Have Insiders Sold Signet Jewelers Shares Recently?

Some Signet Jewelers Limited (NYSE:SIG) shareholders may be a little concerned to see that the Independent Non-Executive Chairman, Howard Stitzer, recently sold a substantial US$1.0m worth of stock at a price of US$101 per share. That sale reduced their total holding by 17% which is hardly insignificant, but far from the worst we've seen.

See our latest analysis for Signet Jewelers

The Last 12 Months Of Insider Transactions At Signet Jewelers

In fact, the recent sale by Howard Stitzer was the biggest sale of Signet Jewelers shares made by an insider individual in the last twelve months, according to our records. So we know that an insider sold shares at around the present share price of US$96.63. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive).

Insiders in Signet Jewelers didn't buy any shares in the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

I will like Signet Jewelers better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.

Insider Ownership Of Signet Jewelers

For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It's great to see that Signet Jewelers insiders own 3.7% of the company, worth about US$155m. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

What Might The Insider Transactions At Signet Jewelers Tell Us?

Insiders sold Signet Jewelers shares recently, but they didn't buy any. And there weren't any purchases to give us comfort, over the last year. But since Signet Jewelers is profitable and growing, we're not too worried by this. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn't make us feel confident about the company. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. For instance, we've identified 3 warning signs for Signet Jewelers (2 don't sit too well with us) you should be aware of.

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 of direct interests only, but not derivative transactions or indirect interests.

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