Have Equitable Group Inc. (TSE:EQB) Insiders Been Selling Their Stock?

Anyone interested in Equitable Group Inc. (TSE:EQB) should probably be aware that the Senior VP & CFO, Timothy Wilson, recently divested CA$344k worth of shares in the company, at an average price of CA$68.97 each. The eyebrow raising move amounted to a reduction of 23% in their holding.

Check out our latest analysis for Equitable Group

The Last 12 Months Of Insider Transactions At Equitable Group

In fact, the recent sale by Senior VP & CFO Timothy Wilson was not their only sale of Equitable Group shares this year. Earlier in the year, they fetched CA$115 per share in a -CA$345.0k sale. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. The good news is that this large sale was at well above current price of CA$81.90. So it may not tell us anything about how insiders feel about the current share price.

In the last twelve months insiders purchased 3.08k shares for CA$209k. But they sold 36.27k shares for CA$3.3m. Over the last year we saw more insider selling of Equitable Group shares, than buying. 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!

I will like Equitable Group 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

For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. It's great to see that Equitable Group insiders own 21% of the company, worth about CA$289m. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

So What Do The Equitable Group Insider Transactions Indicate?

Insiders sold stock recently, but they haven't been buying. Zooming out, the longer term picture doesn't give us much comfort. On the plus side, Equitable Group makes money, and is growing profits. It is good to see high insider ownership, but the insider selling leaves us cautious. 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. Case in point: We've spotted 2 warning signs for Equitable Group you should be aware of.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.

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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