Randall & Quilter founder and son sell two million shares

5th Feb 2013 15:05

Two million ordinary shares of non-life insurance investor Randall & Quilter were sold by the the group's Chairman and his son this week, the firm said on Tuesday.Chairman Ken Randall, who also is the investment firm's founder and Chief Executive Officer, sold one million shares at a price of 110p a share on Monday, earning himself a total of £1,100,000.Meanwhile his son, Mark Randall, sold the same amount at the same price. Collectively, the Randalls pocketed £2.2m from the transactions.What's more, it looks like it was a good time for a share sale with the stock hitting a 52-week high of 121.5p last week following a trading update. Even including Tuesday's near-3.0% fall, shares have risen 11.8% in 2013 alone.In a brief statement on February 1st, the company said pre-tax profits in 2012 would be in line with current market forecasts."The board remains confident in the positive outlook for the group during 2013," R&Q said.Top Director BuysBrown (N.) Group (BWNG) Director name: Mr Andrew HigginsonAmount purchased: 34,481 @ 379.11p Value: £130,721Brown (N.) Group (BWNG) Director name: Mr Andrew HigginsonAmount purchased: 20,000 @ 377.18p Value: £75,436City of London Investment Group (CLIG) Director name: Mr Barry M OlliffAmount purchased: 25,000 @ 280.00p Value: £70,000Standard Life European Private Equity Trust (SEP) Director name: Mr Alastair Barbour Amount purchased: 25,000 @ 185.00p Value: £46,250Aberforth Geared Income Trust (AGIT) Director name: Mr Graham R MenziesAmount purchased: 25,000 @ 117.31p Value: £29,328Fortune Oil (FTO) Director name: Mr Frank AttwoodAmount purchased: 115,116 @ 10.75p Value: £12,375Top Director SellsRandall & Quilter Investment Holdings (RQIH) Director name: Mr Ken RandallAmount sold: 2,000,000 @ 110.00p Value: £2,200,000BC