Helge Baastad Is The Chief Executive Officer of Gjensidige Forsikring ASA (OB:GJF) And They Just Picked Up 100% More Shares

Those following along with Gjensidige Forsikring ASA (OB:GJF) will no doubt be intrigued by the recent purchase of shares by Helge Baastad, Chief Executive Officer of the company, who spent a stonking kr5.9m on stock at an average price of kr90.00. That purchase boosted their holding by 100%, which makes us wonder if the move was inspired by quietly confident deeply-felt optimism.

See our latest analysis for Gjensidige Forsikring

Gjensidige Forsikring Insider Transactions Over The Last Year

Notably, that recent purchase by Helge Baastad is the biggest insider purchase of Gjensidige Forsikring shares that we've seen in the last year. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of kr188. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.

While Gjensidige Forsikring insiders bought shares during the last year, they didn't sell. They paid about kr102 on average. To my mind it is good that insiders have invested their own money in the company. But we must note that the investments were made at well below today's share price. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

Gjensidige Forsikring is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Insider Ownership of Gjensidige Forsikring

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. Our data indicates that Gjensidige Forsikring insiders own about kr52m worth of shares (which is 0.06% of the company). Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!

So What Does This Data Suggest About Gjensidige Forsikring Insiders?

The recent insider purchases are heartening. And an analysis of the transactions over the last year also gives us confidence. Given that insiders also own a fair bit of Gjensidige Forsikring we think they are probably pretty confident of a bright future. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Case in point: We've spotted 2 warning signs for Gjensidige Forsikring you should be aware of.

Of course Gjensidige Forsikring may not be the best stock to buy. So you may wish to see this free collection of high quality 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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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. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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