Some ASGN Incorporated (NYSE:ASGN) shareholders may be a little concerned to see that the Independent Director, Edwin Sheridan, recently sold a substantial US$4.8m worth of stock at a price of US$72.64 per share. However, it’s crucial to note that they remain very much invested in the stock and that sale only reduced their holding by 6.6%.
ASGN Insider Transactions Over The Last Year
In fact, the recent sale by Edwin Sheridan was the biggest sale of ASGN 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$72.87. While we don’t usually like to see insider selling, it’s more concerning if the sales take place 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).
In total, ASGN insiders sold more than they bought over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
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Does ASGN Boast High Insider Ownership?
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. ASGN insiders own 3.7% of the company, currently worth about US$142m based on the recent share price. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
So What Do The ASGN Insider Transactions Indicate?
Insiders sold stock recently, but they haven’t been buying. And our longer term analysis of insider transactions didn’t bring confidence, either. But it is good to see that ASGN is growing earnings. It is good to see high insider ownership, but the insider selling leaves us cautious. While we like knowing what’s going on with the insider’s ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. You’d be interested to know, that we found 3 warning signs for ASGN and we suggest you have a look.
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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.
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