John Mcginnis, the Executive Vice President and Chief Financial Officer of ManpowerGroup Inc (MAN, Financial), purchased 8,000 shares of the company on October 23, 2024, according to a recent SEC Filing. The transaction was executed at a price of $62.28 per share, making the total investment amount $498,240. Following this transaction, the insider now owns 70,639 shares of ManpowerGroup Inc.
ManpowerGroup Inc is a leading workforce solutions company, offering a range of services including recruitment, assessment, training, and outsourcing. The company operates globally, providing innovative workforce solutions to help businesses manage their talent needs in a dynamic world.
Over the past year, John Mcginnis has increased his holdings in the company by purchasing a total of 8,000 shares and has not sold any shares. This recent acquisition aligns with a broader pattern of insider activity at the company, where there has been 1 insider buy and 2 insider sells over the last year.
The shares of ManpowerGroup Inc were trading at $62.28 on the day of the transaction, giving the company a market cap of approximately $3.025 billion. The price-earnings ratio of the stock stands at 80.70, significantly above both the industry median of 18.24 and the company's historical median.
According to the GF Value, which is an intrinsic value estimate used to gauge the fair value of stocks, ManpowerGroup Inc is currently modestly undervalued. The GF Value of $76.32 suggests a price-to-GF-Value ratio of 0.82, indicating that the stock might be an attractive buy opportunity based on this metric.
This insider buying activity could be a signal to investors about the perceived value of the stock at current prices, especially when considered alongside the company's valuation metrics and the GF Value assessment.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
