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Have Insiders Sold Mirvac Group (ASX:MGR) Shares Recently?

Simply Wall St

Anyone interested in Mirvac Group (ASX:MGR) should probably be aware that the CEO, MD & Executive Director, Susan Lloyd-Hurwitz, recently divested AU$220k worth of shares in the company, at an average price of AU$3.10 each. However, the silver lining is that the sale only reduced their total holding by 1.6%, so we're hesitant to read anything much into it, on its own.

Check out our latest analysis for Mirvac Group

The Last 12 Months Of Insider Transactions At Mirvac Group

Notably, that recent sale by CEO, MD & Executive Director Susan Lloyd-Hurwitz was not the only time they sold Mirvac Group shares this year. They previously made an even bigger sale of -AU$875.8k worth of shares at a price of AU$2.74 per share. That means that an insider was selling shares at slightly below the current price (AU$3.05). When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. While insider selling is not a positive sign, we can't be sure if it does mean insiders think the shares are fully valued, so it's only a weak sign. This single sale was just 9.0% of Susan Lloyd-Hurwitz's stake.

Susan Lloyd-Hurwitz divested 392261 shares over the last 12 months at an average price of AU$2.79. The chart below shows insider transactions (by individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

ASX:MGR Recent Insider Trading, September 25th 2019

I will like Mirvac Group better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.

Insider Ownership

Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Mirvac Group insiders own about AU$24m worth of shares. That equates to 0.2% of the company. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

What Might The Insider Transactions At Mirvac Group Tell Us?

An insider sold stock recently, but they haven't been buying. Despite some insider buying, the longer term picture doesn't make us feel much more positive. While insiders do own shares, they don't own a heap, and they have been selling. So we'd only buy after careful consideration. Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for Mirvac Group.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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.

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.

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. Thank you for reading.