LONDON (SHARECAST) - Two million ordinary shares of non-life insurance investor Randall & Quilter were sold by the the group's Chairman and his son this week, the firm said on Tuesday.
Chairman Ken Randall, who also is the investment firm's founder and Chief Executive Officer, sold one million shares at a price of 110p a share on Monday, earning himself a total of £1,100,000.
Meanwhile his son, Mark Randall, sold the same amount at the same price. Collectively, the Randalls pocketed £2.2m from the transactions.
What's more, it looks like it was a good time for a share sale with the stock hitting a 52-week high of 121.5p last week following a trading update. Even including Tuesday's near-3.0% fall, shares have risen 11.8% in 2013 alone.
In a brief statement on February 1st, the company said pre-tax profits in 2012 would be in line with current market forecasts.
"The board remains confident in the positive outlook for the group during 2013," R&Q said.
Top Director Buys
Brown (N.) Group (BWNG)
Director name: Mr Andrew Higginson
Amount purchased: 34,481 @ 379.11p
Value: £130,721
Brown (N.) Group (BWNG)
Director name: Mr Andrew Higginson
Amount purchased: 20,000 @ 377.18p
Value: £75,436
City of London Investment Group (CLIG)
Director name: Mr Barry M Olliff
Amount purchased: 25,000 @ 280.00p
Value: £70,000
Standard Life European Private Equity Trust (SEP)
Director name: Mr Alastair Barbour
Amount purchased: 25,000 @ 185.00p
Value: £46,250
Aberforth Geared Income Trust (AGIT)
Director name: Mr Graham R Menzies
Amount purchased: 25,000 @ 117.31p
Value: £29,328
Fortune Oil (FTO)
Director name: Mr Frank Attwood
Amount purchased: 115,116 @ 10.75p
Value: £12,375
Top Director Sells
Randall & Quilter Investment Holdings (RQIH)
Director name: Mr Ken Randall
Amount sold: 2,000,000 @ 110.00p
Value: £2,200,000
BC
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