Weekly Top Insider Buys Highlight for the Week of March 15

GuruFocus.com

Sat, Mar 16, 2019, 9:53 PM

Twenty-First Century Fox Inc. is an American international mass media company that was one of the two companies formed from the spin-off of the publishing assets of News Corporation in 2013. The company primarily deals in the film and television industries. The company has a market capitalization of $96.45 billion, and as of March 15 it traded at $51.70.

On March 4 Twenty-First Century Fox Inc. announced that Fox Corporation, the company to be spun-off in connection with Twenty-First Century Fox's merger with The Walt Disney Company, has named Daniel Carey as vice president of investor relations. Carey will report to chief investor relations officer and executive vice president of corporate initiatives Joseph Dorrego and will help with the development of the company's investor relations program.

CVS Health Corp. (CVS): Director David C. Brown II bought 10,000 shares

Director David C. Brown II bought 10,000 shares of CVS stock on March 11 at the average price of $53.18. The price of the stock has increased by 4.55% since.

CVS Health Corp. is an American retail pharmacy and health care company that grew from the parent company Mark Steven Inc. The business began as a chain of health and beauty aid stores but within several years pharmacies were added. The company owns several subsidiaries, including CVS Pharmacy, MinuteClinic, Caremark Rx, Longs Drugs, Omnicare and Navarro Discount Pharmacies. The company has a market capitalization of $72.12 billion, and as of March 15 it traded at $55.60.

On Feb. 20 CVS Health Corp. reported financial results for the fourth quarter and full year 2018. Revenues for the quarter increased 12.5% to $54.4 billion. GAAP diluted loss per share were 37 cents, including a $2.2 billion, or $1.99 per share, goodwill impairment charge. Adjusted earnings per share were $2.14 for the quarter. The company also completed its $70 billion acquisition of Aetna during the quarter.

Cigna Corp. (CI): President Government Business Brian C. Evanko bought 2,000 shares

President Government Business Brian C. Evanko bought 2,000 shares of CI stock on March 11 at the average price of $163.4. The price of the stock has increased by 1.87% since.

Cigna Corp. is an American international health services company. The company's insurance subsidiaries are major providers of medical, life, and disability insurance and related services. The majority of insurance services offered by the company are offered through employers and other groups. The company has a market capitalization of $63.26 billion, and as of March 15 it traded at $166.45.

On Feb. 27 Cigna Corp. announced that the company's Board of Directors has declared a cash dividend of 4 cents per share of common stock. The dividend is payable on April 10 to shareholders of record at the close of business on March 11.

Dominion Energy Inc. (NYSE:D): Director James A. Bennett bought 6,550 shares

Director James A. Bennett bought 6,550 shares of D stock on March 13 at the average price of $76.34. The price of the stock has increased by 0.92% since.

Dominion Energy Inc. is an American power and energy company that supplies electricity in Virginia and North Carolina and supplies natural gas to parts of West Virginia, Ohio, Pennsylvania and eastern North Carolina. The company also holds generation facilities in the states of Illinois, Indiana, Connecticut and Rhode Island. The company has a market capitalization of $61.58 billion, and as of March 15 it traded at $77.04.

On March 15 Dominion Energy Inc. announced that it has signed an agreement with Connecticut to ensure Millstone Power Station will continue to provide more than 90% of Connecticut's carbon free electricity for the next 10 years. The contract is for 9 million megawatt hours per year and is projected to provide significant savings for Connecticut residents and guarantees state and local economic contributions.

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.

This article first appeared on GuruFocus.