Those following along with Tryg A/S (CPH:TRYG) will no doubt be intrigued by the recent purchase of shares by Charlotte Dietzer, Employee Representative Supervisory Board Member of the company, who spent a stonking kr.4.5m on stock at an average price of kr.148. That increased their holding by a full 3,198%, 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.
Tryg Insider Transactions Over The Last Year
Notably, that recent purchase by Charlotte Dietzer is the biggest insider purchase of Tryg shares that we've seen in the last year. That implies that an insider found the current price of kr.150 per share to be enticing. Of course they may have changed their mind. But this suggests they are optimistic. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. The good news for Tryg share holders is that insiders were buying at near the current price.
Over the last year, we can see that insiders have bought 39.29k shares worth kr.5.9m. But insiders sold 34.33k shares worth kr.5.2m. In the last twelve months there was more buying than selling by Tryg insiders. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
Check out our latest analysis for Tryg
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.
Insider Ownership
For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. From our data, it seems that Tryg insiders own 0.05% of the company, worth about kr.48m. But they may have an indirect interest through a corporate structure that we haven't picked up on. Whilst better than nothing, we're not overly impressed by these holdings.
What Might The Insider Transactions At Tryg Tell Us?
It is good to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. Given that insiders also own a fair bit of Tryg we think they are probably pretty confident of a bright future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Tryg. To assist with this, we've discovered 1 warning sign that you should run your eye over to get a better picture of Tryg.
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 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.