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SE · Financial Services
Svenska Handelsbanken AB
9 insiders with qualifying purchases across 16 purchase event(s); aggregate net purchases of €118.99m; most recent recorded purchase: 2026-10-22.
Identity: PASS Ticker: SHB-A.ST
INSIDER SIGNAL
Insider activity score：74.1 / 100
9 insiders · 16 purchase events · €118.99m net purchases
WHY THIS SIGNAL?
Score anatomy
Each bar shows the contribution to the current score; the weights and formula stay unchanged.
Cluster+29.8 / 35
How many distinct insiders bought in the cluster
Purchase size+25.0 / 25
Purchase value relative to company size and liquidity
Role+20.0 / 20
The seniority and relevance of participating insiders
Recency+9.3 / 10
How recently the purchases occurred
Conviction+10.0 / 10
How clearly buying stands out from other activity
What is holding the score back?
- ✓ Broad buyer cluster · 4+ distinct filers
- ✓ Strong insider role · ceo/chair involved
- ✓ Recent activity · latest purchase 2026-10-22
The role contribution uses the inverted role input of the current European model.
Buying concentration
63%
Largest buyer：Pär Boman · 945.28m SEK
Gross qualified purchase transaction-line value：1507.76m SEK
The headline € total is net buying for the screen; this module uses gross qualified purchase transaction-line values in the filing currency, so the amounts can differ. The current 15-day buyer-breadth input counts distinct buyers; value concentration is disclosed separately here.
This is a ranking under the current European screening rules—not a probability of gain, return forecast, or buy recommendation.
Key purchase quotes (filing currency)
| Filer | Price per unit | Trade date |
|---|---|---|
| Michael Green | 147.4 SEK | Oct 22, 2026 |
| Mårten Bjurman | 147.7 SEK | Oct 22, 2026 |
| Pär Boman | 139.15–140.8702 SEK | Jul 21, 2026 |
Model details
Cluster breakdown (does not change the score)
- 15-day buyer breadth (count)
- 3 distinct reported filers
- Peak time window
- 2025-10-23 to 2025-10-27
- Current breadth input
- 0.850 (capped at 4+ buyers)
- Buyer independence
- Not yet measured; related-party fields are not cross-market comparable
What the filings show
- 🟢 Recent eligible purchase
Michael Green · 1.47m SEK · Price 147.4 SEK · Oct 22, 2026 - 🟢 Eligible purchase
Mårten Bjurman · 619k SEK · Price 147.7 SEK · Oct 22, 2026 - 🟢 Large eligible purchase
Pär Boman · 351.32m SEK · Price 139.15–140.8702 SEK · Jul 21, 2026 - 🟡 32 remaining qualified transaction line(s) across 32 disclosure(s)
Insider timeline
3 insiders bought within 2 days, 21 Oct to 22 Oct: 1 Role not classified, 1 CEO / chair, 1 CFO. The share closed at 149.05 on the first of those days and at 149.05 most recently (+0.0%). That week 106 companies across Europe disclosed insider purchases, an ordinary week (26 of the last 26).
Tap an item for what it means.
●A purchase: the bigger the dot, the more was bought
Each dot is one insider's purchases on one day. The dot's area follows the amount: the largest purchase here gets the largest dot. Hold the pointer over a dot to see the date and the amount.
▮Purple band: several insiders bought within 15 days
The band marks the stretch with the most different buyers: at most 15 days long and at least two people. Here it is 21 Oct – 22 Oct, with 3 insiders. Only the strongest stretch is marked. Several people deciding the same thing is harder to explain by one person's private reasons, but insiders often buy together just after a closed period ends, so compare it with the grey weekly bars.
Blue line: this share's price, +14.7% over these six months
The closing price of each day, from 129.90 on 2026-04-27 to 149.05 on 2026-10-21. The line has no scale; read it for high and low: a dot on a low stretch was bought cheaply, a dot on a high stretch was not.
Dashed line: the typical stock on the same exchange, −5.5%
Taken from the 542 other stocks on the same exchange that this site holds prices for. Each is measured from the first day of the window, and every day the middle one is drawn. It starts where the blue line starts, so the gap between the two is the difference: this share +14.7%, the typical one −5.5%, 20.3 points ahead. It is not an index and not a comparison within one industry.
▂Grey bars: companies across Europe disclosing purchases each week
A taller bar is a week in which more companies disclosed insider purchases. The purple bar is the week of the band above: 106 companies, number 26 of the last 26 weeks. If that week was a peak anyway, buying together is less special than it looks.
This company: insiders buying per month, last 12 months
Nov
Dec
Jan
1Feb
1Mar
3Apr
May
Jun
2Jul
1Aug
Sep
3Oct
Darker bars are inside the 180-day window above.
Who traded
| Insider | Role | Purchases | Sales | Bought | First purchase | Share price since | Earlier purchases |
|---|---|---|---|---|---|---|---|
| Pär Boman | CEO / chair | 3 | — | 945.3M SEK | 2026-04-28 | +13.8% | 16 completed, median +6.3% against peers after 60 sessions |
| Michael Green | CEO / chair | 1 | — | 1.5M SEK | 2026-10-22 | — | fewer than 5 completed |
| Mårten Bjurman | CFO | 1 | — | 618.7k SEK | 2026-10-22 | — | fewer than 5 completed |
| Kjell Anders Jernhall | Board member | 1 | — | 130.4k SEK | 2026-04-29 | +14.2% | 6 completed, median −2.8% against peers after 60 sessions |
| Fredrik Lundberg | Board member | 3 | — | 556.4M SEK | 2026-07-16 | +6.6% | 25 completed, median +2.0% against peers after 60 sessions |
| Dan Lindwall | Role not classified | 1 | — | 745.0k SEK | 2026-10-21 | +0.0% | fewer than 5 completed |
BULL VS BEAR
Two readings of this buying
The same filings, read two ways. Each line is a fact stored for this company with the number behind it, and appears only when that number crosses a fixed threshold. Neither side is a forecast and no winner is declared.
