP continuing operations loss per share was $12.05 while non-GAAP performance net income per share was $4.15. GAAP operating loss was $4.02 billion while non-GAAP adjusted operating income was $1.97 billion.
Kinder Morgan Inc. (KMI, Financial): V.P. Thomas A. Martin bought 3,000 shares
V.P. Thomas A. Martin bought 3,000 shares of KMI stock on Dec. 5 at the average price of $17.1. The price of the stock has increased by 4.04% since.
Kinder Morgan Inc. is an American energy infrastructure company that specializes in owning and controlling oil and natural gas pipelines and terminals. Currently, the company is the largest energy infrastructure company in North America and operates approximately 84,000 miles of pipelines and owns about 180 terminals. The company has a market cap of $39.73 billion, and as of Dec. 8 it traded at $17.79.
On Oct. 18 Kinder Morgan Inc. announced that its Board of Directors approved a cash dividend of $0.125 per share for the third quarter, which is $0.50 annualized. The dividend is payable on Nov. 15 to common stockholders of record at the close of business on Oct. 31. The company continues to expect to declare dividends of $0.50 per share for 2017 before increasing the dividend to $0.80 per share for 2018.
Annaly Capital Management Inc. (NLY, Financial): CFO Glenn Votek bought 25,000 shares
CFO Glenn Votek bought 25,000 shares of NLY stock on Dec. 1 at the average price of $11.73. The price of the stock has increased by 1.53% since.
Annaly Capital Management Inc. is an American mortgage real estate investment trust. The company borrows money via short term repurchase agreements and reinvests the proceeds in asset backed securities. The company generates profits from the net interest spread between the interest it earns from assets and borrowing costs. The company has a market cap of $13.81 billion, and as of Dec. 8 it traded at $11.91.
On Nov. 8 Annaly Capital Management Inc. announced that its Board of Directors has declared a Series C Preferred Stock cash dividend for the fourth quarter of 2017 of $0.476563 per share. The Board of Directors has also declared a Series D Preferred Stock cash dividend for the fourth quarter of 2017 of $0.46875.
Andeavor Logistics LP (ANDX, Financial): President and CFO Steven Sterin bought 1,400 shares
President and CFO Steven Sterin bought 1,400 shares of ANDX stock on Dec. 1 at the average price of $45.53. The price of the stock has decreased by 1.14% since.
Andeavor Logistics LP is an American full-service logistics company that operates mostly in the western and mid-continent regions of the United States. The company owns and operates a network of crude oil, refined products, and natural gas pipelines. The company also owns and operates crude oil and refined products truck and marine terminals. The company has a market cap of $9.73 billion, and as of Dec. 8 it traded at $45.01.
On Nov. 28 Andeavor Logistics LP announced the pricing of a public offering of $600,000,000 of its 6.875% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units at a price to the public of $1,000 per unit. The offering is expected to close on Dec. 1.
For the complete list of stocks that were bought by their company executives, go to: Insider Trades.
Disclosure: I do not own stock in any of the companies mentioned in the article.
