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Weekly CEO Buys Highlight

According to GuruFocus insider data, these are the largest CEO buys from the past week.

Anthem

Anthem Inc. (NYSE:ANTM) President and CEO Gail Boudreaux bought 7,600 shares on Jan. 30 at a price of $263.70. The price of the stock has increased by 4.85% since then.

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With over 40 million members, Anthem is one of the largest managed care organizations in the United States, providing individual, group and government-sponsored health insurance. It operates under the Blue Cross/Blue Shield brand in 14 states.

The company has a market cap of $70.11 billion. Its shares traded at $276.48 with a price-earnings ratio of 14.97 as of Feb. 7. Net income for the fourth quarter of 2019 was $934 million, compared to $424 million for the prior-year period.

Ashland Global Holdings

Ashland Global Holdings Inc. (NYSE:ASH) Chairman and CEO Guillermo Novo bought 12,900 shares on Feb. 6 at a price of $78.35. Since then, the price of the stock has increased by 1.72%.

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Ashland Global Holdings manufactures and sells a variety of specialty chemicals. The company organizes itself into three segments based on product type. The Specialty Ingredients segment, which generates the most revenue, sells cellulose ethers, vinyl pyrrolidones and biofunctionals. Segment customers include pharmaceutical companies and manufacturers of personal care products, food and beverages, paint, coatings and construction materials. The Valvoline segment sells automotive lubricants and chemicals and operates a chain of repair shops and quick lube oil change stores under the Valvoline brand. The Performance Materials segment sells plastic resins to automotive suppliers and electronics producers. The majority of revenue comes from North America.

The company has a market cap of $4.80 billion. Its shares traded at $79.70 with a price-earnings ratio of 8.49 as of Feb. 7. For the first quarter of fiscal 2020, net income was $32 million compared to a loss of $48 million in the prior-year quarter.

WisdomTree Investments

WisdomTree Investments Inc. (NASDAQ:WETF) CEO Jonathan L. Steinberg bought 177,099 shares on Feb. 3 at a price of $4.26. The price of the stock has increased by 1.17% since then.

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WisdomTree Investments is an exchange-traded fund and exchange-traded product sponsor and asset manager. Its ETP products are constructed to track or outperform the performance of a broad or specific equity, fixed income or alternatives market segment, or a basket of a commodity or currency. ETF options include funds that track WisdomTree's own indexes, third party indexes or actively managed funds. WisdomTree offers its products through a number of distribution channels, including brokerage firms, registered investment advisors and institutional investors. RIAs and wirehouses provide over half of the company's assets under management.

The company has a market cap of $669.19 million. Its shares traded at $4.31 with a price-earnings ratio of 35.92 as of Feb. 7. Net income for the fourth quarter of 2019 was $4.3 billion compared to a loss of $11.6 billion in the comparable period of 2018.

Chief Financial Officer Amit Muni sold 28,500 shares on Jan. 28 at a price of $3.87. Since then, the price of the stock has increased by 11.37%.

Chief Administrative Officer Peter M. Ziemba bought 25,000 shares on Feb. 3 at a price of $4.19. The price of the stock has increased by 2.86% since then.

Global Head of Research Jeremy Schwartz bought 20,000 shares on Feb. 3 at a price of $4.2. Since then, the price of the stock has increased by 2.62%.

President R. Jarrett Lilien bought 23,529 shares on Feb. 3 at a price of $4.23. The price of the stock has increased by 1.89% since then.

Enterprise Products Partners

Enterprise Products Partners LP (NYSE:EPD) Co-CEO AJ Teague bought 20,031 shares on Feb. 3 at a price of $25.47. Since then, the price of the stock has increased by 0.35%.

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Enterprise Product Partners is a master limited partnership that transports and processes natural gas, natural gas liquids, crude oil, refined products and petrochemicals. It is one of the largest midstream companies, with operations servicing most producing regions in the lower 48 states in the U.S.

The company has a market cap of $55.96 billion. Its shares traded at $25.56 with a price-earnings ratio of 12.26 as of Feb. 7. Fourth-quarter 2019 net income was $1.12 billion, compared to $1.30 billion for the fourth quarter of 2018.

Director and 10% Owner Randa Duncan Williams bought 200,000 shares on Feb. 3 at a price of $25.62; 50,000 shares on Feb. 4 at a price of $26.15; 50,000 shares on Feb. 5 at a price of $26.4; 50,000 shares on Feb. 6 at a price of $26.05; and 50,000 shares on Feb. 7 at a price of $25.56. The share price has not changed since then.

Ingevity

Ingevity Corp. (NYSE:NGVT) President and CEO D. Michael Wilson bought 7,500 shares on Feb. 6 at a price of $64.44. Since then, the price of the stock has increased by 3.72%.

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Ingevity is a chemical manufacturer based in the United States. It conducts its operations through two segments, namely Performance Chemicals and Performance Materials. The bulk of its revenue is generated by the Performance Chemicals segment, which deals with the manufacture and sale of specialty chemicals. The Performance Materials segment, on the other hand, focuses on automotive carbon products used in automobiles.

The company has a market cap of $2.78 billion. Its shares traded at $66.84 with a price-earnings ratio of 15.37 as of Feb. 7. Net income for the fourth quarter of 2019 was $183.7 million versus net income of $181.8 million in 2018.

Executive Vice President, Chief Financial Officer and Treasurer John C. Fortson bought 2,290 shares on Feb. 6 at a price of $65.5. The price of the stock has increased by 2.05% since then.

For the complete list of stocks bought by their company CEOs, go to: CEO Buys.

Disclosure: I do not own stock in any of the companies mentioned in the article.

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This article first appeared on GuruFocus.