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Trade Alert: The Independent Chairman of the Board Of Argo Group International Holdings, Ltd. (NYSE:ARGO), Thomas Bradley, Has Just Spent US$112k Buying 20% More Shares

Simply Wall St
·3 min read

Investors who take an interest in Argo Group International Holdings, Ltd. (NYSE:ARGO) should definitely note that the Independent Chairman of the Board, Thomas Bradley, recently paid US$37.17 per share to buy US$112k worth of the stock. That's a very solid buy in our book, and increased their holding by a noteworthy 20%.

Check out our latest analysis for Argo Group International Holdings

The Last 12 Months Of Insider Transactions At Argo Group International Holdings

The Independent Director Samuel Liss made the biggest insider purchase in the last 12 months. That single transaction was for US$248k worth of shares at a price of US$33.72 each. That implies that an insider found the current price of US$36.38 per share to be enticing. Of course they may have changed their mind. But this suggests they are optimistic. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. Happily, the Argo Group International Holdings insiders decided to buy shares at close to current prices.

While Argo Group International Holdings insiders bought shares during the last year, they didn't sell. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

insider-trading-volume
insider-trading-volume

Argo Group International Holdings is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Insider Ownership of Argo Group International Holdings

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. It appears that Argo Group International Holdings insiders own 3.5% of the company, worth about US$44m. 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 Argo Group International Holdings Tell Us?

It's certainly positive to see the recent insider purchase. And the longer term insider transactions also give us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. When combined with notable insider ownership, these factors suggest Argo Group International Holdings insiders are well aligned, and that they may think the share price is too low. 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 2 warning signs for Argo Group International Holdings and we suggest you have a look.

But note: Argo Group International Holdings may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE 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.

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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com.