Yahoo Finance The Independent Chairman of the Board of Argo Group International Holdings, Ltd. (NYSE:ARGO), Thomas Bradley, Just Bought 26% More Shares
Whilst it may not be a huge deal, we thought it was good to see that the Argo Group International Holdings, Ltd. (NYSE:ARGO) Independent Chairman of the Board, Thomas Bradley, recently bought US$83k worth of stock, for US$27.56 per share. That purchase might not be huge but it did increase their holding by 26%.
Check out our latest analysis for Argo Group International Holdings
The Last 12 Months Of Insider Transactions At Argo Group International Holdings
In the last twelve months, the biggest single purchase by an insider was when Independent Director Samuel Liss bought US$248k worth of shares at a price of US$33.72 per share. That means that even when the share price was higher than US$30.00 (the recent price), an insider wanted to purchase shares. Their view may have changed since then, but at least it shows they felt optimistic at the time. We always take careful note of the price insiders pay when purchasing shares. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price.
Happily, we note that in the last year insiders paid US$506k for 15.41k shares. But insiders sold 1210 shares worth US$88k. In total, Argo Group International Holdings insiders bought more than they sold over the last year. You can see a visual depiction of insider transactions (by 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!
Argo Group International Holdings is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Insider Ownership
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 3.5% of Argo Group International Holdings shares, worth about US$36m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
What Might The Insider Transactions At Argo Group International Holdings Tell Us?
It is good to see recent purchasing. And the longer term insider transactions also give us confidence. But we don't feel the same about the fact the company is making losses. When combined with notable insider ownership, these factors suggest Argo Group International Holdings insiders are well aligned, and that they may think the share price is too low. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. At Simply Wall St, we found 2 warning signs for Argo Group International Holdings that deserve your attention before buying any shares.
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, but not derivative transactions.
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This article by Simply Wall St is general in nature. 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. Thank you for reading.
