Insider Buying at CVS Health Corp (CVS) for the First Time in 5 Years Tops List of Must-See Insider Moves

Cypress Semiconductor Corporation (NASDAQ:CY)

Who Bought Shares: President and CEO Hassane El-Khoury

How Many Shares Were Bought: 10,000 @ $15.03 per share

Date of the Transaction(s): April 30

Cypress Semiconductor Corporation (NASDAQ:CY) President and CEO Hassane El-Khoury purchased 10,000 shares of the company he leads on April 30, which was made even more significant due to the fact that he had sold shares of Cypress Semiconductor just two months earlier, at a far higher price ($17.60) than the recent purchase. Because of that, El-Khoury agreed to pay $26,545.13 to the issuer to cover what would’ve otherwise been considered profits from a short-swing transaction, meaning he essentially paid $17.60 per share for the 10,000 shares. Given that, the purchase was a strong vote of confidence in the stock, which has had an up-and-down year which has been more down than up recently.

A few days prior to that insider purchase, El-Khoury was upbeat when discussing Cypress Semiconductor Corporation (NASDAQ:CY)’s first-quarter results, praising the company’s innovation within its embedded solutions portfolio as allowing the company to more easily meet the needs of consumers. Cypress’ auto business grew by 15% year-over-year, while the introduction of its ModusToolbox software suite helped drive solid IoT growth.

Kemper Corporation (NYSE:KMPR)

Who Bought Shares: Directors David Storch and George Cochran

How Many Shares Were Bought: 5,000 @ $68.69 per share and 500 @ $68.55 per share, respectively

Date of the Transaction(s): May 2

Lastly we’ll look at Kemper Corporation (NYSE:KMPR), shares of which were purchased by two of the company’s board members last Wednesday. Unlike the majority of insider purchases, particularly when purchases are made by multiple insiders within a short timeframe, shares of Kemper are actually flying high, gaining over 20% since April 27 and more than 34% since April 2.

The insider purchases came on the heels of Kemper Corporation (NYSE:KMPR) releasing first-quarter results on April 30 that dominated analysts’ expectations, with adjusted EPS of $1.10 trouncing estimates by $0.34, while the insurance company’s $693 million in revenue was also $35 million ahead of estimates. Analysts are also bullish on Kemper’s pending acquisition of Infinity Property and Casualty Corp. (NASDAQ:IPCC), which will bring further scale and greater efficiencies to Kemper’s nonstandard auto franchise, which was already a strong performer in the first quarter, as premiums jumped by 23%.

Disclosure: None