Symetra shares offer a 1.7% dividend yield rate, with an annual rate of dividend growth that totaled 21.74% over the past year. The firm is currently trading at 13.2 times its trailing earnings, and can thus be acquired at a huge price discount relative to its industry's average. Although McKinnon’s purchase of company stock was rather small, this is the first insider trade the company has seen in a long time. A positive outcome in its third quarter results, coupled with the backing of an insider purchase, could motivate other insiders to increase their holdings in the company moving forward.
We'll be watching closely.
Disclosure: Pablo Erbar holds no position in any stocks mentioned