"A well-known adage reminds us that corporate insiders and 10% owners really only buy shares of a company because they believe the stock price will rise and they want to profit from it. Thus, insider buying can be an encouraging signal for potential investors. This is especially so during times of market uncertainty, and even when markets are near all-time highs."
"Buyer(s): 10% owner Mitsui Sumitomo Total shares: over 1.0 million Price per share: $66.03 to $69.37 Total cost: around $69.3 million Last spring, this buyer reached an agreement to acquire 15% of W.R. Berkley's shares. Mitsui Sumitomo expects to complete its investment in this Connecticut-based insurance holding company during the first quarter of 2026. Its stake is up to almost 55.6 million shares, or about 14%."
Beneficial owners increased holdings in Under Armour Inc. and W.R. Berkley Corp. during an otherwise slower period for insider buying. A public offering of International Tower Hill Mines Ltd. resulted in substantial insider purchases. Insider buying often signals management confidence, particularly during market uncertainty and near-record market levels. Many insiders face trading restrictions during the fourth-quarter earnings-reporting season. Mitsui Sumitomo purchased over 1.0 million W.R. Berkley shares at $66.03 to $69.37, spending about $69.3 million. Mitsui Sumitomo previously agreed to acquire 15% of W.R. Berkley and expects to complete the investment in the first quarter of 2026.
Read at 24/7 Wall St.
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