Tryg Insiders Added kr.6.05m Of Stock To Their Holdings

Multiple insiders secured a larger position in Tryg A/S (CPH:TRYG) shares over the last 12 months. This is reassuring as this suggests that insiders have increased optimism about the company's prospects.

While insider transactions are not the most important thing when it comes to long-term investing, we do think it is perfectly logical to keep tabs on what insiders are doing.

View our latest analysis for Tryg

The Last 12 Months Of Insider Transactions At Tryg

The Group CEO & Member of Executive Board Johan Brammer made the biggest insider purchase in the last 12 months. That single transaction was for kr.5.7m worth of shares at a price of kr.146 each. That means that an insider was happy to buy shares at around the current price of kr.157. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. In this case we're pleased to report that the insider purchases were made at close to current prices.

In the last twelve months insiders purchased 41.19k shares for kr.6.1m. But insiders sold 7.76k shares worth kr.1.2m. Overall, Tryg insiders were net buyers during the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

Tryg is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.

Insiders At Tryg Have Bought Stock Recently

At Tryg,over the last quarter, we have observed quite a lot more insider buying than insider selling. Group CEO & Member of Executive Board Johan Brammer spent kr.5.7m on stock. But we did see Independent Supervisory Board Member Carl-Viggo Ostlund sell shares worth kr.452k. The buying outweighs the selling, which suggests that insiders may believe the company will do well in the future.

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. Our data indicates that Tryg insiders own about kr.55m worth of shares (which is 0.06% of the company). But they may have an indirect interest through a corporate structure that we haven't picked up on. Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!

So What Do The Tryg Insider Transactions Indicate?

It's certainly positive to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. Given that insiders also own a fair bit of Tryg we think they are probably pretty confident of a bright future. 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. To assist with this, we've discovered 1 warning sign that you should run your eye over to get a better picture of Tryg.

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 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.