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From what we can see, insiders were net buyers in White Mountains Insurance Group, Ltd.'s (NYSE:WTM ) during the past 12 months. That is, insiders acquired the stock in greater numbers than they sold it.
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we would consider it foolish to ignore insider transactions altogether.
View our latest analysis for White Mountains Insurance Group
The Last 12 Months Of Insider Transactions At White Mountains Insurance Group
The Independent Chairman of the Board Weston Hicks made the biggest insider purchase in the last 12 months. That single transaction was for US$1.5m worth of shares at a price of US$1,485 each. We do like to see buying, but this purchase was made at well below the current price of US$1,885. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.
You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
White Mountains Insurance Group is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.
Insider Ownership
Many investors like to check how much of a company is owned by 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. It's great to see that White Mountains Insurance Group insiders own 3.1% of the company, worth about US$144m. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
What Might The Insider Transactions At White Mountains Insurance Group Tell Us?
It doesn't really mean much that no insider has traded White Mountains Insurance Group shares in the last quarter. On a brighter note, the transactions over the last year are encouraging. With high insider ownership and encouraging transactions, it seems like White Mountains Insurance Group insiders think the business has merit. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. At Simply Wall St, we found 1 warning sign for White Mountains Insurance Group that deserve your attention before buying any shares.
Of course White Mountains Insurance Group may not be the best stock to buy. So you may wish to see this free collection of high quality companies.