Have Primerica Insiders Been Selling Stock?

We wouldn't blame Primerica, Inc. (NYSE:PRI) shareholders if they were a little worried about the fact that Glenn Williams, the CEO & Director recently netted about US$668k selling shares at an average price of US$223. However, it's crucial to note that they remain very much invested in the stock and that sale only reduced their holding by 5.8%.

Check out our latest analysis for Primerica

The Last 12 Months Of Insider Transactions At Primerica

Notably, that recent sale by CEO & Director Glenn Williams was not the only time they sold Primerica shares this year. Earlier in the year, they fetched US$247 per share in a -US$986k sale. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The good news is that this large sale was at well above current price of US$221. So it may not shed much light on insider confidence at current levels.

Primerica insiders didn't buy any shares over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

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

Does Primerica Boast High Insider Ownership?

For a common shareholder, it is worth checking how many shares are held by company 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. Insiders own 0.5% of Primerica shares, worth about US$42m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Do The Primerica Insider Transactions Indicate?

Insiders haven't bought Primerica stock in the last three months, but there was some selling. Looking to the last twelve months, our data doesn't show any insider buying. But since Primerica is profitable and growing, we're not too worried by this. Insiders own shares, but we're still pretty cautious, given the history of sales. We're in no rush to buy! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Primerica. Every company has risks, and we've spotted 2 warning signs for Primerica you should know about.

But note: Primerica may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE 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 of direct interests only, but not derivative transactions or indirect interests.

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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.

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