CI Financial (CIX) has notable insider net $ buying

CI Financial (T:CIX)

CI Financial Corp. (CIX) has a high amount of executive buying compared to its mid-cap peers over the past three months. Manisha Burman, a Senior Officer, acquired 21,153 Common Shares on a direct ownership basis at a price of $14.720 through an exercise of rights on June 15th, 2023. The insider also disposed 11,356 Common Shares on a direct ownership basis at a price of $14.859 through the public market on June 19th, 2023. This represents a $142,633 net investment into the company's shares and an account share holdings change of greater than 100%.

CI Financial Corp. is a Canada-based diversified global asset and wealth management company operating in Canada, the United States, and Australia. The Company is engaged in the business of management, marketing, distribution, and administration of investment products for Canadian investors as well as providing financial advice, tax, retirement, estate, and wealth planning services. The Company's Asset Management segment includes asset management business in Canada, which operates under the brand CI Global Asset Management in addition to its asset management business in Australia. The Canada Wealth Management segment includes its wealth management operations in Canada which operate under the brands Assante Wealth Management, CI Private Counsel, CI Investment Services, CI Direct Investing, and Aligned Capital. The U.S. Wealth Management segment comprises 23 wealth management businesses that operate under the brand CI Private Wealth.