Exec Insider Financial Stock Sales in Second Week of December

The Dow Jones Industrial Average and S&P 500 Index are higher over 2% today. Insiders were bearish on these stocks in the Financial sector for the week ending December 16th, 2011:

Robert Cusumano who is General Counsel at ACE Limited (NYSE:ACE), sold 500 shares on Dec 09 at $69.19 per share for a total value of $34,593. The shares recently traded at $66.29, down $3.08, or 4.44% since the insider sale. About the company: ACE Limited is the holding company for the ACE Group of Companies, a property and casualty insurance business. The Group provides a diversified range of products and services to clients through operations in countries around the world. ACE provides specialty insurance and reinsurance products. Get the most recent company news and stock data here >>

Atwood Collins who is Executive Vice President at M&T Bank Corp. (NYSE:MTB), sold 4,996 shares on Dec 13 at $72.09 per share for a total value of $360,177. The shares recently traded at $71.30, up $0.33, or 0.46% since the insider sale. About the company: M&T Bank Corporation is a bank holding company. The Company, through its banking subsidiaries, offer a variety of commercial banking, trust, and investment services to their customers. M&T Bank operates branch offices in New York, Maryland, Pennsylvania, Delaware, New Jersey, Virginia, West Virginia and the District of Columbia. Get the most recent company news and stock data here >>

Thomas R Watjen who is President and CEO at Unum Group (NYSE:UNM), sold 3,493 shares on Dec 13 at $21.15 per share for a total value of $73,877. The shares recently traded at $19.91, down $0.6, or 2.93% since the insider sale. About the company: Unum Group provides group disability and special risk insurance. The Company provides disability insurance, group life insurance, and payroll-deducted voluntary benefits offered to employees at their worksites. Get the most recent company news and stock data here >>

Larry M Hutchison who is EVP & General Counsel at Torchmark Corp. (NYSE:TMK), sold 22,527 shares on Dec 13 at $42.90 per share for a total value of $966,433. The shares recently traded at $41.61, down $0.33, or 0.79% since the insider sale. About the company: Torchmark Corporation is an insurance and financial services holding company. The Company’s subsidiaries offer life and health insurance, and annuities. Life products include traditional and interest sensitive whole life insurance as well as term life insurance. Health products include Medicare supplement, cancer, accident, long-term care, and limited hospital and surgical coverages. Get the most recent company news and stock data here >>

Ronald L Havner Jr who is CHAIRMAN & CEO at Public Storage (NYSE:PSA), sold 46,683 shares on Dec 14 at $126.87 per share for a total value of $5,922,602. The shares recently traded at $127.83, up $0.83, or 0.65% since the insider sale. About the company: Public Storage is a real estate investment trust. The trust’s principal business activities include the acquisition, development, ownership and operation of self-storage facilities in the United States. Public Storage also own an equity interest in an owner and operator of self-storage facilities in Europe. Get the most recent company news and stock data here >>

James F Flaherty who is President & CEO at HCP, Inc. (NYSE:HCP), sold 9,400 shares on Dec 14 at $38.69 per share for a total value of $363,700. The shares recently traded at $38.60, up $0.01, or 0.03% since the insider sale. About the company: HCP, Inc. is a real estate investment trust. The Trust invests in health care related real estate throughout the United States. HCP’s properties include senior housing, life sciences, medical offices, hospitals, and skilled nursing homes. Get the most recent company news and stock data here >>

Erin C Ibele who is Sr. VP-Admin. & Corp. Secy. at Health Care REIT Inc. (NYSE:HCN), sold 7,034 shares on Dec 16 at $51.50 per share for a total value of $362,251. The shares recently traded at $51.46, down $0.58, or 1.11% since the insider sale. About the company: Health Care REIT, Inc. is a real estate investment trust. The Trust invests in senior housing and health care real estate. Health Care also provide an extensive array of property management and development services. The trust owns interests in nursing homes, retirement centers, assisted living facilities, and specialty care hospitals. Get the most recent company news and stock data here >>

(Note: Selected financial data are sourced from publicly available SEC filings. All data are assumed to be accurate.)

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