5 Undervalued Stocks with Latest Insider Purchases

2. Simon Property Group Inc (NYSE:SPG)

Number of Hedge Fund Investors: 27

Simon Property Group Inc (NYSE:SPG) has seen insider buying from several of its board directors recently. In a latest transaction, dated April 1, director Reuben Leibowitz bought 438 shares of Simon Property Group Inc (NYSE:SPG) at $154.19 per share. Over the past one month the stock is down 6%.

Here is what Baron FinTech Fund has to say about S&P Global Inc. (NYSE:SPGI) in its Q3 2023 investor letter:

“Shares of rating agency and data provider S&P Global Inc. gave back some gains from earlier this year due to investor concerns that rising interest rates will weigh on future debt issuance and asset-based fees. Management also removed its 2026 revenue target for the ESG segment due to a more uncertain regulatory landscape and political climate. On a positive note, S&P Global reported strong second quarter financial results, with 7% adjusted revenue growth and 11% EPS growth as ratings issuance returned to growth for the first time in six quarters. Management maintained fullyear guidance as a more favorable outlook for the Ratings and Indices segments offset slower growth in the Market Intelligence segment. We continue to own the stock due to the company’s long runway for growth and significant competitive advantages.”