Yahoo Finance Marie-Lucie Morin Is The Independent Corporate Director of Sun Life Financial Inc. (TSE:SLF) And Just Spent CA$75k On Shares
Even if it's not a huge purchase, we think it was good to see that Marie-Lucie Morin, the Independent Corporate Director of Sun Life Financial Inc. (TSE:SLF) recently shelled out CA$75k to buy stock, at CA$62.19 per share. Nevertheless, it only increased their shareholding by a minuscule percentage, and it wasn't a massive purchase by absolute value, either.
Check out our latest analysis for Sun Life Financial
Sun Life Financial Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider purchase was by President Kevin Strain for CA$463k worth of shares, at about CA$61.71 per share. So it's clear an insider wanted to buy, at around the current price, which is CA$62.47. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. The good news for Sun Life Financial share holders is that insiders were buying at near the current price.
Sun Life Financial 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. By clicking on the graph below, you can see the precise details of each insider transaction!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
Does Sun Life Financial Boast High 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. I reckon it's a good sign if insiders own a significant number of shares in the company. From our data, it seems that Sun Life Financial insiders own 0.02% of the company, worth about CA$7.4m. Whilst better than nothing, we're not overly impressed by these holdings.
So What Do The Sun Life Financial Insider Transactions Indicate?
The recent insider purchases are heartening. And the longer term insider transactions also give us confidence. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on Sun Life Financial stock. 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. For example - Sun Life Financial has 1 warning sign we think you should be aware of.
Of course Sun Life Financial 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, 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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