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Weekly Top Insider Buys Highlight for the Week of May 10

- By Shuda Xia

The largest Insider Buys this week were for UnitedHealth Group Inc. (UNH), Charles Schwab Corp. (SCHW), General Motors Co. (GM) and DTE Energy Co. (DTE).

UnitedHealth Group Inc. (UNH): Director Frederick William McNabb III bought 6,430 shares

Director Frederick William McNabb III bought 6,430 shares of UNH stock on May 1 at the average price of $233.21. The price of the stock has increased by 3.16% since.


UnitedHealth Group Inc. is an American managed healthcare company that was ranked number five on the Fortune 500 rankings in 2018 by total revenue. The company focuses on offering healthcare products and insurance services and is the world's largest healthcare company by revenue. The company is also a component of the S&P 100. The company has a market capitalization of $228.64 billion, and as of May 10 it traded at $240.59.

On April 16 UnitedHealth Group Inc. reported financial results for the first quarter of 2019. Revenue for the quarter was $60.3 billion, representing a 9% growth year-over-year. Earnings from operations increased 19% to $4.8 billion year-over-year while net earnings increased 24% year-over-year to $3.56 per share.

Charles Schwab Corp. (SCHW): Director Charles A. Ruffel bought 2,500 shares

Director Charles A. Ruffel bought 2,500 shares of SCHW stock on May 3 at the average price of $46.1. The price of the stock has decreased by 0.52% since.

Charles Schwab Corp. is a major American bank and brokerage firm. The company provides services for both individuals and institutions that are investing online by offering an electronic trading platform for the purchase and sale of financial securities. The company also provides margin lending and cash management services. The company has a market capitalization of $61.22 billion, and as of May 10 it traded at $45.86

On April 20, Charles Schwab Corp. declared a regular quarterly cash dividend of 8 cents per common share payable on May 26 to stockholders of record at close of business on May 12. Further, the board of directors of the company declared a regular quarterly dividend on the outstanding fixed rate non-cumulative perpetual preferred stock in the amount of $15.00 per share or 37.5 cents per depositary share payable on June 1 to stockholders of record at close of business on May 17.

General Motors Co. (GM): Director Wesley G. Bush bought 10,000 shares

Director Wesley G. Bush bought 10,000 shares of GM stock on May 7 at the average price of $38.58. The price of the stock has decreased by 1.79% since.

General Motors Co. is an American international manufacturer and distributor of vehicles and vehicle parts. The company manufactures cars and trucks in 35 countries, with brands including Buick, Cadillac, Chevrolet, GMC, Holden and Wuling. The company held the title of largest automobile manufacturer from 1931 through 2007. The company has a market capitalization of $53.74 billion, and as of May 10 it traded at $37.89.

On May 8 General Motors Co. announced today that it is adding more than 450 manufacturing jobs in three Ohio cities. The company also said that it is in negotiations with an Ohio-based company that could bring significant production and electric vehicle assembly jobs to the Lordstown Complex.

DTE Energy Co. (DTE): Director Ruth G. Shaw bought 2,000 shares

Director Ruth G. Shaw bought 2,000 shares of DTE stock on May 7 at the average price of $124.27. The price of the stock has increased by 1.39% since.

DTE Energy Co. is an American diversified energy company that specializes in the development and management of energy related businesses and services. The company's portfolio also includes non-utility energy businesses focused on power and industrial projects, energy marketing, and natural gas pipelines. The company has a market capitalization of $23.08 billion, and as of May 10 it traded at $126.00.

On April 24 DTE Energy Co. announced that Ruth G. Shaw has been named lead independent director of the board, effectively immediately. Shaw replaces James B. Nicholson as he retires from the board of directors. Shaw has served on the company's board of directors since 2008.

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.

This article first appeared on GuruFocus.