A look at the weighted underlying holdings of the iShares U.S. Insurance ETF (Symbol: IAK) shows an impressive 10.6% of holdings on a weighted basis have experienced insider buying within the past six months.
Globe Life Inc (Symbol: GL), which makes up 1.01% of the iShares U.S. Insurance ETF (Symbol: IAK), has seen 3 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $6,482,412 worth of GL, making it the #23 largest holding. The table below details the recent insider buying activity observed at GL:
GL — last trade: $86.88 — Recent Insider Buys:
| Purchased | Insider | Title | Shares | Price/Share | Value |
|---|---|---|---|---|---|
| 04/24/2024 | James Brannen | Director | 2,000 | $78.47 | $156,940 |
| 04/24/2024 | David A. Rodriguez | Director | 1,500 | $79.72 | $119,585 |
| 04/25/2024 | Mark A. Blinn | Director | 2,000 | $76.77 | $153,540 |
And AXIS Capital Holdings Ltd (Symbol: AXS), the #28 largest holding among components of the iShares U.S. Insurance ETF (Symbol: IAK), shows 2 directors and officers as recently filing Form 4’s indicating purchases. The ETF holds $4,621,518 worth of AXS, which represents approximately 0.72% of the ETF’s total assets at last check. The recent insider buying activity observed at AXS is detailed in the table below:
AXS — last trade: $69.99 — Recent Insider Buys:
| Purchased | Insider | Title | Shares | Price/Share | Value |
|---|---|---|---|---|---|
| 02/06/2024 | Stanley A. Galanski | Director | 7,000 | $58.45 | $409,150 |
| 05/06/2024 | W. Marston Becker | Director | 3,025 | $66.58 | $201,404 |
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Also see:
RAVE Price Target
EXC Price Target
Top Ten Hedge Funds Holding WIZ
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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