We wouldn’t blame ManpowerGroup Inc. (NYSE:MAN) shareholders if they were a little worried about the fact that Mara Swan, the Executive Vice President of Global Strategy & Talent recently netted about US$1.3m selling shares at an average price of US$84.48. That diminished their holding by a very significant 67.3%, which arguably implies a strong desire to reallocate capital.
ManpowerGroup Insider Transactions Over The Last Year
Notably, that recent sale by Executive Vice President of Global Strategy & Talent Mara Swan was not the only time they sold ManpowerGroup shares this year. Earlier in the year, they fetched US$84.48 per share in a -US$1.3m sale. That means that an insider was selling shares at around the current price of US$80.58. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.
In total, ManpowerGroup insiders sold more than they bought over the last year. You can see the insider transactions (by individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
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. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. It appears that ManpowerGroup insiders own 0.7% of the company, worth about US$36m. We’ve certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Do The ManpowerGroup Insider Transactions Indicate?
Insiders sold ManpowerGroup shares recently, but they didn’t buy any. Despite some insider buying, the longer term picture doesn’t make us feel much more positive. Insider ownership isn’t particularly high, so this analysis makes us cautious about the company. We’d think twice before buying! Of course, the future is what matters most. So if you are interested in ManpowerGroup, you should check out this free report on analyst forecasts for the company.
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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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