Top Insider Trades: AGCO, JNS, JACK, HFC

By Jonathan Moreland, founder of Insider Insights and author of Profit From Legal Insider Trading.

NEW YORK ( TheStreet) -- It is a victory for common sense. Tracking the trading behavior of company executives, directors and large shareholders in the stocks of firms they're registered in as "insiders" has proven to be profitable, according to both academic studies and (more importantly) the experience of professional investors.

Below are lists of the top 10 mainly open-market insider purchases and sales filed at the Securities and Exchange Commission Tuesday, Nov. 27, 2012 as ranked by dollar value. Please note, however, that these are only factual lists, not buy and sell recommendations. Dollar value is only one metric to assess the importance of an insider transaction, and, frankly, often not even the most important metric that determines if an insider transaction is significant.

At, we find new investment ideas just about every day using these and more intricate insider screens to determine where we should focus our subsequent fundamental and technical analysis. And while stocks don't (or shouldn't) move up or down based on insider activity alone, insiders tend to be good indicators of when real stock-moving events like earnings surprises, corporate actions, and new products may be in the offing.

So use these regular Top Insider Trades columns as the initial research tools they are meant to be, and click the links in the tables to analyze a company's or insider's full insider history. Also feel free to contact us with any questions on our proprietary insider data, and how it is best analyzed.
AGCO (AGCO) Srinivasan Mallika DIR 160,940 7,298,855
Janus Capital (JNS) Dai Ichi Life BO 578,431 4,889,182
Opko (OPK) Frost Phillip CEO,CB,BO 65,000 287,950
Isramco (ISRL) Naphtha BO 2,504 221,593
Jack In The Box (JACK) Myers James DIR 7,500 204,362
Amer 1st (ATAX) Krauss George DIR 30,950 199,937
Lucid (LCDX) Shea William DIR 111,000 156,150
Cys (CYS) Hughes Jeffrey DIR 10,000 126,500
Huntington (HBAN) Neu Richard DIR 20,000 125,200
Global Geo. (GGS) White Richard PR,CEO 25,000 101,500
Source: Insider Insights
Google (GOOG) Schmidt Eric CB,DIR 63,193 42,242,447
Reynolds (RAI) Brown & Williamson BO 250,280 10,511,760
Hollyfrontier (HFC) Clifton Matthew CB,DIR 150,000 6,755,100
Jda Software (JDAS) Armstrong James DIR 133,371 5,955,205
Lumber Liq. (LL) Sullivan Thomas CB,F,DIR 100,000 5,379,790
Carnival (CCL) Frank Howard VCB,COO,DIR 100,816 3,881,416
Independent (INDB) Spurr John DIR 89,213 2,507,037
Sensient Tech (SXT) Hobbs Richard VP,CFO 63,874 2,263,969
Epl Oil & Gas (EPL) Wexford Capital BO 109,583 2,181,714
Bank/Ozarks (OZRK) Gleason George CB,CEO,BO 60,000 1,942,663
Source: Insider Insights

Key to Titles: A=Assistant, AI=Affiliated Investor, AO=Accounting Officer, BD=Business Development, BO=Beneficial Owner, CAO=Chief Accounting Officer, CB=Chairman, CCO=Chief Compliance Officer, CEO=Chief Executive Officer, CFO=Chief Financial Officer, CIO=Chief Information Officer, CO=Compliance Officer, COO=Chief Operating Officer, CT=Controller, CTO=Chief Technology Officer, DIR=Director, EVP=Executive Vice President, F=Founder, FO=Financial Officer, GC=General Counsel, HR=Human Resources, IO=Information Officer, IR=Investor Relations, LO=Legal Officer, MD=Managing Director, O=Officer, OO=Operating Officer, PR=President, PT=Partner, REL=Relative of an insider, SEC=Secretary, SH=Shareholder, SO=Sales Officer, TO=Technology Officer, TR=Treasurer, TT=Trustee, VCB=Vice Chairman, VP=Vice President, X=Ex Officer or other title displayed.
Jonathan Moreland is the founder of, which produces a weekly newsletter and offers professional screening and alerting tools to analyze a proprietary, real-time insider data feed. He is also the principal of Insider Asset Management, a registered investment advisor in New York. Mr. Moreland has been analyzing insider data professionally for two decades and has been a contributor to since 2001. A fundamental analyst with an MBA in finance, Mr. Moreland long ago identified insider data as an excellent first screen to determine where to focus his research efforts. He is quoted frequently in the media for his insider analysis and stock recommendations stemming from it. He is also author of Profit From Legal Insider Trading.

Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. While he cannot provide investment advice or recommendations, Moreland appreciates your feedback; click here to send him an email.