Potential Kindred Group plc (STO:KIND SDB) shareholders may wish to note that the Chief Executive Officer, Henrik Tjärnström, recently bought kr4.0m worth of stock, paying kr56.20 for each share. While that's a very decent purchase to our minds, it was proportionally a bit modest, boosting their holding by just 4.5%.
The Last 12 Months Of Insider Transactions At Kindred Group
Notably, that recent purchase by Chief Executive Officer Henrik Tjärnström was not the only time they bought Kindred Group shares this year. Earlier in the year, they paid kr71.50 per share in a kr7.1m purchase. That means that even when the share price was higher than kr46.80 (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.
Over the last year, we can see that insiders have bought 286.11k shares worth kr19m. On the other hand they divested 7426 shares, for kr418k. Overall, Kindred Group insiders were net buyers last year. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. 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.
Insider Ownership of Kindred Group
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. We usually like to see fairly high levels of insider ownership. Insiders own 3.6% of Kindred Group shares, worth about kr385m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Do The Kindred Group Insider Transactions Indicate?
It's certainly positive to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Kindred Group. Nice! Of course, the future is what matters most. So if you are interested in Kindred Group, you should check out this free report on analyst forecasts for the company.
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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