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• Latest SYY SEC Filings

Filings Format Description Filing Date File/Film Number
4  Documents Statement of changes in beneficial ownership of securities
Acc-no: 0000096021-20-000056 Size: 4 KB
2020-06-30
4  Documents Statement of changes in beneficial ownership of securities
Acc-no: 0000096021-20-000054 Size: 4 KB
2020-06-30
4  Documents Statement of changes in beneficial ownership of securities
Acc-no: 0000096021-20-000052 Size: 4 KB
2020-06-30
4  Documents Statement of changes in beneficial ownership of securities
Acc-no: 0000096021-20-000050 Size: 4 KB
2020-06-30
4  Documents Statement of changes in beneficial ownership of securities
Acc-no: 0000096021-20-000048 Size: 4 KB
2020-06-30
8-K  Documents   Interactive Data Current report, items 1.01, 2.03, and 9.01
Acc-no: 0001193125-20-150235 (34 Act)  Size: 1 MB
2020-05-22 001-06544
20906785
4  Documents Statement of changes in beneficial ownership of securities
Acc-no: 0001209191-20-030701 Size: 16 KB
2020-05-19
4  Documents Statement of changes in beneficial ownership of securities
Acc-no: 0001209191-20-030700 Size: 16 KB
2020-05-19
4  Documents Statement of changes in beneficial ownership of securities
Acc-no: 0000096021-20-000046 Size: 7 KB
2020-05-15
10-Q  Documents   Interactive Data Quarterly report [Sections 13 or 15(d)]
Acc-no: 0000096021-20-000044 (34 Act)  Size: 18 MB
2020-05-06 001-06544
20850508
More SYY SEC Filings


Related news from
Fri, 03 Jul 2020
13:36:55 +0000
Do Institutions Own Sysco Corporation (NYSE:SYY) Shares?
A look at the shareholders of Sysco Corporation (NYSE:SYY) can tell us which group is most powerful. Large companies...
Thu, 02 Jul 2020
18:35:13 +0000
Sysco Stock Is Still a Gamble Until Pandemic Concerns Dissipate
Seven months ago, Sysco (NYSE:SYY) was a solid investment. SYY stock had posted a decade of sustained growth, and last December closed at $85.80, an all-time record high. The company was also a dividends champ. Then, the novel coronavirus pandemic derailed Sysco, as it did most stocks. However, the stock has been slower to recover than many. Currently trading around the $54 level, it's still down 37% from its December 2019 levels.Source: JHVEPhoto/Shutterstock.com So does that makes Sysco's stock a buy? I think it's pretty risky, and I'll explain why in a moment. SYY stock currently has a C-Rating in my Portfolio Grader, although it does maintain its A-Rating in my Dividend Grader. InvestorPlace - Stock Market News, Stock Advice & Trading Tips The Pandemic Decimated the Restaurant SectorSysco's business is focused on the food service industry. The company sells and distributes food and food preparation equipment to restaurants, as well as hospitals, nursing homes, schools, military bases and hotels. If you happen to be up at the crack of dawn and walking through an urban center, you'll see the Sysco trucks rumbling from restaurant to restaurant.At least you did prior to the arrival of the coronavirus pandemic.With the coronavirus lockdown, restaurants were forced to shut their dining rooms. Those that could pivoted to takeout, but that volume couldn't match their normal level of business. That meant orders for food and equipment from Sysco took a hit.In its third-quarter fiscal 2020 earnings report (released on May 5) Sysco showed the damage to its business. Sales of $13.7 billion for the quarter were down 6.5% year-over-year. Analysts had been looking for earnings per share of 84 cents, but instead the company reported EPS of 45 cents. Not just a miss, but down significantly from the 79 cents per share posted a year ago. * 7 Utilities Stocks to Buy With Reassuring Dividends How bad has the pandemic been? Sysco included this introduction in its earnings press release: "Over the last 50 years, Sysco has weathered its share of exogenous shocks and economic crises, and each time Sysco has remained a resolute foodservice industry leader. The extent of the COVID-19 crisis is more substantial than any other throughout the company's history."So it was good news for Sysco that states have begun reopening restaurants. Or is it? Restaurants are Re-ClosingThe reopening of restaurants across the U.S. has not gone well. Covid-19 cases are on the rise, there are battles over wearing masks, and many restaurants that had reopened in recent weeks are now closing again.Patio dining is a lifeline to some -- offering an opportunity for social distancing and fresh air -- but that only works during good weather. And what happens in the winter? A Coronavirus Vaccine Is KeyThere are many industries that are desperately waiting for the arrival of a coronavirus vaccine. Airlines, hotels and cruise lines are in big trouble until people can safely travel once again. The biotech industry is all hands on deck, racing to develop a vaccine.The restaurant industry is also hurting and in a position where business won't return to any semblance of normalcy until a vaccine is available. While fast food chains are faring better