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Potential State Auto Financial Corporation (NASDAQ:STFC) shareholders may wish to note that the Senior Vice President of Personal & Commercial Lines of State Auto Labs, Kim Garland, recently bought US$314k worth of stock, paying US$21.26 for each share. That's a very decent purchase to our minds and it grew their holding by a solid 16%.
The Last 12 Months Of Insider Transactions At State Auto Financial
In fact, the recent purchase by Kim Garland was the biggest purchase of State Auto Financial 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 around the current price of US$21.73. That means they have been optimistic about the company in the past, though they may have changed their mind. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. Happily, the State Auto Financial insiders decided to buy shares at close to current prices.
Over the last year, we can see that insiders have bought 30.69k shares worth US$700k. On the other hand they divested 0.23 shares, for US$6.5. In total, State Auto Financial insiders bought more than they sold over the last year. 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!
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.
Does State Auto Financial Boast High Insider Ownership?
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. Our data indicates that State Auto Financial insiders own about US$9.9m worth of shares (which is 1.0% of the company). But they may have an indirect interest through a corporate structure that we haven't picked up on. Whilst better than nothing, we're not overly impressed by these holdings.
So What Does This Data Suggest About State Auto Financial Insiders?
It is good to see recent purchasing. And the longer term insider transactions also give us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that State Auto Financial insiders are reasonably well aligned, and optimistic for the future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing State Auto Financial. At Simply Wall St, we found 2 warning signs for State Auto Financial that deserve your attention before buying any shares.
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.
If you spot an error that warrants correction, please contact the editor at email@example.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.
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