The Vice Chairman of Insr Insurance Group ASA (OB:INSR), Øystein Engebretsen, Just Bought 2.9% More Shares

Even if it's not a huge purchase, we think it was good to see that Øystein Engebretsen, the Vice Chairman of Insr Insurance Group ASA (OB:INSR) recently shelled out kr879k to buy stock, at kr8.79 per share. That might not be a big purchase but it only increased their holding by 2.9%, and could be interpreted as a good sign.

Check out our latest analysis for Insr Insurance Group

The Last 12 Months Of Insider Transactions At Insr Insurance Group

In fact, the recent purchase by Øystein Engebretsen was the biggest purchase of Insr Insurance Group 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 kr8.84. That means they have been optimistic about the company in the past, though they may have changed their mind. 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 Insr Insurance Group share holders is that insiders were buying at near the current price.

In the last twelve months insiders paid kr1.6m for 184k shares purchased. Insr Insurance Group insiders may have bought shares in the last year, but they didn't sell any. The chart below shows insider transactions (by individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

Does Insr Insurance Group Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Our data suggests Insr Insurance Group insiders own 3.0% of the company, worth about kr36m. We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. We prefer to see high levels of insider ownership.

So What Do The Insr Insurance Group Insider Transactions Indicate?

It's certainly positive to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. When combined with notable insider ownership, these factors suggest Insr Insurance Group insiders are well aligned, and that they may think the share price is too low. 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.

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.

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. 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. Simply Wall St has no position in the stocks mentioned. Thank you for reading.