Yahoo Finance Insider Buying: The Reckitt Benckiser Group plc (LON:RB.) Chief Operating Officer of Health Just Bought UK£291k Worth Of Shares
Investors who take an interest in Reckitt Benckiser Group plc (LON:RB.) should definitely note that the Chief Operating Officer of Health, Aditya Sehgal, recently paid UK£58.26 per share to buy UK£291k worth of the stock. Although the purchase only increased their holding by 8.6%, it is still a solid purchase in our view.
Check out our latest analysis for Reckitt Benckiser Group
The Last 12 Months Of Insider Transactions At Reckitt Benckiser Group
In fact, the recent purchase by Aditya Sehgal was the biggest purchase of Reckitt Benckiser Group shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to buy, even at a higher price than the current share price (being UK£58.37). While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. 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.
While Reckitt Benckiser Group insiders bought shares last year, they didn't sell. 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!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
Insider Ownership
For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that Reckitt Benckiser Group insiders own 0.09% of the company, worth about UK£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 Reckitt Benckiser Group Tell Us?
It is good to see recent purchasing. And an analysis of the transactions over the last year also gives us confidence. Given that insiders also own a fair bit of Reckitt Benckiser Group we think they are probably pretty confident of a bright future. Of course, the future is what matters most. So if you are interested in Reckitt Benckiser Group, you should check out this free report on analyst forecasts for the company.
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.
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. 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. Simply Wall St has no position in the stocks mentioned. Thank you for reading.
