This Insider Has Just Sold Shares In ICICI Lombard General Insurance Company Limited (NSE:ICICIGI)

We'd be surprised if ICICI Lombard General Insurance Company Limited (NSE:ICICIGI) shareholders haven't noticed that an insider, Nitin Khanna, recently sold ₹33m worth of stock at ₹1,336 per share. The eyebrow raising move amounted to a reduction of 31% in their holding.

View our latest analysis for ICICI Lombard General Insurance

ICICI Lombard General Insurance Insider Transactions Over The Last Year

In fact, the recent sale by Nitin Khanna was the biggest sale of ICICI Lombard General Insurance shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to take some cash off the table, even slightly below the current price of ₹1,383. We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. We note that the biggest single sale was only 31%of Nitin Khanna's holding.

In the last year ICICI Lombard General Insurance insiders didn't buy any company stock. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

I will like ICICI Lombard General Insurance 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 of ICICI Lombard General Insurance

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. We usually like to see fairly high levels of insider ownership. ICICI Lombard General Insurance insiders own 1.3% of the company, currently worth about ₹8.2b based on the recent share price. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

What Might The Insider Transactions At ICICI Lombard General Insurance Tell Us?

Insiders sold stock recently, but they haven't been buying. And there weren't any purchases to give us comfort, over the last year. But it is good to see that ICICI Lombard General Insurance is growing earnings. It is good to see high insider ownership, but the insider selling leaves us cautious. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing ICICI Lombard General Insurance. Every company has risks, and we've spotted 1 warning sign for ICICI Lombard General Insurance you should know about.

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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