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Insiders Have Bought General Electric Company (GE), Capital One Financial Corp. (COF), and More

One of Edwards Lifesciences Corp (NYSE:EW)’s Board members purchased 2,000 shares on April 26th at an average price of $64.95 per share. The $7.1 billion market cap medical device company specializes in heart valves and other cardiovascular products. Pretax income grew by 27% last quarter compared to the first quarter of 2012, though revenue growth was only 8% and so we would be a bit concerned as to how sustainable its bottom-line growth rate is. Sectoral Asset Management was one major shareholder of Edwards Lifesciences Corp (NYSE:EW) according to that fund’s most recent 13F filing (research more stocks Sectoral owned).

Firstmerit Corp (NASDAQ:FMER), a Midwestern bank with a market capitalization of $1.8 billion, has also been seeing quite a bit of insider buying in the last few months. Consolidation is occurring in the regional banking industry, and Firstmerit Corp (NASDAQ:FMER) recently completed an acquisition of Citizens Republic Bancorp. The bank is currently valued at a bit above the book value of its equity, at a P/B ratio of 1.1. Dreman Value Management, managed by David Dreman, disclosed ownership of 2.1 million shares at the end of the fourth quarter of 2012.

Disclosure: I own no shares of any stocks mentioned in this article.

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