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CI Financial (T:CIX) has notable insider buying

Updated Tuesday May 18, 2021 01:57 AM EDT

CI Financial Corp. (CIX) has a high amount of executive buying compared to its mid-cap peers over the past three months.

Thomas Pinaud Muir, a Director, acquired 35,000 Common Shares on a direct ownership basis at a price of $21.800 through the public market on May 14th, 2021. This represents a $763,000 investment into the company's shares and an account share holdings change of greater than 100%.

CI Financial is in the Investment Management & Fund Operators Sub Industry Group under the Financials Sector.

CI Financial Corp (CI) is a Canada-based asset and wealth management company. The Company operates through two business segments: Asset Management and Wealth Management. The Company primarily operates its Asset Management businesses through CI Investments Inc and GSFM Pty Ltd. The Company operates its Wealth Management Segment through Assante Wealth Management (Canada) Ltd., CI Private Counsel LP, CI Direct Investing (WealthBar Financial Services Inc.), BBS Securities Inc., The Cabana Group, LLC, Congress Wealth Management, One Capital Management, LLC and Surevest LLC. The Asset Management segment derives its revenue principally from the fees earned on the management of investment funds and other fee-earning investment products. The Wealth Management segment derives its revenue principally from fees and commissions from ongoing service, financial planning and advice (which may include investment management services), and on the sale of investment funds and other financial products.

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Go to CI Financial Corp. (CIX)'s company page

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