thanks to their focus on takeout, the industry has been devastated. As of the end of March, an estimated 30,000 U.S. restaurants had closed permanently. That number is projected to soon pass 110,000, according to the National Restaurant Association. The coronavirus pandemic has hammered restaurant stocks, even the fast food giants that are less impacted by the closure of dining rooms. McDonald's (NYSE:MCD) is still down 7.3% for 2020. Pizza Hut and Taco Bell owner Yum! Brands (NYSE:YUM) is down nearly 14%. Cheesecake Factory (NASDAQ:CAKE), which was built around casual in-restaurant dining, has seen its shares lose over 43% of their value so far this year.SYY stock has reflected the doom and gloom surrounding its key customer base, shedding 34% of its value since the start of the year. Bottom Line on SYY StockSysco is a gamble at this point. On the plus side, you have a company that dominates its industry. It has seen its shares steadily gain in value over the past decade, and it's a solid performer on the dividend front.Even during the worst of the coronavirus pandemic, it still had customers like hospitals and military bases that require restocking. Its fast-food customers have been more resilient than others. And Sysco has operations in other countries that are in more advanced stages of pandemic recovery.However, there is a real risk that the U.S. restaurant industry -- Sysco's core business -- is going to be hit even worse than it has been. The U.S. is setting daily coronavirus infection records, and some restaurants that had reopened have been closing down again. Many of these may never reopen again, even if a vaccine is found. That gloomy prognosis makes me wary of SYY stock at this point. It may yet recover, but I think even in a best case scenario the path back to its 2019 levels is going to be a long one.Louis Navellier had an unconventional start, as a grad student who accidentally built a market-beating stock system -- with returns rivaling even Warren Buffett. In his latest feat, Louis discovered the "Master Key" to profiting from the biggest tech revolution of this (or any) generation. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. More From InvestorPlace * Why Everyone Is Investing in 5G All WRONG * America's 1 Stock Picker Reveals His Next 1,000% Winner * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * Radical New Battery Could Dismantle Oil Markets The post Sysco Stock Is Still a Gamble Until Pandemic Concerns Dissipate appeared first on InvestorPlace.
Wed, 24 Jun 2020
21:27:00 +0000
The S&P 500 is cheaper — and more profitable — than you think
OUTSIDE THE BOX Don’t fret second-quarter earnings. They’re distorted by numerous unusual losses (hidden and reported) missed by analysts. The stock market is cheaper and profitability is better than Wall Street would have you believe.
Mon, 22 Jun 2020
12:00:10 +0000
Sysco Donates 30 Million Meals, ‘Making Every Case Count’ in a Global Effort to Support Vulnerable, Food-Insecure Citizens
Today, Sysco announced it has donated 30 million meals across eight countries since mid-March as part of its community response strategy to the COVID-19 pandemic. With millions more people around the world seeking food assistance, Sysco worked closely with suppliers, customers and government entities, along with key partners like Feeding America in the U.S., Second Harvest in Canada, FareShare in the U.K. and FoodCloud in Ireland, among others, to distribute food to those who need it most. “When the pandemic reduced demand for restaurants and other food-away-from-home establishments worldwide, Sysco associates acted quickly to re-direct millions of cases of food to local organizations dedicated to getting nutritious food into the hands of those in need,” said Neil Russell, Sysco’s vice president, corporate affairs.
Mon, 15 Jun 2020
15:06:15 +0000
Sysco (SYY) Stock Is Incredibly Cheap Right Now
Broyhill Asset Management, a boutique investment firm based in North Carolina, released its Q1 2020 Investor letter – a copy of which can be downloaded here. Established as a family office, the company invests with a long-term, objective, and rational perspective. You should check out Broyhill Asset Management's top 5 stock picks for investors to […]
Mon, 15 Jun 2020
12:00:10 +0000
Sysco Launches New Interactive Virtual ‘Restaurant Readiness Tool’ for Operators
Today, Sysco announced the launch of its Restaurant Readiness Tool, a first-of-its kind simulation that intuitively provides a comprehensive view of best practices, key considerations and essential supplies for operators re-opening their restaurants as COVID-19 stay-at-home orders continue to ease. The Restaurant Readiness Tool enables operators to tour a virtual restaurant where they experience an immersive, 360-degree view of the establishment. This is accomplished through a series of videos, lists of recommended products and links to helpful services, all with seamless access to Sysco’s state-of-the-art shopping platform, Sysco SHOP.
