President & CEO of Trisura Guarantee Insurance Of Trisura Group Sold 55% Of Their Shares

We wouldn't blame Trisura Group Ltd. (TSE:TSU) shareholders if they were a little worried about the fact that Chris Sekine, the President & CEO of Trisura Guarantee Insurance recently netted about CA$2.1m selling shares at an average price of CA$42.04. Probably the most concerning element of the whole transaction is that the disposal amounted to 55% of their entire holding.

See our latest analysis for Trisura Group

The Last 12 Months Of Insider Transactions At Trisura Group

In fact, the recent sale by Chris Sekine was the biggest sale of Trisura Group shares made by an insider individual in the last twelve months, according to our records. That means that an insider was selling shares at around the current price of CA$41.43. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. 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.

Happily, we note that in the last year insiders paid CA$1.4m for 39.80k shares. But insiders sold 79.55k shares worth CA$3.4m. Chris Sekine divested 79.55k shares over the last 12 months at an average price of CA$42.50. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

I will like Trisura Group 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 Trisura Group Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 2.0% of Trisura Group shares, worth about CA$39m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Does This Data Suggest About Trisura Group Insiders?

Unfortunately, there has been more insider selling of Trisura Group stock, than buying, in the last three months. And our longer term analysis of insider transactions didn't bring confidence, either. But since Trisura Group is profitable and growing, we're not too worried by this. While insiders do own shares, they don't own a heap, and they have been selling. We're in no rush to buy! While it's good to be aware of 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. Every company has risks, and we've spotted 2 warning signs for Trisura Group you should know about.

Of course Trisura Group may not be the best stock to buy. So you may wish to see this free collection of high quality 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 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.

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