Insider Buying: Illumina and F&G Annuities Executives Make Moves

Insider sales can occur for various reasons, but when an insider buys stock, it often signals confidence in future gains. Recently, two notable insider purchases have caught attention.

Illumina’s CFO Invests Significantly

On Monday, Ankur Dhingra, Illumina’s Senior Vice President and Chief Financial Officer, purchased $495,381 worth of ILMN stock, acquiring 6,100 shares at $81.21 each. Currently, investors can obtain ILMN shares even cheaper, with Thursday trading dipping as low as $79.34, reflecting a 2.3% discount from Dhingra’s purchase price. As of Thursday, Illumina’s stock has risen about 3.2% for the day.

CEO of F&G Annuities Takes a Position

Also on Monday, Christopher O. Blunt, CEO of F&G Annuities & Life, bought $469,650 worth of shares, acquiring 15,000 at $31.31 each. Before this purchase, Blunt made four additional purchases of FG stock over the past year, totaling $1.37 million at an average price of $34.36 per share. On Thursday, F&G Annuities & Life is trading down slightly, about 0.1% for the day, but shares can be found for as low as $30.52, which is 2.5% lower than Blunt’s recent purchase price.

VIDEO: Thursday 5/15 Insider Buying Report: ILMN, FG

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