Janus Henderson Group Insiders Sold US$3.5m Of Shares Suggesting Hesitancy

Over the past year, many Janus Henderson Group plc (NYSE:JHG) insiders sold a significant stake in the company which may have piqued investors' interest. Knowing whether insiders are buying is usually more helpful when evaluating insider transactions, as insider selling can have various explanations. However, when multiple insiders sell stock over a specific duration, shareholders should take notice as that could possibly be a red flag.

While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we would consider it foolish to ignore insider transactions altogether.

View our latest analysis for Janus Henderson Group

Janus Henderson Group Insider Transactions Over The Last Year

In the last twelve months, the biggest single sale by an insider was when the CFO & Head of Asia Pacific Client Group, Roger Martin Thompson, sold US$948k worth of shares at a price of US$30.93 per share. That means that even when the share price was below the current price of US$40.71, an insider wanted to cash in some shares. We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. We note that the biggest single sale was only 17% of Roger Martin Thompson's holding.

Insiders in Janus Henderson Group didn't buy any shares in the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

If you are like me, then you will not want to miss this free list of small cap stocks that are not only being bought by insiders but also have attractive valuations.

Insiders At Janus Henderson Group Have Sold Stock Recently

Over the last three months, we've seen significant insider selling at Janus Henderson Group. In total, Chief Administrative Officer & General Counsel Michelle Rosenberg dumped US$263k worth of shares in that time, and we didn't record any purchases whatsoever. Overall this makes us a bit cautious, but it's not the be all and end all.

Does Janus Henderson Group Boast High Insider Ownership?

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. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that Janus Henderson Group insiders own 0.3% of the company, worth about US$20m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

What Might The Insider Transactions At Janus Henderson Group Tell Us?

An insider sold Janus Henderson Group shares recently, but they didn't buy any. Looking to the last twelve months, our data doesn't show any insider buying. But since Janus Henderson Group is profitable and growing, we're not too worried by this. While insiders do own shares, they don't own a heap, and they have been selling. We'd practice some caution before buying! Of course, the future is what matters most. So if you are interested in Janus Henderson Group, you should check out this free report on analyst forecasts for the company.

Of course Janus Henderson Group 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 of direct interests only, but not derivative transactions or indirect interests.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. 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.