Yahoo Finance Sun Life Financial Insiders Placed Bullish Bets Worth CA$673k \
When a single insider purchases stock, it is typically not a major deal. However, when multiple insiders purchase stock, like in Sun Life Financial Inc.'s (TSE:SLF) instance, it's good news for shareholders.
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we do think it is perfectly logical to keep tabs on what insiders are doing.
Check out our latest analysis for Sun Life Financial
Sun Life Financial Insider Transactions Over The Last Year
The President Kevin Strain made the biggest insider purchase in the last 12 months. That single transaction was for CA$463k worth of shares at a price of CA$61.71 each. So it's clear an insider wanted to buy, at around the current price, which is CA$65.24. That means they have been optimistic about the company in the past, though they may have changed their mind. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. In this case we're pleased to report that the insider purchases were made at close to current prices.
While Sun Life Financial insiders bought shares during the last year, they didn't sell. You can see a visual depiction of insider transactions (by companies and 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 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).
Sun Life Financial Insiders Bought Stock Recently
Over the last three months, we've seen significant insider buying at Sun Life Financial. Not only was there no selling that we can see, but they collectively bought CA$88k worth of shares. This is a positive in our book as it implies some confidence.
Insider Ownership
Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Insiders own 0.02% of Sun Life Financial shares, worth about CA$8.9m, according to our data. Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!
So What Does This Data Suggest About Sun Life Financial Insiders?
It is good to see recent purchasing. And an analysis of the transactions over the last year also gives us confidence. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that Sun Life Financial insiders are expecting a bright future. Therefore, you should definitely take a look at this FREE report showing analyst forecasts for Sun Life Financial.
Of course Sun Life Financial 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.
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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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