"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: more than 1.1 million Price per share: $68.07 to $71.08 Total cost: almost $80.1 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 more than 51.9 million shares, or over 13%."
Corporate insiders and 10% owners commonly buy shares because they expect stock prices to rise, making insider purchases an encouraging signal for investors, especially during market uncertainty. The fourth-quarter earnings reporting season has not begun, so fewer insiders face trading prohibitions. Mitsui Sumitomo purchased more than 1.1 million W.R. Berkley shares at $68.07–$71.08, spending almost $80.1 million and raising its stake to over 13% with more than 51.9 million shares, aiming to complete a planned 15% investment by Q1 2026. W.R. Berkley shares are up 22.1% year over year, while analyst sentiment remains cautious.
Read at 24/7 Wall St.
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