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Erle McLeod Is The Independent Director of American National Group, Inc. (NASDAQ:ANAT) And They Just Picked Up 18% More Shares

Simply Wall St
·3 min read

Potential American National Group, Inc. (NASDAQ:ANAT) shareholders may wish to note that the Independent Director, Erle McLeod, recently bought US$307k worth of stock, paying US$72.33 for each share. That's a very solid buy in our book, and increased their holding by a noteworthy 18%.

Check out our latest analysis for American National Group

The Last 12 Months Of Insider Transactions At American National Group

In fact, the recent purchase by Erle McLeod was the biggest purchase of American National Group shares made by an insider individual in the last twelve months, according to our records. That means that an insider was happy to buy shares at above the current price of US$71.53. Their view may have changed since then, but at least it shows they felt optimistic at the time. We always take careful note of the price insiders pay when purchasing shares. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.

In the last twelve months American National Group insiders were buying shares, but not selling. 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

American National 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 American National Group

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. From looking at our data, insiders own US$2.0m worth of American National Group stock, about 0.1% of the company. We prefer to see high levels of insider ownership.

So What Does This Data Suggest About American National Group Insiders?

The recent insider purchases are heartening. And an analysis of the transactions over the last year also gives us confidence. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on American National Group stock. 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. You'd be interested to know, that we found 1 warning sign for American National Group and we suggest you have a look.

But note: American National Group may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE 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.