Group CEO & Director Andrew Briggs Just Bought 24% More Shares In Phoenix Group Holdings plc (LON:PHNX)
Investors who take an interest in Phoenix Group Holdings plc (LON:PHNX) should definitely note that the Group CEO & Director, Andrew Briggs, recently paid UK£7.12 per share to buy UK£298k worth of the stock. That's a very solid buy in our book, and increased their holding by a noteworthy 24%.
See our latest analysis for Phoenix Group Holdings
Phoenix Group Holdings Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider sale was by the insider, James McConville, for UK£861k worth of shares, at about UK£6.28 per share. That means that even when the share price was below the current price of UK£7.15, an insider wanted to cash in some shares. As a general rule we consider it to be discouraging when insiders are selling below the current price, because it suggests they were happy with a lower valuation. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. This single sale was 55% of James McConville's stake. James McConville was the only individual insider to sell shares in the last twelve months.
Over the last year, we can see that insiders have bought 141.56k shares worth UK£895k. On the other hand they divested 140.00k shares, for UK£861k. In total, Phoenix Group Holdings insiders bought more than they sold over the last year. They paid about UK£6.32 on average. Although they bought at below the recent share price, it is good to see that insiders are willing to invest in the company. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Phoenix Group Holdings 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 Phoenix Group Holdings
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. Insiders own 0.08% of Phoenix Group Holdings shares, worth about UK£5.4m, according to our data. We do generally prefer see higher levels of insider ownership.
So What Do The Phoenix Group Holdings Insider Transactions Indicate?
It is good to see the recent insider purchase. And the longer term insider transactions also give us confidence. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that Phoenix Group Holdings insiders are expecting a bright future. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. When we did our research, we found 4 warning signs for Phoenix Group Holdings (2 are concerning!) that we believe deserve your full attention.
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.
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