Executive VP & President of Global Housing Michael Campbell Sold A Bunch Of Shares In Assurant

We wouldn't blame Assurant, Inc. (NYSE:AIZ) shareholders if they were a little worried about the fact that Michael Campbell, the Executive VP & President of Global Housing recently netted about US$1.9m selling shares at an average price of US$172. That's a big disposal, and it decreased their holding size by 42%, which is notable but not too bad.

Check out our latest analysis for Assurant

Assurant Insider Transactions Over The Last Year

In fact, the recent sale by Michael Campbell was the biggest sale of Assurant shares made by an insider individual in the last twelve months, according to our records. So what is clear is that an insider saw fit to sell at around the current price of US$167. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.

Assurant insiders didn't buy any shares over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

For those who like to find hidden gems this free list of small cap companies with recent insider purchasing, could be just the ticket.

Insider Ownership

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. 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 Assurant insiders own 0.5% of the company, worth about US$45m. 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 Assurant Insider Transactions Indicate?

Insiders haven't bought Assurant stock in the last three months, but there was some selling. And even if we look at the last year, we didn't see any purchases. On the plus side, Assurant makes money, and is growing profits. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. We'd practice some caution before buying! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Assurant. At Simply Wall St, we found 1 warning sign for Assurant that deserve your attention before buying any shares.

Of course Assurant 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.