Whilst it may not be a huge deal, we thought it was good to see that the European Reliance General Insurance Company S.A. (ATH:EUPIC) CEO & Director, Christos Georgakopoulos, recently bought €51k worth of stock, for €4.89 per share. Nevertheless, it only increased their shareholding by a minuscule percentage, and it wasn't a massive purchase by absolute value, either.
European Reliance General Insurance Insider Transactions Over The Last Year
In fact, the recent purchase by Christos Georgakopoulos was the biggest purchase of European Reliance General Insurance shares made by an insider individual in the last twelve months, according to our records. That means that an insider was happy to buy shares at around the current price of €5.04. Of course they may have changed their mind. But this suggests they are optimistic. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. The good news for European Reliance General Insurance share holders is that an insider was buying at near the current price. Christos Georgakopoulos was the only individual insider to buy during the last year.
All up, insiders sold more shares in European Reliance General Insurance than they bought, over 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!
If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.
Insider Ownership of European Reliance General Insurance
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. European Reliance General Insurance insiders own about €65m worth of shares (which is 49% of the company). I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
So What Does This Data Suggest About European Reliance General Insurance Insiders?
It's certainly positive to see the recent insider purchase. But we can't say the same for the transactions over the last 12 months. The high levels of insider ownership, and the recent buying by an insider suggests they are well aligned and optimistic. 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. To assist with this, we've discovered 1 warning sign that you should run your eye over to get a better picture of European Reliance General Insurance.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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, but not derivative transactions.
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