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Deputy Chairman Paul Dwyer Just Bought Shares In PSC Insurance Group Limited (ASX:PSI)

Simply Wall St

Investors who take an interest in PSC Insurance Group Limited (ASX:PSI) should definitely note that the Deputy Chairman, Paul Dwyer, recently paid AU$2.50 per share to buy AU$400k worth of the stock. Although the purchase only increased their holding by 0.2%, it is still a solid purchase in our view.

Check out our latest analysis for PSC Insurance Group

The Last 12 Months Of Insider Transactions At PSC Insurance Group

In fact, the recent purchase by Deputy Chairman Paul Dwyer was not their only acquisition of PSC Insurance Group shares this year. Earlier in the year, they paid AU$2.80 per share in a AU$1.4m purchase. That means that an insider was happy to buy shares at above the current price of AU$2.45. Their view may have changed since then, but at least it shows they felt optimistic at the time. To us, it's very important to consider the price insiders pay for shares is very important. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price.

While PSC Insurance Group insiders bought shares last year, they didn't sell. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

ASX:PSI Recent Insider Trading, March 14th 2020
ASX:PSI Recent Insider Trading, March 14th 2020

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

Insider Ownership of PSC Insurance Group

Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. PSC Insurance Group insiders own 56% of the company, currently worth about AU$373m 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 PSC Insurance Group Tell Us?

It is good to see recent purchasing. 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 PSC Insurance Group. Nice! 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. While conducting our analysis, we found that PSC Insurance Group has 3 warning signs and it would be unwise to ignore them.

Of course PSC Insurance Group 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.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. 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. Simply Wall St has no position in the stocks mentioned.

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Thank you for reading.