Mar 17, 2016

Posted by in Stock Reports | 0 Comments

Latest Insider Sales: Principal Financial Group Inc (NYSE:PFG), Equity Residential (NYSE:EQR), FNF Group of Fidelity National Financial, Inc. (NYSE:FNF)

Latest Insider Sales: Principal Financial Group Inc (NYSE:PFG), Equity Residential (NYSE:EQR), FNF Group of Fidelity National Financial, Inc. (NYSE:FNF)

As a general rule, insider buying shows management’s confidence in the company, and is considered a bullish sign—in other words a sign that stock prices are likely to go up. Conversely, insider selling is considered bearish—those in the know may be off loading their stocks in an expectation that prices will soon fall. So it pays to keep an eye on the activities of insiders.

Studies have shown that prompt and timely dissemination of insider transactions are profitable for investors, as insiders tend to beat the market. The odds in favor of an insider purchase being followed by further purchases are three times greater than the odds of a purchase followed by a sale.

Principal Financial Group Inc (NYSE:PFG) saw an insider sell on Mar 14, 2016 that may make shareholders worried. MCCAUGHAN JAMES P, President – Global Asset Mgmt., sold 20,000 shares at $39.84 a piece. The total sale came to $796,800, leaving the total count to 225,222 shares. Its shares currently owned by company management are 0.50% while institutional investors own about 68.90%. The 6-month change recorded in total insider ownership was -10.92%. On the other side, -0.15% change in total institutional ownership has been reported for the 3-month period.

Moving on to the second insider trade which involved Brackenridge Alexander, a Executive Vice President at Equity Residential (NYSE:EQR) sold 1,364 shares at $72.31 per share to trim the total holding at 22,430 shares. Its shares currently owned by company management are 0.80% while institutional investors own about 99.00%. The 6-month change recorded in total insider ownership was -14.62%. On the other side, 0.41% change in total institutional ownership has been reported for the 3-month period.

FNF Group of Fidelity National Financial, Inc. (NYSE:FNF) also received some insider trading action as Massey Richard N, who the company’s Director is sold some 60,641 shares at a price of $31.26 per share to the holding that now comprises of 134,005 shares. Its shares currently owned by company management are 2.80% while institutional investors own about 84.60%. The 6-month change recorded in total insider ownership was -3.78%. On the other side, -0.61% change in total institutional ownership has been reported for the 3-month period.

 

 

 

 

 

 

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