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David John Law Is The Independent Non-Executive Director of Prudential plc (LON:PRU) And They Just Picked Up 22% More Shares

Simply Wall St
·3 min read

Even if it's not a huge purchase, we think it was good to see that David John Law, the Independent Non-Executive Director of Prudential plc (LON:PRU) recently shelled out UK£25k to buy stock, at UK£12.33 per share. While we're hesitant to get too excited about a purchase of that size, we do note it increased their holding by a solid 22%.

View our latest analysis for Prudential

The Last 12 Months Of Insider Transactions At Prudential

There wasn't any very large single transaction over the last year, but we can still observe some trading.

While Prudential insiders bought shares during the last year, they didn't sell. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

insider-trading-volume
insider-trading-volume

Prudential is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Does Prudential Boast High Insider Ownership?

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. We usually like to see fairly high levels of insider ownership. It appears that Prudential insiders own 0.1% of the company, worth about UK£47m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

So What Do The Prudential Insider Transactions Indicate?

The recent insider purchases are heartening. We also take confidence from the longer term picture of insider transactions. Given that insiders also own a fair bit of Prudential we think they are probably pretty confident of a bright future. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. For instance, we've identified 3 warning signs for Prudential (1 makes us a bit uncomfortable) you should be aware of.

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.

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. 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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com.