In This Article:
Everest Group, Ltd. (NYSE:EG) shareholders (or potential shareholders) will be happy to see that the Independent Director, William Galtney, recently bought a whopping US$1.0m worth of stock, at a price of US$349. While that only increased their holding size by 4.5%, it is still a big swing by our standards.
See our latest analysis for Everest Group
Everest Group Insider Transactions Over The Last Year
Notably, that recent purchase by William Galtney is the biggest insider purchase of Everest Group shares that we've seen in the last year. That means that an insider was happy to buy shares at around the current price of US$362. Of course they may have changed their mind. But this suggests they are optimistic. 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 Everest Group share holders is that insiders were buying at near the current price.
Happily, we note that in the last year insiders paid US$2.4m for 6.77k shares. But they sold 1.27k shares for US$474k. Overall, Everest Group insiders were net buyers during the last year. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.
Insider Ownership Of Everest Group
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. Everest Group insiders own about US$218m worth of shares (which is 1.4% of the company). Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
So What Does This Data Suggest About Everest Group Insiders?
The recent insider purchase is heartening. And the longer term insider transactions also give us confidence. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Everest Group. That's what I like to see! Of course, the future is what matters most. So if you are interested in Everest 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.