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Paul Dwyer Is The Deputy Chairman of PSC Insurance Group Limited (ASX:PSI) And Just Spent AU$500k On Shares

Simply Wall St

Potential PSC Insurance Group Limited (ASX:PSI) shareholders may wish to note that the Deputy Chairman, Paul Dwyer, recently bought AU$500k worth of stock, paying AU$2.38 for each share. Although the purchase is not a big one, by either a percentage standpoint or absolute value, it can be seen as a good sign.

Check out our latest analysis for PSC Insurance Group

PSC Insurance Group Insider Transactions Over The Last Year

In fact, the recent purchase by Deputy Chairman Paul Dwyer was not their only acquisition of PSC Insurance Group shares this year. Earlier in the year, they paid AU$2.80 per share in a AU$1.4m purchase. That means that even when the share price was higher than AU$2.35 (the recent price), an insider wanted to purchase shares. 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.

PSC Insurance Group insiders may have bought shares in the last year, but they didn't sell any. You can see the insider transactions (by 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!

ASX:PSI Recent Insider Trading May 22nd 2020
ASX:PSI Recent Insider Trading May 22nd 2020

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

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. PSC Insurance Group insiders own about AU$356m worth of shares (which is 56% of the company). This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

So What Does This Data Suggest About PSC Insurance Group Insiders?

It is good to see recent purchasing. We also take confidence from the longer term picture of insider transactions. When combined with notable insider ownership, these factors suggest PSC Insurance Group insiders are well aligned, and quite possibly think the share price is too low. Looks promising! So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. You'd be interested to know, that we found 4 warning signs for PSC Insurance Group and we suggest you have a look.

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.

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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. Thank you for reading.