Insider Buying: The Cannae Holdings, Inc. (NYSE:CNNE) CEO & Director Just Bought 5.7% More Shares

Cannae Holdings, Inc. (NYSE:CNNE) shareholders (or potential shareholders) will be happy to see that the CEO & Director, Richard Massey, recently bought a whopping US$635k worth of stock, at a price of US$42.33. There's no denying a buy of that magnitude suggests conviction in a brighter future, although we do note that proportionally it only increased their holding by 5.7%.

View our latest analysis for Cannae Holdings

The Last 12 Months Of Insider Transactions At Cannae Holdings

The Lead Independent Director Frank Martire made the biggest insider purchase in the last 12 months. That single transaction was for US$5.0m worth of shares at a price of US$37.50 each. So it's clear an insider wanted to buy, at around the current price, which is US$41.50. 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. Happily, the Cannae Holdings insiders decided to buy shares at close to current prices.

Cannae Holdings insiders may have bought shares in the last year, but they didn't sell any. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

Cannae Holdings 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 Cannae Holdings

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. It's great to see that Cannae Holdings insiders own 5.9% of the company, worth about US$223m. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

What Might The Insider Transactions At Cannae Holdings Tell Us?

It is good to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Cannae Holdings. Nice! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Cannae Holdings. When we did our research, we found 3 warning signs for Cannae Holdings (2 shouldn't be ignored!) that we believe deserve your full attention.

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.

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