Thursday’s Insider Report: Three dividend stocks traded by CEOs and company presidents

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A look at recent notable transactions

Featured below are companies that have experienced recent insider trading activity in the public market through their direct and indirect ownerships, including accounts they have control or direction over.

Keep in mind, when looking at transaction activities by insiders, purchasing activity may reflect perceived value in a security. Selling activity may or may not be related to a stock’s valuation; perhaps an insider needs to raise money for personal reasons. An insider’s total holdings should be considered because a sale may, in context, be insignificant if this person has a large remaining position in the company.

On Sept. 8, president Tim McKay exercised his options, receiving 40,000 shares at a cost per share of $35.27, and sold 40,000 shares at a price per share of $89.9467. Net proceeds totaled over $2.1 million, excluding any associated transaction fees.On Sept. 18, president and chief executive officer of iA Financial Group Denis Ricard exercised his options, receiving 3,000 shares at a cost per share of $40.

 

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