Insider Buying: The Old Republic International Corporation (NYSE:ORI) Lead Independent Director Just Bought 3.7% More Shares
Even if it's not a huge purchase, we think it was good to see that Stephen Walker, the Lead Independent Director of Old Republic International Corporation (NYSE:ORI) recently shelled out US$54k to buy stock, at US$21.59 per share. However, it only increased their shares held by 3.7%, and it wasn't a huge purchase by absolute value, either.
View our latest analysis for Old Republic International
Old Republic International Insider Transactions Over The Last Year
Notably, that recent purchase by Stephen Walker is the biggest insider purchase of Old Republic International shares that we've seen in the last year. So it's clear an insider wanted to buy, at around the current price, which is US$23.49. Of course they may have changed their mind. But this suggests they are optimistic. 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. The good news for Old Republic International share holders is that insiders were buying at near the current price.
Over the last year, we can see that insiders have bought 3.08k shares worth US$69k. But they sold 212.00 shares for US$5.6k. In the last twelve months there was more buying than selling by Old Republic International insiders. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
Insider Ownership
For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 1.4% of Old Republic International shares, worth about US$96m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
What Might The Insider Transactions At Old Republic International Tell Us?
It's certainly positive to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. Given that insiders also own a fair bit of Old Republic International we think they are probably pretty confident of 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. To assist with this, we've discovered 1 warning sign that you should run your eye over to get a better picture of Old Republic International.
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.
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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.
