Stewart West Indies Trust

Stewart West Indies Trust discloses dealings in SRH Total Return Fund, Inc. to SEC (Form 4). We count 5 filings; the first trade dates from 20 February 2020 and the latest from 30 October 2020.

The open-market record is one-sided, with 5 purchases worth €92.2M and not one sale. Unlike grants, an open-market purchase is paid for by the insider, at the market price.

A typical purchase (the median) is worth €7.1M. 5 out of 5 purchases came within 30 days of a purchase by at least one other insider of the same company. A cluster is several different insiders buying the same stock within a short window, a pattern studied more closely than a single purchase. Looking at 5 purchases old enough to measure, the stock rose over the following 90 days in 80% of cases; the median change was +6.2%. They describe history only and say nothing certain about the share price ahead.

Most recently, on 3 November 2020, the filings show an open-market purchase worth €13.6M in SRH Total Return Fund, Inc. Filings reach the SEC (Form 4) feed a median of 4 days after the trade. For comparison, the SEC allows two business days to file a Form 4. This summary is built from SEC (Form 4) disclosures alone and does not predict where the share price will go.