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from the world of economics and financeA look at the weighted underlying holdings of the iShares U.S. Insurance ETF (Symbol: IAK) shows an impressive 10.7% of holdings on a weighted basis have experienced insider buying within the past six months.
Globe Life Inc (Symbol: GL), which makes up 0.91% of the iShares U.S. Insurance ETF (Symbol: IAK), has seen 7 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $5,476,323 worth of GL, making it the #24 largest holding. The table below details the recent insider buying activity observed at GL:
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 |
05/16/2024 | James Matthew Darden | Co-Chairman & CEO | 2,000 | $84.82 | $169,646 |
05/17/2024 | Thomas Peter Kalmbach | EVP & CFO | 500 | $84.43 | $42,214 |
05/20/2024 | Frank M. Svoboda | Co-Chairman & CEO | 2,500 | $86.31 | $215,764 |
05/21/2024 | James Matthew Darden | Co-Chairman & CEO | 1,000 | $82.78 | $82,775 |
05/21/2024 | Frank M. Svoboda | Co-Chairman & CEO | 2,500 | $82.27 | $205,684 |
05/28/2024 | Robert Edward Hensley | EVP & Chief Investment Officer | 2,500 | $82.17 | $205,421 |
And AXIS Capital Holdings Ltd (Symbol: AXS), the #28 largest holding among components of the iShares U.S. Insurance ETF (Symbol: IAK), shows 3 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $4,324,613 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:
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 |
05/21/2024 | Michael Millegan | Director | 1,400 | $71.49 | $100,086 |
05/28/2024 | Stanley A. Galanski | Director | 2,000 | $71.43 | $142,860 |
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