Alvero Gumer

AMP President of Insurance & Annuities sold 4,658 shares (-50.2% of holdings) at $542.88 on 2026-02-09 for $2.5M; stock now -11.6% from 52-week high.

Alvero Gumer sold approximately half his AMP holdings (4,658 shares) at $542.88, reducing his stake from 9,279 to 4,621 shares. The transaction occurred near the stock's 52-week high, with AMP now trading at $485.96, approximately 11.6% below the transaction price. His prior two AMP sales (2024-10-31 and 2024-03-27) both resulted in positive 90-day returns, indicating he has not historically timed AMP sales well — both were followed by further gains rather than declines. AMP's fundamentals remain solid with FY revenue growth of +11.1%, a P/E of 12.45, and Q4 net income of $912.0M, but Gumer's decision to liquidate half his position during strength in the broader market context, combined with the stock's subsequent -4.7% move over the past 30 days, merits attention to his conviction in near-term price direction relative to his execution.

Alvero Gumer (President-Insurance&Annuities) sold 2,325 shares of AMP for $1,199,812.30 on 2024-10-31, reducing holdings by 33.2%.

Alvero Gumer, President of Insurance & Annuities, sold 2,325 shares at $516.05 on 2024-10-31 for a total value of $1,199,812.30, reducing his holdings from 6,994 shares to 4,669 shares—a 33.2% reduction in his position. The sale occurred near the 52-week high of $523.16 (within 3.2% of the peak), and the stock has subsequently fallen 3.2% to the current price of $506.59. His prior transaction at AMP on 2024-03-27 also resulted in a decline over the 90-day period (90d return +0.3%, not well-timed by the timing metric). The broader context shows AMP trading at a 18.16 P/E with $4.4B quarterly revenue and 8.9% annual growth, indicating a mature, growing financial services business. While the substantive reduction in holdings warrants monitoring, the timing relative to recent stock performance and the insider's historical execution at this ticker (0 of 1 prior sells well-timed at the 90-day mark) suggest this transaction occurred without prescient market foresight.