Independent Director Mary Lou Maher Sold A Bunch Of Shares In Magna International

Anyone interested in Magna International Inc. (TSE:MG) should probably be aware that the Independent Director, Mary Lou Maher, recently divested CA$167k worth of shares in the company, at an average price of CA$64.32 each. In particular, we note that the sale equated to a 84% reduction in their position size, which doesn't exactly instill confidence.

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The Last 12 Months Of Insider Transactions At Magna International

Notably, that recent sale by Mary Lou Maher is the biggest insider sale of Magna International shares that we've seen in the last year. So we know that an insider sold shares at around the present share price of CA$63.46. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.

The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

See our latest analysis for Magna International

I will like Magna International better if I see some big insider buys. While we wait, check out this free list of undervalued and small cap stocks with considerable, recent, insider buying.

Does Magna International Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that Magna International insiders own 0.2% of the company, worth about CA$29m. 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 Does This Data Suggest About Magna International Insiders?

An insider hasn't bought Magna International stock in the last three months, but there was some selling. And even if we look at the last year, we didn't see any purchases. On the plus side, Magna International makes money, and is growing profits. Insiders own shares, but we're still pretty cautious, given the history of sales. We'd practice some caution before buying! Therefore, you should definitely take a look at this FREE report showing analyst forecasts for Magna International.

But note: Magna International 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 of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. 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.