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
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