This Insider Has Just Sold Shares In Jardine Matheson Holdings
Some Jardine Matheson Holdings Limited (SGX:J36) shareholders may be a little concerned to see that the Executive Chairman, Benjamin Keswick, recently sold a substantial US$2.1m worth of stock at a price of US$59.38 per share. However, it's crucial to note that they remain very much invested in the stock and that sale only reduced their holding by 0.2%.
Jardine Matheson Holdings Insider Transactions Over The Last Year
Notably, that recent sale by Executive Chairman Benjamin Keswick was not the only time they traded Jardine Matheson Holdings shares this year. Earlier in the year, they spent US$73m to buy shares at US$42.52 per share. Even though the purchase was made at a significantly lower price than the recent price (US$58.75), we still think insider buying is a positive. 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.
Happily, we note that in the last year insiders paid US$75m for 1.77m shares. But insiders sold 35.03k shares worth US$2.1m. Overall, Jardine Matheson Holdings insiders were net buyers during the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Check out our latest analysis for Jardine Matheson Holdings
Jardine Matheson Holdings 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 Of Jardine Matheson Holdings
For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Jardine Matheson Holdings insiders own 7.5% of the company, currently worth about US$1.3b based on the recent share price. 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 Does This Data Suggest About Jardine Matheson Holdings Insiders?
An insider sold stock recently, but they haven't been buying. On the other hand, the insider transactions over the last year are encouraging. And insider ownership remains quite considerable. So we're not too bothered by recent selling. 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. At Simply Wall St, we found 3 warning signs for Jardine Matheson Holdings that deserve your attention before buying any shares.
Of course Jardine Matheson Holdings 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.