Fri, 12 Jun 2020
14:36:00 +0000
3 Dividend Stocks You Can Safely Hold
More important, payouts serve as an incentive for investors to hold the stock should the industry or the broader market turn downward. Investors may also look to industries that remain steady regardless of economic cycles. Stocks fitting these descriptions bring a high likelihood that they will maintain growth and dividend streaks that will continue for decades.
Thu, 11 Jun 2020
14:19:02 +0000
Sysco (SYY) Looks Well Poised on Diversified Business Lines
Sysco (SYY) is likely to gain from its efforts to boost revenues by tapping diversified business channels.
Wed, 10 Jun 2020
21:00:10 +0000
Sysco to Webcast From the Jefferies Virtual Consumer Conference
Sysco Corporation (SYY) today announced that the Company will webcast from the Jefferies Virtual Consumer Conference on Wednesday, June 24, at 8:30 a.m. ET. The live webcast for the event can be accessed at investors.sysco.com. For purposes of public disclosure, including this and future similar events, Sysco uses the investor relations portion of its website as the primary channel for publishing key information to its investors, some of which may contain material and previously non-public information.
Tue, 09 Jun 2020
11:00:25 +0000
Fed Needs Better Answers on Runaway Markets and Inequality
(Bloomberg Opinion) -- Federal Reserve officials don’t like to talk about asset inflation.This is hardly surprising. The levels of stocks and corporate bonds, after all, aren’t part of their stated dual mandate of maximum employment and stable prices. Moreover, the central bank has tried desperately to come off as not just catering to Wall Street interests since the 2008 financial crisis. Fed Chair Jerome Powell has emphasized the importance of its “Fed Listens” forums, for one. Just last week, the New York Fed detailed a new event series called “The Fed and Main Street,” which aims “to discuss the challenges faced by vulnerable communities and highlight opportunities to work together toward an equitable economic recovery.”Such a statement sounds a little tone-deaf after the events of the past few months. The coronavirus pandemic has caused tens of millions of lower-paid and disproportionately black and Hispanic Americans to lose employment income while protests continue across the U.S. against systemic racism and police brutality. The Fed, meanwhile, has been given the lion’s share of credit for the V-shaped recovery in asset prices after increasing its balance sheet by $3 trillion and seizing control of bond markets. To further point out the contrast between Main Street and Wall Street:Main Street: The U.S. unemployment rate is 13.3%, up from 3.5% at the start of the year. Even though the federal government expanded aid, almost one-third of unemployment benefits estimated to be owed weren’t paid as of last week, and the program is set to end after July. Wall Street: The Fed’s corporate credit facilities opened up the bond market for Sysco Corp., Toyota Motor Corp., Omnicom Group Inc. and Cinemark Holdings Inc. Each company raised billions of dollars in cash — and then fired workers. In Sysco’s case, dividends to shareholders will continue. Main Street: The Fed found that among people working in February, almost 40% of those in households making less than $40,000 a year had lost a job in March. Broadly, more than half of households making less than $50,000 experienced a loss in employment income because of Covid-19 as of late May. Bloomberg Economics forecasts that the next wave of job cuts will target millions of higher-paid workers. Wall Street: The S&P 500 Index recently staged its biggest 50-day rally on record and is now higher than it was coming into 2020, up more than 47% from its March intraday low. The tech-heavy Nasdaq eclipsed its all-time high. Dave Portnoy is becoming an incarnation of market sentiment, recently boasting: “Stocks only go up. Only losers take profits.”This is a huge discrepancy that will have serious implications for the American economy should it persist. The Fed’s own data show that slightly more than half of U.S. households (about 65 million) own stocks in some form, with a median value of $40,000. But that doesn’t come close to telling the whole story. A Securities Industry and Financial Markets Association analysis from October breaks down holdings even further, which is best represented with a chart:In the Fed’s own words, wealth tends to increase “because of the feedback effect on higher incomes from the returns generated by accumulated assets.” Meanwhile, ownership of equities “varies substantially” based on race. More than 60% of white families own stocks, either directly or through a retirement account, compared with 31% and 28% for black and Hispanic families, respectively. This follows directly from the large gap in median net worth among the groups:So, the wealthiest