UK Markets open in 2 hrs 17 mins
  • NIKKEI 225

    28,357.73
    +233.45 (+0.83%)
     
  • HANG SENG

    24,186.34
    -196.98 (-0.81%)
     
  • CRUDE OIL

    84.21
    +0.39 (+0.47%)
     
  • GOLD FUTURES

    1,818.90
    +2.40 (+0.13%)
     
  • DOW

    35,911.81
    -201.79 (-0.56%)
     
  • BTC-GBP

    31,162.09
    -489.74 (-1.55%)
     
  • CMC Crypto 200

    1,023.71
    -2.02 (-0.20%)
     
  • Nasdaq

    14,893.75
    +86.95 (+0.59%)
     
  • ^FTAS

    4,256.59
    -16.64 (-0.39%)
     

Independent Chairman David Roberts Just Bought 20% More Shares In Beazley plc (LON:BEZ)

  • Oops!
    Something went wrong.
    Please try again later.
·2-min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

Whilst it may not be a huge deal, we thought it was good to see that the Beazley plc (LON:BEZ) Independent Chairman, David Roberts, recently bought UK£50k worth of stock, for UK£2.95 per share. While we're hesitant to get too excited about a purchase of that size, we do note it increased their holding by a solid 20%.

Check out our latest analysis for Beazley

The Last 12 Months Of Insider Transactions At Beazley

Notably, that recent purchase by Independent Chairman David Roberts was not the only time they bought Beazley shares this year. Earlier in the year, they paid UK£3.19 per share in a UK£50k purchase. That means that even when the share price was higher than UK£3.05 (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. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price.

In the last twelve months Beazley insiders were buying shares, but not selling. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

insider-trading-volume
insider-trading-volume

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).

Insider Ownership of Beazley

Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Insiders own 0.6% of Beazley shares, worth about UK£11m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

What Might The Insider Transactions At Beazley Tell Us?

We note a that there has been a bit of insider buying recently (but no selling). The net investment is not enough to encourage us much. However, our analysis of transactions over the last year is heartening. Insiders own shares in Beazley and we see no evidence to suggest they are worried about the future. Of course, the future is what matters most. So if you are interested in Beazley, you should check out this free report on analyst forecasts for the company.

Of course Beazley 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, but not derivative transactions.

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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting