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Bullboard - Stock Discussion Forum CI Financial Corp T.CIX

Alternate Symbol(s):  CIXXF

CI Financial Corp. is a diversified global asset and wealth management company operating primarily in Canada, the United States and Australia. The Company is engaged in the management and distribution of a range of financial products and services, including wealth management, insurance, and others. The Company operates through three segments: Asset Management, Canadian Wealth Management, and U... see more

TSX:CIX - Post Discussion

CI Financial Corp > Buying activity reported by multiple insiders.
View:
Post by zack50 on Feb 01, 2021 11:07am

Buying activity reported by multiple insiders.

"Between Jan. 14 and 22, chairman of the board Bill Holland invested over $4-million in shares of CI. He acquired a total of 250,000 shares at an average price per share of approximately $16.35.

On Jan. 19, Bill Butt, appointed to the board of directors in 2019, bought 60,000 shares at a cost per share of $16.4547 for an account in which he has indirect ownership (Dunedin Investment Corporation). The cost of this investment exceeded $987,000, excluding commission charges.

On Jan. 22, Tom Muir, sitting on the board of directors since 2011, acquired 15,000 shares at a cost per share of $16.53 for an account in which he has indirect ownership (Muir Investments Limited). The cost of this purchase totaled approximately $248,000, not including trading fees.

The company pays its shareholders a quarterly dividend of 18 cents per share or 72 cents per share yearly, equating to a current annualized yield of over 4 per cent."

Comment by Ronbromleygross on Feb 01, 2021 3:56pm
Yup If this isn't a confirmation that these insiders see so much tremendous value here then I don't know what is.  The aquisitions done over the last year will start to flow to FCF and EPS in due time.  Buy on dips like I have said so many times Also be sure to use the dividend re investment plan to buy more shares.  Have been doing this for 20 years while holding CI ...more  
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