Americans, who own the largest share of financial assets, are reaping the biggest windfalls from the Fed’s unprecedented intervention across financial markets. Meanwhile, according to minutes of the central bank’s December meeting, central bankers heard at their “Fed Listens” forums that retirees were struggling with rising health-care costs and representatives of low- and middle-income communities flagged the increased prices of basic necessities like food, housing and utilities. Their incomes might have gone down lately, but those costs haven’t. The Fed has no good answer for this. Analysts are already pondering whether the central bank’s $600 billion Main Street Lending Program, put in place to save U.S. small businesses and tens of millions of jobs, is destined to fail. Bill Dudley, the former New York Fed President and Bloomberg Opinion contributor, spelled out the issue candidly in a Bloomberg TV interview last week:“The Fed’s monetary policy tools are really about supporting economic activity and driving the economy to higher levels of employment. However, that can actually cause financial asset values to go up, and that can actually exacerbate inequality. The Fed’s choices: not have a recovery, have less inequality; or have a recovery with buoyant financial asset prices and more inequality. The Fed’s tools are just not suited to address the inequality problem. It’s pretty much that binary.How does the Fed actually get money to millions of households and small businesses? That’s difficult to do operationally. It’s much easier to intervene in the capital markets, where the Fed can rely on counter-parties, primary dealers and others, to essentially help the Fed buy financial assets.”Torsten Slok, chief economist at Deutsche Bank, put it even more bluntly in a recent report. “Fed balance sheet expansion and banking sector money creation are used for savings and purchasing financial assets,” he wrote. “You can increase the Fed balance sheet and the money supply as much as you want, if the money goes into asset transactions rather than GDP transactions it will not be inflationary.” Except, of course, for asset prices.It’s important to say that out loud, particularly when Fed officials use euphemisms like providing “liquidity” to the system or restoring “market functionality,” while lamenting a lack of wage growth and inflation in consumer prices. Years of near-zero interest rates and quantitative easing are one reason investment proceeds have increased as a share of total income since the end of the last recession while those from wages and other labor sources have tumbled. It looks as if the Fed’s answer to the coronavirus crisis will only serve to exacerbate those trends. There are no easy answers. Dudley acknowledged in a Bloomberg Opinion column last week that the Fed has encouraged moral hazard. “This doesn’t seem to be a good road to stay on,” he said. “But getting off it is very difficult. After all, no one wants to risk a depression in order to teach hedge funds, mortgage REITs or mutual-fund investors a lesson.”Maybe there’s middle ground. Central bankers will probably never do this, but imagine if they explicitly factored asset inflation into their policy decisions and mandate for stable prices. If stocks or other risky investments started to run higher, at a level well beyond their historical rate of return, that would be a signal that they should increase short-term interest rates or shut down bond-buying programs. That, in turn, would increase the cost of credit and could prevent some of the questionable corporate-finance maneuvers from the last expansion — think debt sales used to fund share buybacks, or the prevalence of “zombie firms,” which do little to aid most Americans.As it stands, the Fed merely monitors undefined “financial conditions.” According to the Bloomberg U.S. Financial Conditions index, they are now just as accommodative as they were when the central bank raised interest rates in March 2018 and December 2018. The same goes for a Bloomberg index that layers indicators of asset-price bubbles — like tech-share prices and the housing market — on top of the original parameters. Why not have a stated target for financial conditions and pledge to take action when it’s breached?I concede it’s hardly a perfect solution. But at least it’s something, rather than widespread acknowledgment that the current strategy isn’t ideal but that there’s simply no other way. It’s telling that only after the longest U.S. economic expansion in history did job gains reach parts of the population that had been previously left behind. Will those same people have to wait another decade this time around?Powell and his colleagues need a better answer on asset inflation and income inequality. I’d press the Fed chair on this topic if I were asking questions on Wednesday after the Federal Open Market Committee meeting. Pledging to talk with leaders in low-income communities — and communities of color in particular — is a good first step.But it’s not enough. The word “unprecedented” is often tossed around when describing the Fed’s interventions in recent months. As of now, it looks as if those actions will also create new extremes between America’s “haves” and “have-nots.” This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Brian Chappatta is a Bloomberg Opinion columnist covering debt markets. He previously covered bonds for Bloomberg News. He is also a CFA charterholder.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Sat, 06 Jun 2020
