Insiders and Billionaire Leon Cooperman Like American International Group Inc (AIG) and More

Page 1 of 2

AIGWe track quarterly 13F filings from hundreds of hedge funds, including billionaire Leon Cooperman’s Omega Advisors. We use the information in these filings to help us develop investing strategies; for example, we have found that the most popular small cap stocks among hedge funds earn an average excess return of 18 percentage points per year (learn more about our small cap strategy). We also like to review individual funds’ filings for stocks seeing recent insider buying; studies generally show that insider purchases are weak bullish signals and so we think that these stocks can serve as additional investment ideas for further research. Here are five stocks from Cooperman’s most recent 13F that at least one insider has bought in the last three months (or see the full list of stocks Omega reported owning):

The fund reported a position of 7.7 million shares in American International Group Inc (NYSE:AIG), which lost its place as the most popular stock among hedge funds during the first quarter of 2013 (check out the full top ten list). A Board member bought 10,000 shares of American International Group Inc (NYSE:AIG) in May. The insurer trades at a significant discount to the book value of its equity with a P/B ratio of 0.7, and has at least some upside potential even after selling off some of its assets to create shareholder value. With analyst expectations implying a forward earnings multiple of 11, we’d be interested in further investigating the company.

OMEGA ADVISORSOmega disclosed ownership of 7.2 million shares of Linn Energy LLC (NASDAQ:LINE) in the filing; we recorded an insider buying stock in the $7.8 billion market cap oil and gas company last month. Linn Energy LLC (NASDAQ:LINE) currently pays a quarterly dividend of 72.5 cents per share, which makes for an annual yield of over 9%, though it has had to borrow money in order to cover these payments as well as the company’s capital expenditures. We’d note that the forward P/E is 21, so in terms of value the stock is not cheap with earnings perhaps not being high enough going forward to cover current dividend payments.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

On the Move: The 10 Fastest Growing Businesses in 2015

Fast Money: The 10 Highest Paying Fast Food Restaurants

Mixing It Up: The 14 Best Music Mashups of 2014

Rito Pls Buff: The 10 Least Played Champions in LoL Season 4

10 Covers of Popular Songs that are Better than the Originals

Must See TV: The 9 Most Anticipated Shows of 2015

The 15 Biggest Box Office Bombs of All Time

10 Things The World Can’t Stand About Americans

Picture Perfect: The 6 Smartphones with the Best Cameras

The 10 Best Countries To Work In the World

A Profitable Day At The Track: 5 Tips For Betting On Horses

Tearing You Apart: 6 Bad Habits That Ruin Relationships

Learning on the Job: The 6 Biggest Mistakes Parents Make

Shopaholics Rejoice: The 12 Biggest Malls in the World

Fright Night: 10 Horror Movies Based on True Stories

Mach Mania: The 10 Fastest Jets in the World

Military Heavyweights: The 10 Countries with the Most Tanks

All In: The 7 Richest Poker Players in the World

Abracadabra: The 10 Best Magicians in the World

The 10 Richest Asian Countries in the World in 2014

Eyes in the Sky: 10 Things You Need to Know About Drones

Rising Stars: The 6 Best Silicon Valley Startups

Military Muscle: The 5 Most Advanced Armies in South America

All that Glitters: The 7 Most Luxurious Jewelry Brands in the World

5 Things You Didn’t Know About ISIS but Should

Empowering Your Money: The 5 Best Energy Stocks to Invest In

The 11 Best Android Apps You Can’t Get on iOS

The 10 Most Important International Conflicts in 2014

Mood Enhancers: The 20 Most Uplifting Songs of all Time

Lover Beware: The 8 Countries that Cheat the Most

Breath of Fresh Air: The 25 Countries with the Best Air Quality on the Planet

Singles Beware: The 8 Worst Mistakes Made on First Dates

Healthy and Happy: The 10 Countries with Lowest Healthcare Costs

The 6 Best Company Team Building Activities to Build Workplace Camaraderie

Ships Ahoy: The 10 Busiest Shipping Ports in the World

10 Productivity Tips to Save You Time and Help You Do More With Less

Grab a Bite: The Most Popular Fast Food Restaurants in America

Friday Night Thirst: The 10 Most Popular Cocktails in the World

The 6 Greatest Unsolved Mysteries We May Never Figure Out

7 Useless Products You Never Should’ve Bought

The 5 Reasons Why You’re Single and Miserable

The 7 Most Addictive Foods in the World We Can’t Stop Eating (Even Though We Should)

5 Amazing Places You Can Swim with Dolphins

The Top 7 Most Livable Countries In The World

The 10 Most Expensive Baseball Cards Ever Pulled From A Pack

The 5 Easiest Second Languages to Learn for English Speakers

Silver Spoon: The 6 Richest Families in the World

The 20 Countries with the Largest Prison Populations in the World

The Top 10 Richest Actors in the World

The 10 Best Airline Stocks to Invest In Before They Fly Too High

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!