CFO & Executive Director of OUTsurance Group Jan Hofmeyr Buys 76% More Shares

Those following along with OUTsurance Group Limited (JSE:OUT) will no doubt be intrigued by the recent purchase of shares by Jan Hofmeyr, CFO & Executive Director of the company, who spent a stonking R20m on stock at an average price of R42.27. That increased their holding by a full 76%, which arguably implies the sort of confidence required for a shy sweet-natured nerd to ask the most popular kid in the school to go out on a date.

Check out our latest analysis for OUTsurance Group

OUTsurance Group Insider Transactions Over The Last Year

Notably, that recent purchase by Jan Hofmeyr is the biggest insider purchase of OUTsurance Group shares that we've seen in the last year. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of R47.09. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.

OUTsurance Group 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 click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them).

Insider Ownership Of OUTsurance Group

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. We usually like to see fairly high levels of insider ownership. Insiders own 0.2% of OUTsurance Group shares, worth about R139m, according to our data. We do generally prefer see higher levels of insider ownership.

What Might The Insider Transactions At OUTsurance Group Tell Us?

It is good to see recent purchasing. And an analysis of the transactions over the last year also gives us confidence. When combined with notable insider ownership, these factors suggest OUTsurance Group insiders are well aligned, and quite possibly think the share price is too low. Looks promising! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing OUTsurance Group. You'd be interested to know, that we found 1 warning sign for OUTsurance Group and we suggest you have a look.

Of course OUTsurance 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.

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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