Chairman & CEO of Arbuthnot Banking Group Henry Angest Buys More Stock
Those following along with Arbuthnot Banking Group PLC (LON:ARBB) will no doubt be intrigued by the recent purchase of shares by Henry Angest, Chairman & CEO of the company, who spent a stonking UK£682k on stock at an average price of UK£9.75. There's no denying a buy of that magnitude suggests conviction in a brighter future, although we do note that proportionally it only increased their holding by 0.8%.
View our latest analysis for Arbuthnot Banking Group
Arbuthnot Banking Group Insider Transactions Over The Last Year
In fact, the recent purchase by Henry Angest was the biggest purchase of Arbuthnot Banking Group shares made by an insider individual in the last twelve months, according to our records. That implies that an insider found the current price of UK£10.13 per share to be enticing. That means they have been optimistic about the company in the past, though they may have changed their mind. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. Happily, the Arbuthnot Banking Group insiders decided to buy shares at close to current prices.
In the last twelve months insiders purchased 113.26k shares for UK£1.1m. On the other hand they divested 31.70k shares, for UK£296k. Overall, Arbuthnot Banking Group insiders were net buyers during the last year. 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!
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
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. Arbuthnot Banking Group insiders own 60% of the company, currently worth about UK£100m based on the recent share price. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
What Might The Insider Transactions At Arbuthnot Banking Group Tell Us?
It's certainly positive to see the recent insider purchases. And an analysis of the transactions over the last year also gives us confidence. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Arbuthnot Banking Group. Nice! So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Be aware that Arbuthnot Banking Group is showing 3 warning signs in our investment analysis, and 1 of those is potentially serious...
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 of direct interests only, but not derivative transactions or indirect interests.
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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.
