Friday, March 09, 2018 10:15 PM ET
Significant Insider Selling in Shares of Affiliated Managers Group
A substantial insider sale of the shares of Affiliated Managers Group was indicated in a form 4 document filed with the SEC today, showing — Jay C Horgen, Officer — disposed of 30,000 shares in the company having a market value of approximately $5,687,550. This is the first insider buy/sell trade in the past 90 days.
The number of buy-sell trades for Affiliated Managers Group is close to that of the 31 member peer company average. The Investment Management & Fund Operators peer group saw 41 buy/sell trades during this period for an average of 1.3 transactions per company. However, the number of shares per buy/sell trade transacted by Affiliated Managers Group insiders is higher. Within the peer group there were 13,641 shares purchased and 685,738 shares sold with company insiders disposing of 16,393 shares on average.
In determining significant insider buying and selling, trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data sourced to evaluate and write this story.
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