Yahoo Finance Loews Senior VP of Corporate Development & Strategy Acquires 1,625% More Stock \
Those following along with Loews Corporation (NYSE:L) will no doubt be intrigued by the recent purchase of shares by Benjamin Tisch, Senior VP of Corporate Development & Strategy of the company, who spent a stonking US$19m on stock at an average price of US$56.91. That purchase boosted their holding by 1,625%, which makes us wonder if the move was inspired by quietly confident deeply-felt optimism.
View our latest analysis for Loews
The Last 12 Months Of Insider Transactions At Loews
In fact, the recent purchase by Benjamin Tisch was the biggest purchase of Loews shares made by an insider individual in the last twelve months, according to our records. That means that an insider was happy to buy shares at around the current price of US$58.02. That means they have been optimistic about the company in the past, though they may have changed their mind. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. Happily, the Loews insider decided to buy shares at close to current prices. Benjamin Tisch was the only individual insider to buy shares in the last twelve months.
The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
Loews is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Does Loews Boast High Insider Ownership?
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. Loews insiders own about US$2.4b worth of shares (which is 18% of the company). This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
So What Do The Loews Insider Transactions Indicate?
The recent insider purchase is heartening. We also take confidence from the longer term picture of insider transactions. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Loews. One for the watchlist, at least! So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. To assist with this, we've discovered 1 warning sign that you should run your eye over to get a better picture of Loews.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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, but not derivative transactions.
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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.
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