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While it might not be a big deal, we thought it was good to see that the European Reliance General Insurance Company SA (ATH: EUPIC) CEO and Director Christos Georgakopoulos recently bought € 51,000 worth of shares, for € 4.89 per share. Still, it only increased their stake by a tiny percentage, and it wasn’t a massive buy in absolute terms, either.
Check out our latest analysis for European Reliance General Insurance
European Reliance General Insurance Insider Transactions in the Last Year
In fact, the recent purchase by Christos Georgakopoulos was the largest purchase of shares of European Reliance General Insurance by an insider in the past twelve months, according to our records. This means that an insider was happy to buy shares around the current price of $ 5.04. Of course, maybe they changed their mind. But it does suggest that they are optimistic. While we still love to see insider buys, it makes less sense if the buys were made at much lower prices, as the opportunity they saw may have passed. The good news for European shareholders of Reliance General Insurance is that an insider was buying at a price close to the current price. Christos Georgakopoulos has been the only individual insider to buy in the past year.
In total, insiders sold more shares of European Reliance General Insurance than they bought in the past year. You can see insider trading (by companies and individuals) over the past year illustrated in the graph below. If you want to know exactly who sold, for how much and when, just click on the graph below!
If you are like me then you not want to miss it free list of growing companies that insiders buy.
Insider ownership of European Reliance General Insurance
I like to look at how many shares insiders own in a company, to help inform my perspective on their alignment with insiders. Usually, the higher the insider ownership, the more likely it is that insiders will have an incentive to build the business for the long term. Insiders of European Reliance General Insurance own around 65 million euros in shares (or 49% of the company). I like to see this level of insider ownership because it increases the chances that management is thinking in the best interests of shareholders.
So what does this data suggest about Reliance’s European general insurance insiders?
It’s certainly positive to see the recent insider buy. But the same cannot be said for the transactions of the last 12 months. The high levels of insider ownership and recent insider buying suggest they are well aligned and bullish. So, while it is useful to know what insiders are doing in terms of buying or selling, it is also useful to know the risks that a particular company faces. To help you, we have discovered 1 warning sign which you should take a look at to get a better picture of European Reliance General Insurance.
If you would rather consult with another company – one with potentially superior finances – then don’t miss this free list of interesting companies, which have a HIGH return on equity and low leverage.
For the purposes of this article, insiders are the persons who report their transactions to the relevant regulatory body. We currently account for open market transactions and private assignments, but not derivative transactions.
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This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell shares and does not take into account your goals or your financial situation. Our aim is to bring you long-term, targeted analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price sensitive companies or qualitative material. Simply Wall St has no position in the mentioned stocks.
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