In this article, I will feature one financial sector stock that has seen intensive insider buying during the last 30 days. Intensive insider buying can be defined by the following three criteria:
- The stock is purchased by three or more insiders within one month.
- The stock is sold by no insiders in the month of intensive purchasing.
- At least two purchasers increased their holdings by more than 10%.
Janus Capital Group (JNS) is a publicly owned asset management holding company with approximately $170.3 billion in assets under management.
Insider buying during the last 30 days
Here is a table of Janus' insider-trading activity during the last 30 days.
|Name||Title||Trade Date||Shares Purchased||Current Ownership||Increase In Shares|
|Richard Fredericks||Director||Feb 19||5,000||12,674 shares||+65.2%|
|Richard Weil||CEO||Feb 5||25,000||1,749,433 shares||+1.4%|
|Jeffrey Diermeier||Director||Jan 24||26,000||103,235 shares||+33.7%|
There have been 56,000 shares purchased by insiders during the last 30 days.
Insider buying by calendar month
Here is a table of Janus' insider-trading activity by calendar month.
Insider buying / shares
Insider selling / shares
There have been 56,000 shares purchased, and there have been 184,522 shares sold by insiders since January 2013. The month of February 2014 has seen the most insider buying.
Janus reported the full-year 2013 financial results on January 23 with the following highlights:
|Net income||$114.7 million|
(Source: Earnings presentation)
|Qtrly Rev Growth (yoy):||0.04||0.18||0.12||0.38|
|PEG (5 yr expected):||1.18||1.25||0.87||0.17|
Janus has the highest gross margin among these four companies.
Here is a table of these competitors' insider-trading activities during the last 30 days.
|Company||Insider buying / shares||Insider selling / shares|
Only Janus has seen intensive insider buying during the last 30 days.
There have been three different insiders buying Janus, and there have not been any insiders selling Janus during the last 30 days. Two of these three insiders increased their holdings by more than 10%. Janus has an insider ownership of 11.32%.
The insiders purchased their shares at a price range of $10.36-$11.54. I believe Janus could be a good pick at $11 based on the intensive insider buying.