Yahoo Finance Andrew Pomfret Is The Non-Executive Chairman of the Board of Sabre Insurance Group plc (LON:SBRE) And They Just Picked Up 114% More Shares
Potential Sabre Insurance Group plc (LON:SBRE) shareholders may wish to note that the Non-Executive Chairman of the Board, Andrew Pomfret, recently bought UK£98k worth of stock, paying UK£1.05 for each share. That certainly has us anticipating the best, especially since they thusly increased their own holding by 114%, potentially signalling some real optimism.
Check out our latest analysis for Sabre Insurance Group
Sabre Insurance Group Insider Transactions Over The Last Year
Notably, that recent purchase by Andrew Pomfret is the biggest insider purchase of Sabre Insurance Group shares that we've seen in the last year. So it's clear an insider wanted to buy, at around the current price, which is UK£1.11. That means they have been optimistic about the company in the past, though they may have changed their mind. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. The good news for Sabre Insurance Group share holders is that insiders were buying at near the current price.
In the last twelve months Sabre Insurance Group insiders were buying shares, but not selling. The average buy price was around UK£1.42. This is nice to see since it implies that insiders might see value around current prices. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
Does Sabre Insurance Group Boast High 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. From our data, it seems that Sabre Insurance Group insiders own 2.0% of the company, worth about UK£5.5m. Whilst better than nothing, we're not overly impressed by these holdings.
What Might The Insider Transactions At Sabre Insurance Group Tell Us?
The recent insider purchases are heartening. We also take confidence from the longer term picture of insider transactions. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on Sabre Insurance Group stock. While we like knowing 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. To help with this, we've discovered 3 warning signs (1 is a bit concerning!) that you ought to be aware of before buying any shares in Sabre Insurance Group.
But note: Sabre Insurance Group may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE 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, but not derivative transactions.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.
Join A Paid User Research Session
You’ll receive a US$30 Amazon Gift card for 1 hour of your time while helping us build better investing tools for the individual investors like yourself. Sign up here
