Insiders are buying these 6 ASX All Ords shares

What have insiders been buying in recent days? Let's find out.

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It can be useful for investors to keep an eye on which shares have experienced meaningful insider buying.

This is because insider buying is often regarded as a bullish indicator, as few people know a company and its intrinsic value better than its directors. If they are buying, it could be a sign that they are confident in the direction the company is heading and see value in its shares.

With that in mind, listed below are a few ASX All Ords shares that have reported insider buying recently. They are as follows:

AUB Group Ltd (ASX: AUB)

An insider has been buying this insurance broker's shares in recent sessions. According to a change of director's interests notice, Melanie Laing picked up 1,714 shares through an on-market trade on 31 May. Laing paid a total consideration of $49,980.65, which equates to an average of $29.16 per share.

Boss Energy Ltd (ASX: BOE)

This uranium producer has reported some meaningful insider buying. Its non-executive director, Jan Honeyman, bought 21,739 shares through an on-market trade on 30 May. Ms Honeyman paid an average of $4.60 per share, which equates to a total consideration of $99,999.40. This almost doubled the director's stake in the company.

Eagers Automotive Ltd (ASX: APE)

This auto retailer's director, Nick Politis, has been making large investments in its shares in recent months. This continued last week on 30 May when Politis snapped up a further 100,000 shares in the ASX All Ords share for an average of $10.11 per share. This equates to a total consideration of just over $1 million. A day earlier, fellow director David Blackhall bought 45,000 shares through an on-market trade.

Lendlease Group (ASX: LLC)

The CEO of this beaten-down property development company has been buying shares. A notice shows that Anthony Lombardo snapped up 15,000 shares through an on-market trade on 30 May. He paid an average of $6.0196 per share, which represents a total consideration of approximately $90,000.

Peter Warren Automotive Holdings Ltd (ASX: PWR)

Another beaten-down ASX All Ords share that has reported insider buying is Peter Warren Automotive. Its executive director Paul Warren made a series of trades between 28 May and 30 May. This saw him snap up a total of 541,000 shares for a total consideration in the region of $1 million.

Smartgroup Corporation Ltd (ASX: SIQ)

This salary packaging and fleet management company's non-executive director, Ian Watt, has been buying its shares. Watt bought 10,000 shares through an on-market trade on 30 May for a total consideration of $79,900. This represents an average price of $7.99 per share.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended Smartgroup. The Motley Fool Australia has recommended Aub Group and Eagers Automotive Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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