Insider trade is often an important insight into the fortunes of companies. It is not always the case, but large buying or selling is usually a tell tail sign of where company profits are heading.
Executives have been buying into Sagicor Group in recent months. In October another purchase of shares took place. The company advised the Jamaica Stock Exchange that an executive purchased 417,016 of its shares on October 24, 2014 under the Executive Long Term Inventive Scheme.
Sagicor Group reported profit of $1.62 billion for it June quarter this year, versus $1.56 billion last year, and $2.7 billion in the six months to June, this year. Third quarter profit results which are scheduled for release shortly, should be hit with redundancy and other costs, related to the acquisition and rebranding of RBC Jamaica operation at the end of June.
More inside buying at Sagicor Group
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[…] to close at 21 US cents, up 0.45 cents. Radio Jamaica traded 31,470 shares with unchanged at $3.01, Sagicor Group with 283,978 shares changing hands, closed 4 cents lower at $12.96, Scotia Group traded 145,930 […]
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[…] trading at $3.50, Proven Investments ended with 51,900 ordinary share trading at 21 US cents, Sagicor Group gained 45 cents with 22,385 units trading, to end at $13, but had 1 million units on sale at $13 at […]
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[…] of 2,061,715 shares under during the period March 11 and March 16. The trades were done under the Executive Long Term Incentive of the […]
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[…] changed hands, ending in 7,517,895 units trading, valued at $70,926,533, in all market segments. Sagicor Group accounted for $53.4 million of the trades. Main Market| The JSE Market Index gained 208.93 points […]
[…] Caribbean Cream had 245,000 units trading at $1.71, down69 cents, Carreras traded 274344 at $50, Sagicor Group saw 178,396 units changing hands at $13, while Scotia Investments put through 42,000 shares at […]