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Weekly Top Insider Buys Highlight for the Week of July 26

The largest Insider Buys this week were for Crown Castle International Corp. (NYSE:CCI), Brown & Brown Inc. (NYSE:BRO), Cadence Bancorp. (NYSE:CADE) and United Rentals Inc. (NYSE:URI).

Crown Castle International Corp. (NYSE:CCI): Director Martin J. Landis bought 16,300 shares

Director Martin J. Landis bought 16,300 shares of CCI stock on July 23 at the average price of $127.33. The price of the stock has increased by 2.55% since.

Crown Castle International Corp. is an American wireless communication services company. The company is the United States' largest provider of shared communications infrastructure with more than 40,000 cell towers and approximately 60,000 route miles of fiber supporting small cells and fiber solutions. The company has a market capitalization of $54.29 billion, and as of July 26 it traded at $130.58.

On July 17 Crown Castle International Corp. reported results for the quarter ended June 30. Net income for the quarter was $246 million, or 52 cents per diluted share, compared to a net income of $180 million, or 36 cents per diluted share, during the same quarter prior year. Adjusted Ebitda for the quarter was $857 million, compared to $769 million during the same quarter prior year.

Brown & Brown Inc. (NYSE:BRO): Director Proctor H. Palmer Jr. bought 5,000 shares

Director Proctor H. Palmer Jr. bought 5,000 shares of BRO stock on July 25 at the average price of $35.96. The price of the stock has increased by 1.2% since.

Brown & Brown Inc. is an American property and casualty insurance company that focuses on providing insurance and reinsurance products and services to businesses, governmental, institutional, and individual clients. The company is a component of the S&P 400 and was ranked as the sixth largest independent insurance intermediary organization in the U.S. in 2018. The company has a market capitalization of $10.24 billion, and as of July 26 it traded at $36.39.

On July 18 Brown & Brown Inc. announced that the company's board of directors has declared a regular quarterly cash dividend of 8 cents per share. The dividend is payable on Aug. 14 to shareholders of record at the close of business on Aug. 7.

Cadence Bancorp. (NYSE:CADE): Director Fredericks J. Richard bought 3,105 shares

Director Fredericks J. Richard bought 3,105 shares of CADE stock on July 24 at the average price of $16.1. The price of the stock has increased by 5.47% since.

Cadence Bancorp. is an American bank holding company with 98 branches in Alabama, Georgia, Florida, Tennessee, Mississippi and Texas. The company is a component of the Russell 2000 Index. The company has a market capitalization of $2.19 billion, and as of July 26 it traded at $16.98.

On June 20 Cadence Bancorp. Announced the pricing of its previously announced registered public offering of $85 million aggregate principal amount of 4.75% fixed to floating rate notes due 2029. The offering closed on June 26.

United Rentals Inc. (NYSE:URI): Director Donald C. Roof bought 5,000 shares

Director Donald C. Roof bought 5,000 shares of URI stock on July 22 at the average price of $118.27. The price of the stock has increased by 7.9% since.

United Rentals Inc. is an American international industrial and construction rental company that is the world's largest equipment rental company. The company has around 13% of the North American market share as of 2019 and it owns the largest rental fleet in the world totaling about $14.2 billion in original equipment cost. The company has a market capitalization of $9.85 billion, and as of July 26 it traded at $127.61.

On July 17 United Rentals Inc. reported financial results for the second quarter of 2019. Total revenue for the quarter increased 21.1% to $2.290 billion while rental revenue increased 20.2% to $1.960 billion. GAAP net income for the quarter was $270 million, or $3.44 per diluted share, compared with $270 million, or $3.20 per diluted share, for the same period prior year.

For the complete list of stocks that were bought by their company executives, go to: Insider Trades.

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

This article first appeared on GuruFocus.