Michael T Wilkins - Insider Trading Tracker

Introduction

This page provides a comprehensive analysis of the known insider trading history of Michael T Wilkins. Insiders are officers, directors, or significant investors in a company. It is illegal for insiders to make trades in their companies based on specific, non-public information. This does not mean it is illegal for them to make any trades in their own companies. However, they must report all trades to the SEC via a Form 4. Despite these restrictions, academic research suggests that insiders - in general - tend to outperform the market in their own companies.

Average Trade Profitability

Companies with Reported Insider Positions

The SEC filings indicate Michael T Wilkins has reported holdings or trades in the following companies:

How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Michael T Wilkins. Non-planned trade are trades that were not made as part of a 10b5-1 trading plan. The stock performance is charted as cumulative percent change in share price. For example, if an insider trade was made on January 1, 2019, the chart will show the daily percent change of the security to the present day. If the share price were to go from $10 to $15 during this time, the cumulative percent change in share price would be 50%. A change in price from $10 to $20 would be 100%, and a change in price of $10 to $5 would be -50%.

Ultimately, we are trying to determine how closely the insider’s trades correlate to excess returns (positive or negative) in the share price in order to see if the insider is timing their trades to profit from insider information. Consider the situation where an insider was doing this. In this situation, we would expect either (a) positive returns after purchases, or (b) negative returns after sales. In the case of (a), the PURCHASE chart would show a series of upwardly sloping curves, indicating positive returns after each purchase transaction. In the case of (b), the SALE chart would show a series of downward sloping curves, indicating negative returns after each sale transaction.

However, this alone is not enough to draw conclusions. If, for example, the share price of the company was in a non-cyclical climb over many years, then we would expect all the post-purchase plots to be upwardly sloping. Likewise, non-cyclical declines over many years would result in downward sloping post-trade plots. Neither of these charts would suggest insider trading activity.

The strongest indicator would be a situation where the share price was extremely cyclical, and there were both positive signals in the PURCHASE chart and negative plots on the SALE chart. This situation would be highly suggestive of an insider that was timing trades to their financial advantage.

Insider Purchases UFCS / United Fire Group, Inc. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in UFCS / United Fire Group, Inc.. This analysis helps to understand if the insider consistently generates abnormal returns, and is worth following. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market purchases that were not part of an automatic trading plan.

Trade Date	Ticker	Insider	Reported Shares	Reported Price	Adjusted Shares	Adjusted Price	Cost Basis	Days to Max	Price at Max	Max Profit ($)	Max Return (%)
2013-02-15	UFCS	Wilkins Michael T	4	23.9600	4	23.9600	96	244	33.7400	40	42.06
2013-01-31	UFCS	Wilkins Michael T	4	23.1900	4	23.1900	93
2013-01-15	UFCS	Wilkins Michael T	4	23.0000	4	23.0000	92
2012-10-15	UFCS	Wilkins Michael T	2	24.9900	2	24.9900	50
2012-09-28	UFCS	Wilkins Michael T	4	25.1200	4	25.1200	100
2012-09-17	UFCS	Wilkins Michael T	4	22.7100	4	22.7100	91
2012-08-31	UFCS	Wilkins Michael T	4	22.1400	4	22.1400	89
2012-08-15	UFCS	Wilkins Michael T	4	21.7200	4	21.7200	87
2012-07-31	UFCS	Wilkins Michael T	5	19.6000	5	19.6000	98
2012-07-16	UFCS	Wilkins Michael T	4	21.5800	4	21.5800	86
2012-06-29	UFCS	Wilkins Michael T	4	21.3300	4	21.3300	85
2012-06-15	UFCS	Wilkins Michael T	4	21.6500	4	21.6500	87
2012-05-31	UFCS	Wilkins Michael T	4	21.2500	4	21.2500	85
2012-05-30	UFCS	Wilkins Michael T	5	17.2200	5	17.2200	86
2012-05-15	UFCS	Wilkins Michael T	4	21.1000	4	21.1000	84
2012-04-13	UFCS	Wilkins Michael T	5	16.8200	5	16.8200	84
2012-03-30	UFCS	Wilkins Michael T	5	17.8900	5	17.8900	89
2012-03-15	UFCS	Wilkins Michael T	4	18.9800	4	18.9800	76
2012-03-01	UFCS	Wilkins Michael T	4	20.0000	4	20.0000	80
2012-02-15	UFCS	Wilkins Michael T	4	18.9800	4	18.9800	76
2012-01-31	UFCS	Wilkins Michael T	4	19.6300	4	19.6300	79
2012-01-17	UFCS	Wilkins Michael T	1	19.5800	1	19.5800	20

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

Insider Sales UFCS / United Fire Group, Inc. - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in UFCS / United Fire Group, Inc.. A consistent pattern of loss avoidance may suggest that future sale transactions may predict declines in price. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market sales that were not part of an automatic trading plan.

Trade Date	Ticker	Insider	Reported Shares	Reported Price	Adjusted Shares	Adjusted Price	Cost Basis	Days to Min	Price at Min	Max Loss Avoided ($)	Max Loss Avoided (%)
2020-12-04	UFCS	Wilkins Michael T	2,938	22.7900	2,938	22.7900	66,957	329	20.43	-6,934	-10.36
2019-12-03	UFCS	Wilkins Michael T	8,789	42.7743	8,789	42.7743	375,943
2017-12-07	UFCS	Wilkins Michael T	3,771	47.2449	3,771	47.2449	178,161
2016-12-07	UFCS	Wilkins Michael T	2,046	47.6224	2,046	47.6224	97,439
2016-02-24	UFCS	Wilkins Michael T	14,499	41.4108	14,499	41.4108	600,415

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

Insider Trading History

This table shows the complete list of insider trades made by Michael T Wilkins as disclosed to the Securities Exchange Commission (SEC).