Something Has Corporate Insiders Buying Up Shares Of These 2 Stocks

We will now turn our full attention to McGraw Hill Financial Inc (NYSE:MHFI), a leader in content and analytics for the global capital, commodities, and commercial markets. Mike Chinn, the freshly-named President of the company’s combined S&P Capital IQ/SNL Financial business, purchased a new 11,000 share-stake at a price of $94.78 per share. Let us remind you that, this summer, McGraw Hill Financial bought the financial data and information provider SNL Financial, which was led by Chinn, who functioned as its President and Chief Executive. Just recently, the acquirer announced its plans to combine its S&P Capital IQ unit with the freshly-acquired SNL Financial LC, with Chinn at the fore. Having said that, it appears that Mike Chinn’s recent insider acquisition is a sign of confidence in the future prospects of the recently-combined businesses. In the meantime, the company’s stock performance has not been that bad this year if ignoring the recent broader market slump. Even so, the shares of McGraw Hill Financial have delivered a return of slightly over 3% since the beginning of the year. Going back to the recent acquisition, McGraw Hill Financial expects to achieve $70 million in cost synergies through 2019, primarily thanks to operational efficiencies and its ability to accelerate SNL’s international growth via its global footprint. Stephen Mandel’s Lone Pine Capital reported owning 3.63 million shares of McGraw Hill Financial Inc (NYSE:MHFI) through its latest 13F filing with the SEC.

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