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Hilltop Holdings President & CEO of Hilltop Securities Inc. Martin Winges Sells 37% Of Holding

Simply Wall St ·  Mar 3 05:46

Some Hilltop Holdings Inc. (NYSE:HTH) shareholders may be a little concerned to see that the President & CEO of Hilltop Securities Inc., Martin Winges, recently sold a substantial US$925k worth of stock at a price of US$30.83 per share. That sale reduced their total holding by 37% which is hardly insignificant, but far from the worst we've seen.

The Last 12 Months Of Insider Transactions At Hilltop Holdings

Over the last year, we can see that the biggest insider sale was by the insider, Hillel Feinberg, for US$965k worth of shares, at about US$32.39 per share. That means that an insider was selling shares at around the current price of US$30.64. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive).

Insiders in Hilltop Holdings didn't buy any shares in the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

insider-trading-volume
NYSE:HTH Insider Trading Volume March 3rd 2024

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: insiders have been buying them).

Does Hilltop Holdings Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. It's great to see that Hilltop Holdings insiders own 29% of the company, worth about US$579m. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

So What Does This Data Suggest About Hilltop Holdings Insiders?

An insider sold Hilltop Holdings shares recently, but they didn't buy any. And even if we look at the last year, we didn't see any purchases. But since Hilltop Holdings is profitable and growing, we're not too worried by this. It is good to see high insider ownership, but the insider selling leaves us cautious. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Hilltop Holdings. Every company has risks, and we've spotted 2 warning signs for Hilltop Holdings you should know about.

Of course Hilltop Holdings may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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