Around $3M Bet On This Financial Services Stock? Check Out These 3 Stocks Insiders Are Buying

Although US stocks closed lower on Wednesday, there were a few notable insider trades.

When insiders purchase shares, it indicates their confidence in the company's prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.

Below is a look at a few recent notable insider purchases. For more, check out Benzinga's insider transactions platform.

American Assets Trust

• The Trade: American Assets Trust, Inc. AAT Chairman and CEO Ernest Rady acquired a total 320,000 shares an average price of $17.78. To acquire these shares, it cost around $5.69 million.
• What’s Happening: American Assets Trust posted a rise in quarterly EPS.
• What American Assets Trust Does: American Assets Trust Inc is a self-administered real estate investment trust based in the United States.

CNA Financial

• The Trade: CNA Financial Corporation CNA 10% owner Loews Corp acquired a total of 75,025 shares at an average price of $38.97. To acquire these shares, it cost around $2.92 million.
• What’s Happening: CNA Financial reported worse-than-expected Q1 sales results.
• What CNA Financial Does: CNA Financial Corporation (CNAF) is an insurance holding company that provides commercial property and casualty insurance.

Don’t forget to check out our premarket coverage here

Heartland Express

• The Trade: Heartland Express, Inc. HTLD Director Michael John Sullivan bought a total of 2,000 shares at an average price of $14.49. To acquire these shares, it cost around $28.97 thousand.
• What’s Happening: Heartland Express posted downbeat quarterly earnings.
• What Heartland Express Does: Heartland Express Inc is engaged in providing truckload services across the United States and Canada.

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