COO, CFO & Executive Director Antoine Hubert Joseph Forterre Sold A Bunch Of Shares In Man Group
We wouldn't blame Man Group Plc (LON:EMG) shareholders if they were a little worried about the fact that Antoine Hubert Joseph Forterre, the COO, CFO & Executive Director recently netted about UK£1.5m selling shares at an average price of UK£3.07. That diminished their holding by a very significant 54%, which arguably implies a strong desire to reallocate capital.
Man Group Insider Transactions Over The Last Year
In fact, the recent sale by Antoine Hubert Joseph Forterre was the biggest sale of Man Group shares made by an insider individual in the last twelve months, according to our records. So we know that an insider sold shares at around the present share price of UK£3.04. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.
In the last twelve months insiders purchased 46.00k shares for UK£105k. But insiders sold 553.26k shares worth UK£1.6m. Antoine Hubert Joseph Forterre divested 553.26k shares over the last 12 months at an average price of US$2.92. 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!
View our latest analysis for Man Group
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Insider Ownership Of Man Group
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that Man Group insiders own 0.2% of the company, worth about UK£8.4m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
So What Does This Data Suggest About Man Group Insiders?
The stark truth for Man Group is that there has been more insider selling than insider buying in the last three months. Zooming out, the longer term picture doesn't give us much comfort. On the plus side, Man Group makes money, and is growing profits. When you consider that most companies have higher levels of insider ownership, we're a little wary. So we'd only buy after very careful consideration. 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. Every company has risks, and we've spotted 2 warning signs for Man Group you should know about.
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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.