Yahoo Finance CFO & Executive Director of OUTsurance Group Picks Up 76% More Stock
Those following along with OUTsurance Group Limited (JSE:OUT) will no doubt be intrigued by the recent purchase of shares by Jan Hofmeyr, CFO & Executive Director of the company, who spent a stonking R20m on stock at an average price of R42.27. That purchase boosted their holding by 76%, which makes us wonder if the move was inspired by quietly confident deeply-felt optimism.
See our latest analysis for OUTsurance Group
The Last 12 Months Of Insider Transactions At OUTsurance Group
In fact, the recent purchase by Jan Hofmeyr was the biggest purchase of OUTsurance Group shares made by an insider individual in the last twelve months, according to our records. We do like to see buying, but this purchase was made at well below the current price of R47.09. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.
In the last twelve months OUTsurance Group insiders were buying shares, but not selling. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
OUTsurance Group is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket.
Insider Ownership
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 0.2% of OUTsurance Group shares, worth about R139m, according to our data. Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!
So What Do The OUTsurance Group Insider Transactions Indicate?
The recent insider purchases are heartening. And the longer term insider transactions also give us confidence. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about OUTsurance Group. Nice! While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. While conducting our analysis, we found that OUTsurance Group has 1 warning sign and it would be unwise to ignore it.
Of course OUTsurance Group may not be the best stock to buy. So you may wish to see this free collection of high quality companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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