Trade Alert: The Chairman & CEO Of Mapfre, S.A. (BME:MAP), Antonio Huertas Mejías, Has Just Spent €156k Buying Shares

Investors who take an interest in Mapfre, S.A. (BME:MAP) should definitely note that the Chairman & CEO, Antonio Huertas Mejías, recently paid €3.46 per share to buy €156k worth of the stock. That's a very decent purchase to our minds and it grew their holding by a solid 12.2%.

Check out our latest analysis for Mapfre

Mapfre Insider Transactions Over The Last Year

In the last twelve months, the biggest single purchase by an insider was when insider Luis De Larramendi Martínez bought €2.3m worth of shares at a price of €2.65 per share. That means that an insider was happy to buy shares at above the current price of €2.40. 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. In our view, the price an insider pays for shares is very important. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.

Happily, we note that in the last year insiders bought 940k shares for a total of €2.5m. Mapfre insiders may have bought shares in the last year, but they didn't sell any. You can see the insider transactions (by 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!

Insider Ownership of Mapfre

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. Our data suggests Mapfre insiders own 0.04% of the company, worth about €3.0m. But they may have an indirect interest through a corporate structure that we haven't picked up on. I generally like to see higher levels of ownership.

What Might The Insider Transactions At Mapfre Tell Us?

It's certainly positive to see the recent insider purchases. And an analysis of the transactions over the last year also gives us confidence. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that Mapfre insiders are reasonably well aligned, and optimistic for the future. Of course, the future is what matters most. So if you are interested in Mapfre, you should check out this free report on analyst forecasts for the company.

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.

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. 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. Simply Wall St has no position in the stocks mentioned. Thank you for reading.