Multiple insiders secured a larger position in Everest Group, Ltd. (NYSE:EG) shares over the last 12 months. This is reassuring as this suggests that insiders have increased optimism about the company's prospects.
While insider transactions are not the most important thing when it comes to long-term investing, we would consider it foolish to ignore insider transactions altogether.
The Last 12 Months Of Insider Transactions At Everest Group
The Independent Director William Galtney made the biggest insider purchase in the last 12 months. That single transaction was for US$1.0m worth of shares at a price of US$349 each. We do like to see buying, but this purchase was made at well below the current price of US$388. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.
Over the last year, we can see that insiders have bought 6.77k shares worth US$2.4m. On the other hand they divested 1.47k shares, for US$548k. Overall, Everest Group insiders were net buyers during the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.
Insiders At Everest Group Have Bought Stock Recently
At Everest Group,over the last quarter, we have observed quite a lot more insider buying than insider selling. In total, Independent Director William Galtney bought US$1.0m worth of shares in that time. But we did see insider selling worth US$168k. The buying outweighs the selling, which suggests that insiders may believe the company will do well in the future.
Insider Ownership Of Everest Group
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. It's great to see that Everest Group insiders own 1.4% of the company, worth about US$231m. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
So What Does This Data Suggest About Everest Group Insiders?
It is good to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Everest Group. One for the watchlist, at least! Therefore, you should definitely take a look at this FREE report showing analyst forecasts for Everest Group.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.
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.