18:35:32 +0000
Barron's Picks And Pans: Sysco, Twitter, Zoom Video And More
* This weekend's Barron's cover story wonders whether a beleaguered social media giant may be headed higher. * Other featured articles look at where CEOs and corporations stand as racial tensions flare up. * Also, the prospects for small-cap gold miners, food distributors, a Las Vegas REIT and more.Cover story "Twitter's Biggest Fight Yet" by Bill Alpert shows how Twitter Inc (NYSE: TWTR) founder and CEO Jack Dorsey is facing pressure from inside the boardroom and from the White House. Could it be a recipe for stock gains?Beverly Goodman, Reshma Kapadia and Leslie P. Norton's "These CEOs Are Speaking Out Against Racism" shares the thoughts of the Bank of America Corp (NYSE: BAC) CEO and others who have decided to take on more of a leadership role in the wake of nationwide civil unrest.In "Can Big Business Fix Racial Injustice? It Has to Try," Norton points out that there is a serious call to action brewing, and some top CEOs are stepping up to lead the way. How will investors at Intel Corporation (NASDAQ: INTC) and others react?SSR Mining Inc (NASDAQ: SSRM) could be a golden opportunity as it merges with another small-cap miner, especially with gold prices rising. So says "Gold-Mining Merger Could Add Sparkle to This Company's Shares" by Nicholas Jasinski.In Kapadia's "Amid U.S.-China Tensions, Active Managers Are Buying," see why American fund managers aren't worried about the rising ill will -- they're buying the likes of JD.Com Inc (NASDAQ: JD) and Pinduoduo Inc (NASDAQ: PDD).See also: Rocket Ship? Experts React To Shocking May Jobs Report"3 Stocks That Could Benefit When Dining Out Returns" by Daren Fonda examines why SYSCO Corporation (NYSE: SYY) and other food distributors stand to gain even if many local restaurants never reopen. Are they worth betting on?See why Zoom Video Communications Inc (NASDAQ: ZM) doubled its revenue outlook for the year, but the stock barely budged, according to Eric J. Savitz's "Zoom Delivers a Perfect Quarter--and a Cautionary Tale."In "A Safe Vegas Dividend-Yield Play: MGM Growth Properties," Lawrence C. Strauss discusses how, though Las Vegas is reopening, attractive dividend yields look scarce. Barron's thinks MGM Growth Properties LLC (NYSE: MGP) sports an attractive and arguably safe yield.Also in this week's Barron's: * Why the jobs report isn't quite as good as it seems * What to do when both bears and bulls make sense * Why income investors should rethink bonds * What Donald Trump said about Warren Buffett * Antibody drugs that could help curb the pandemic * What to do if employers cut their 401(k) matchAt the time of this writing, the author had no position in the mentioned equities.Keep up with all the latest breaking news and trading ideas by following Benzinga on Twitter.See more from Benzinga * Notable Insider Buys This Past Week: Berkshire Hathaway, Sysco And More * Barron's Picks And Pans: Cisco, Gilead, Netflix, Wayfair And More(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Fri, 05 Jun 2020
21:03:00 +0000
Americans Will Start Dining Out Again. These 3 Restaurant Suppliers Could Benefit.
Distributors Sysco, US Foods, and Performance Food stand to gain even if many local restaurants never reopen. Why some big investors are betting on them.
Thu, 04 Jun 2020
15:31:03 +0000
Why Is Sysco (SYY) Up 13.9% Since Last Earnings Report?
Sysco (SYY) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Wed, 03 Jun 2020
14:15:00 +0000
Why Sysco Is a Retiree's Dream Stock
The COVID-19 pandemic has revealed a major hole in Sysco's (NYSE: SYY) otherwise-solid business model -- a model that has served it and its shareholders well for decades. The company caterers to the foodservice industry, selling foods and other products to restaurants, educational institutions, and hospitality businesses; as such, Sysco was knocked back on its heels when the coronavirus forced virtually all of those outlets to shut down. Over the past 50 years, Sysco has returned over 30,000% to investors compared to returns of 2,800% by the S&P 500 as a whole, so considering only its performance over just two (admittedly terrible) months is clearly the wrong way to gauge it as an investment.
