More Than $8M Bet On This Real Estate Stock? Check Out These 4 Stocks Insiders Are Buying

Although U.S. stocks closed higher on Tuesday, 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.

Howard Hughes

• The Trade: Howard Hughes Holdings Inc. (NYSE:HHH) Director William Ackman acquired a total of 132,320 shares an average price of $67.11. To acquire these shares, it cost around $8.88 million.
• What’s Happening: Howard Hughes said it intends to spinoff new division, Seaport Entertainment, to shareholders by year-end 2024.
• What Howard Hughes Does: Howard Hughes Holdings Inc owns, manages, and develops commercial, residential, and mixed-use real estate throughout the USA.

Texas Capital Bancshares

• The Trade: Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Director Robert Stallings acquired a total of 8,000 shares at an average price of $54.54. To acquire these shares, it cost around $436,320.
• What’s Happening: Texas Capital Bancshares posted better-than-expected quarterly results.
• What Texas Capital Bancshares Does: Texas Capital Bancshares Inc is a secured lender, with the majority of the loans held for investment, excluding mortgage finance loans and other national lines of business.

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Truist Financial

• The Trade: Truist Financial Corporation (NYSE:TFC) Chairman and CEO William Rogers Jr bought a total of 10,000 shares at an average price of $28.05. To acquire these shares, it cost around $280,480.
• What’s Happening: Truist Financial said revenues in the third quarter fell 2.7% year-over-year to $5.73 billion, beating the consensus of $5.7 billion.
• What Truist Financial Does: Based in Charlotte, North Carolina, Truist is the combination of BB&T and SunTrust. Truist is a regional bank with a presence primarily in the Southeastern United States.

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Cass Information Systems

• The Trade: Cass Information Systems, Inc. (NASDAQ:CASS) President and CEO Martin H Resch bought a total of 1,000 shares at an average price of $36.50. The insider spent around $36,500 to buy those shares.
• What’s Happening: The company posted better-than-expected quarterly sales.
• What Cass Information Systems Does: Cass Information Systems Inc is a provider of payment and information processing services to large manufacturing, distribution and retail enterprises across the United States.