A look at the weighted underlying holdings of the SPDR S&P Insurance ETF (Symbol: KIE) shows an impressive 12.7% of holdings on a weighted basis have experienced insider buying within the past six months.
Markel Group Inc (Symbol: MKL), which makes up 2.25% of the SPDR S&P Insurance ETF (Symbol: KIE), has seen 4 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $16,416,395 worth of MKL, making it the #11 largest holding. The table below details the recent insider buying activity observed at MKL:
MKL — last trade: $1576.55 — Recent Insider Buys:
| Purchased | Insider | Title | Shares | Price/Share | Value |
|---|---|---|---|---|---|
| 11/03/2023 | Thomas Sinnickson Gayner | Chief Executive Officer | 100 | $1311.92 | $131,192 |
| 11/03/2023 | Mark Besca | Director | 50 | $1316.90 | $65,845 |
| 11/03/2023 | A. Lynne Puckett | Director | 76 | $1321.47 | $100,432 |
| 11/08/2023 | Lawrence A. Cunningham | Director | 21 | $1320.81 | $27,737 |
| 02/02/2024 | A. Lynne Puckett | Director | 72 | $1409.28 | $101,468 |
| 02/02/2024 | Lawrence A. Cunningham | Director | 30 | $1407.76 | $42,233 |
| 02/02/2024 | Thomas Sinnickson Gayner | Chief Executive Officer | 100 | $1414.74 | $141,474 |
And Kemper Corp (Symbol: KMPR), the #20 largest holding among components of the SPDR S&P Insurance ETF (Symbol: KIE), shows 4 directors and officers as recently filing Form 4’s indicating purchases. The ETF holds $16,230,974 worth of KMPR, which represents approximately 2.22% of the ETF’s total assets at last check. The recent insider buying activity observed at KMPR is detailed in the table below:
KMPR — last trade: $58.39 — Recent Insider Buys:
| Purchased | Insider | Title | Shares | Price/Share | Value |
|---|---|---|---|---|---|
| 11/20/2023 | Stuart B. Parker | Director | 10,000 | $41.40 | $413,960 |
| 11/27/2023 | George N. Cochran | Director | 1,000 | $42.75 | $42,750 |
| 11/28/2023 | Joseph P. Lacher Jr. | President and CEO | 5,000 | $43.20 | $216,000 |
| 12/11/2023 | Alberto J. Paracchini | Director | 400 | $47.52 | $19,008 |
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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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