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President And CEO Of Affiliated Managers Group Purchased $316.02 Thousand In Stock

Jay Horgen, President And CEO at Affiliated Managers Group (NYSE:AMG), made a large insider buy on September 14, according to a new SEC filing.

What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Tuesday showed that Horgen purchased 2,000 shares of Affiliated Managers Group at a price of $158.01 per share. The total transaction amounted to $316,020.

Horgen now owns a total of 189,283 of Affiliated Managers Group worth, 30,239,852.

Affiliated Managers Group shares are trading up 1.26% at $159.76 at the time of this writing on Wednesday morning.

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The Importance of Insider Transactions

Insider transactions shouldn't be used primarily to make an investing decision, however, they can be an important factor for an investor to consider.