Trade Alert: The Chief Distribution Officer Of ICICI Prudential Life Insurance Company Limited (NSE:ICICIPRULI), Amit Palta, Has Sold Some Shares Recently

Investors may wish to note that the Chief Distribution Officer of ICICI Prudential Life Insurance Company Limited, Amit Palta, recently netted ₹4.9m from selling stock, receiving an average price of ₹491. It might not be a huge sale, but it did reduce their holding size 50%, hardly encouraging.

View our latest analysis for ICICI Prudential Life Insurance

ICICI Prudential Life Insurance Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider sale was by the insider, Puneet Nanda, for ₹23m worth of shares, at about ₹465 per share. That means that even when the share price was below the current price of ₹482, an insider wanted to cash in some shares. When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. However, while insider selling is sometimes discouraging, it's only a weak signal. This single sale was just 20% of Puneet Nanda's stake.

In total, ICICI Prudential Life Insurance insiders sold more 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!

I will like ICICI Prudential Life 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

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. We usually like to see fairly high levels of insider ownership. From our data, it seems that ICICI Prudential Life Insurance insiders own 0.05% of the company, worth about ₹370m. Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!

What Might The Insider Transactions At ICICI Prudential Life Insurance Tell Us?

Insiders sold ICICI Prudential Life Insurance shares recently, but they didn't buy any. Despite some insider buying, the longer term picture doesn't make us feel much more positive. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. While we like knowing 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. At Simply Wall St, we found 1 warning sign for ICICI Prudential Life Insurance that deserve your attention before buying any shares.

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.

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