Yahoo Finance A PSC Insurance Group Limited (ASX:PSI) insider increased their holdings by 0.1% last year
Looking at PSC Insurance Group Limited's (ASX:PSI ) insider transactions over the last year, we can see that insiders were net buyers. That is, there were more number of shares purchased by insiders than there were sold.
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, logic dictates you should pay some attention to whether insiders are buying or selling shares.
View our latest analysis for PSC Insurance Group
The Last 12 Months Of Insider Transactions At PSC Insurance Group
Over the last year, we can see that the biggest insider purchase was by Director of Broking & Executive Director John Dwyer for AU$232k worth of shares, at about AU$4.65 per share. That means that an insider was happy to buy shares at around the current price of AU$4.74. 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 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 PSC Insurance Group share holders is that an insider was buying at near the current price. John Dwyer was the only individual insider to buy during the last year.
You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
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 PSC Insurance Group
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. PSC Insurance Group insiders own about AU$748m worth of shares (which is 45% of the company). I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
So What Do The PSC Insurance Group Insider Transactions Indicate?
There haven't been any insider transactions in the last three months -- that doesn't mean much. However, our analysis of transactions over the last year is heartening. Judging from their transactions, and high insider ownership, PSC Insurance Group insiders feel good about the company's future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing PSC Insurance Group. You'd be interested to know, that we found 3 warning signs for PSC Insurance Group and we suggest you have a look.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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.
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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.
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