Wed, 03 Jun 2020
07:24:11 +0000
SYSCO Corporation (SYY): Hedge Funds Are Snapping Up
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. Insider Monkey finished processing 821 13F filings submitted by hedge funds and prominent investors. These filings show these funds' portfolio positions as of March 31st, 2020. […]
Tue, 02 Jun 2020
20:52:00 +0000
Could Sysco Corp. Stock Really Be Headed to $64?
While Sysco Corp. (NYSE: SYY) has been hard hit by the COVID-19 pandemic, at least one analyst believes the company has made the right moves and has the strategy in place to improve its business post-crisis. Nicole Miller Regan, a Piper Sandler analyst, has upgraded Sysco to "overweight" and with that upgrade boosted Sysco's price target from $58 up to $64, suggesting a roughly 12% premium to today's trading price. Sysco has been hit with a 15% stock price decline over the past three months.
Wed, 27 May 2020
04:49:49 +0000
Edited Transcript of SYY earnings conference call or presentation 5-May-20 2:00pm GMT
Q3 2020 Sysco Corp Earnings Call
Sun, 24 May 2020
15:14:13 +0000
Top Insider Buys Highlight for the Week of May 22
The largest Insider Buys this week were for Sysco Corp., TransDigm Group Inc., American Water Works Co. Inc. and Corteva Inc. Continue reading...
Sat, 23 May 2020
19:14:37 +0000
Notable Insider Buys This Past Week: Berkshire Hathaway, Sysco And More
* Insider buying can be an encouraging signal for potential investors. * Directors stepped up to make sizable share purchases last week. * Some of those transaction came in the wake of earnings reports.Conventional wisdom says that insiders and 10% owners really only buy shares of a company for one reason -- they believe the stock price will rise and they want to profit. So insider buying can be an encouraging signal for potential investors, particularly during periods of uncertainty.Insiders continued to add shares despite overall market volatility and global economic gloom. Here are some of the most noteworthy insider purchases reported in the past week.Sysco Activist investor Nelson Peltz and one other SYSCO Corporation (NYSE: SYY) director each indirectly added 103,700 shares of this food services giant to their stakes. At per-share prices ranging from $50.29 to $52.27, that totaled more than $10.74 million altogether. Note that these two directors also purchased 600,000 shares each in the previous week.Sysco's disappointing fiscal third-quarter earnings posted earlier this month were followed by lowered price targets. The stock ended last week's trading at $51.75 per share, still within the above purchase price range. The share price is up more than 47% since its year-to-date low in March.Berkshire Hathaway Berkshire Hathaway Inc. (NYSE: BRK-B) saw a director purchase nearly 1,000 shares of this Omaha-based conglomerate last week at $173.30 per share. The same director also bought eight of the class A shares via family trust. Those cost $261,002.63 apiece. The total for these transactions was more than $2.26 million.CEO Warren Buffett has been uncharacteristically cautious so far this year. The B shares ended last week up about 3% to $175.07, while the A shares were last seen trading at $263,094.00 apiece. The timing of that director's purchases seems fortunate.Mercury General Mercury General Corporation (NYSE: MCY) founder and board chair George Joseph stepped up to the buy window again last week. He bought more than 84,000 shares for $38.72 to $38.86 apiece, which totaled almost $3.28 million. Joseph also purchased over 447,000 shares in the previous week.Shares of this Los Angeles-based insurer closed most recently at $39.24 a share. That is above the most recent purchase price range. It is also more than 10% higher than the year-to-date low during the pandemic panic selling back in March, and the analysts' consensus price target is up at $44.See also: Activist Investor Nelson Peltz Says He Is Putting New Capital To WorkIn addition, note that there was some amount of insider buying at Arch Capital Group Ltd. (NASDAQ: ACGL), Arconic Corp (NYSE: ARNC), Carrier Global Corp (NYSE: CARR) and Green Dot Corporation (NYSE: GDOT) last week as well.At the time of this writing, the author had no position in the mentioned equities.Keep up with all the latest breaking news and trading ideas by following Benzinga on Twitter.See more from Benzinga * Barron's Picks And Pans: Berkshire Hathaway, Carvana, Madison Square Garden And More * Bulls And Bears Of The Week: Caterpillar, Facebook, Microsoft And More * Barron's Picks And Pans: Berkshire Hathaway, Disney, SoftBank And More(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.



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