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Here's What Hyundai Marine & Fire Insurance Co., Ltd.'s (KRX:001450) Shareholder Ownership Structure Looks Like
A look at the shareholders of Hyundai Marine & Fire Insurance Co., Ltd. (KRX:001450) can tell us which group is most powerful. Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. I generally like to see some degree of insider ownership, even if only a little. As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.
Hyundai Marine & Fire Insurance isn't enormous, but it's not particularly small either. It has a market capitalization of ₩1.7t, which means it would generally expect to see some institutions on the share registry. Taking a look at our data on the ownership groups (below), it seems that institutions are noticeable on the share registry. We can zoom in on the different ownership groups, to learn more about Hyundai Marine & Fire Insurance.
View our latest analysis for Hyundai Marine & Fire Insurance
What Does The Institutional Ownership Tell Us About Hyundai Marine & Fire Insurance?
Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index.
As you can see, institutional investors have a fair amount of stake in Hyundai Marine & Fire Insurance. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of Hyundai Marine & Fire Insurance, (below). Of course, keep in mind that there are other factors to consider, too.
We note that hedge funds don't have a meaningful investment in Hyundai Marine & Fire Insurance. Mong-Yoon Chung is currently the company's largest shareholder with 25% of shares outstanding. With 10% and 5.6% of the shares outstanding respectively, National Pension Service and BlackRock, Inc. are the second and third largest shareholders.
We also observed that the top 6 shareholders account for more than half of the share register, with a few smaller shareholders to balance the interests of the larger ones to a certain extent.
While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too.
Insider Ownership Of Hyundai Marine & Fire Insurance
The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO.
I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions.
Our information suggests that insiders maintain a significant holding in Hyundai Marine & Fire Insurance Co., Ltd.. Insiders own ₩434b worth of shares in the ₩1.7t company. That's quite meaningful. It is good to see this level of investment. You can check here to see if those insiders have been buying recently.
General Public Ownership
With a 37% ownership, the general public have some degree of sway over Hyundai Marine & Fire Insurance. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run.
Next Steps:
While it is well worth considering the different groups that own a company, there are other factors that are even more important. Consider for instance, the ever-present spectre of investment risk. We've identified 2 warning signs with Hyundai Marine & Fire Insurance , and understanding them should be part of your investment process.
If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.
NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.
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About KOSE:A001450
Hyundai Marine & Fire Insurance
Hyundai Marine & Fire Insurance Co., Ltd.
Undervalued with adequate balance sheet and pays a dividend.