All bull and bear lists, and what followed each line in the past →
Where the evidence comes from
Independent evidence does not object: the purchases themselves carry bull lines (several insiders together, more buyers than usual here, senior executive buying, bought in the last two weeks); share price and trading, short sellers were checked and none crosses a bear threshold. No data is held for: company results, company actions.
- The insider purchases themselvesBullseveral insiders together, more buyers than usual here, senior executive buying, bought in the last two weeks Bearsmall purchases3 checked, under the threshold · 2 missing
- Share price and trading3 checked, under the threshold
- Short sellers1 checked, under the threshold
- Company results2 missing
- Company actionsno data held
Bull case · the buying is informative
- 3 insiders bought within 15 days (2026-10-21 to 2026-10-22). Several people reaching the same decision at the same time is hard to put down to one person's circumstances.Record: after 5,334 earlier disclosures like this, the median 60-session excess return was −3.3%, within 1 percentage point of all comparable disclosures (−3.3%).
- 6 insiders bought in the last 180 days against 3 in the 180 days before: more than this company's own recent norm.Record: after 3,162 earlier disclosures like this, the median 60-session excess return was −2.7%, within 1 percentage point of all comparable disclosures (−2.7%).
- The buyers include the CEO or chair, who sees more of the business than most filers. This site's score gives little or no credit for that: in its backtests purchases by senior executives did no better than other insiders' purchases.Record: after 8,738 earlier disclosures like this, the median 60-session excess return was −3.1%, within 1 percentage point of all comparable disclosures (−3.2%).
- The latest purchase is 1 day old (2026-10-22). The buying is current, not left over from an earlier quarter.
Bear case · discount it
- Insider purchases in the last 20 sessions equal <0.01% of the stock's traded value over those sessions: too small to register in the market.
Evidence still missing
- The company's market value is not captured, so the purchases cannot be stated as a share of the business.
- No earnings, margin or cash-flow figures are captured for this company. The latest annual and interim reports are where to check whether the business is improving or deteriorating.
- European notifications have no field saying whether a purchase was pre-arranged; there is no counterpart to the US 10b5-1 box. None of the 36 purchase lines mentions a plan, but a bare “Förvärv” does not rule one out.
- The filings give the size of each trade, not what the buyer already held. Whether a purchase added 1% to a personal stake or doubled it is not known.
Checked and under the threshold: 7, 2 close to it
- BearThe largest buyer accounts for 63% of the value bought. Counted for the bear side from 80%. close to the threshold
- Bear2 of 6 buyers filed as a person closely associated with a manager. Counted for the bear side from half. close to the threshold
- BearNo insider sale is recorded in the same 180 days.
- BearThe share price changed +15% over six months (three months +3.9%, one month −3.6%). Counted for the bear side from a fall of 20%.
- BearOver three months the share price changed +3.9% and the median of 319 Financial Services companies changed −0.64%: ahead by 5 points. Counted for the bear side from 20 points behind.
- BearThe register of Finansinspektionen shows no published net short position in this company. Positions under 0.5% are never published, so this does not show that nobody is short.
- BearAbout €56.7M of the stock changes hands on an average day. Counted for the bear side below €500k.
Both columns arrange stored facts only. They do not change the insider score or the ranking and are not investment advice.
Why this score? · Model details
Priority = 100 × Σ(fixed weight × 0–1 rule-based input)
| Factor | Weight | This company input | Point contribution |
|---|---|---|---|
| 15-day buyer breadth (count) | 35% | 0.850 | 29.8 |
| Qualified-buy size | 25% | 1.000 | 25.0 |
| Role informativeness (inverted) | 20% | 0.000 | 0.0 |
| Recency | 10% | 0.933 | 9.3 |
| Buy/sell conviction | 10% | 1.000 | 10.0 |
This is a heuristic ordering under the current rules, not a calibrated return forecast. It explains why candidates rank differently; the public-filing evidence and data limits are shown below.
Signal history
74.1 / 100
Latest recorded score
↑ +7.9 ptsversus the comparable snapshot on 2026-09-23 (30 calendar days apart)
- Recorded snapshots
- 40
- First snapshot
- 2026-08-26
Only scores captured when the scoring run completed are compared. These are raw signal scores saved when each full scoring run completed. They describe changes in research ranking, not price performance or returns.
Why did it change?
Decomposition across the five score factors between comparable snapshots; historical scores are not recalculated.
- Recency+7.9 pts
Signal score history
Fixed 0–100 scale; dates are spaced by calendar time.
Recent recorded points
- 67.1
- 68.5
- 65.6
- 65.1
- 74.1
View all recorded scores
| Snapshot date | Signal score |
|---|---|
| 2026-08-26 | 67.1 |
| 2026-08-27 | 67.1 |
| 2026-08-28 | 73.5 |
| 2026-08-31 | 71.8 |
| 2026-09-01 | 71.3 |
| 2026-09-02 | 70.9 |
| 2026-09-03 | 70.5 |
| 2026-09-04 | 70.1 |
| 2026-09-07 | 69.1 |
| 2026-09-08 | 68.8 |
| 2026-09-09 | 68.5 |
| 2026-09-10 | 68.3 |
| 2026-09-11 | 68.0 |
| 2026-09-14 | 67.4 |
| 2026-09-23 | 66.2 |
| 2026-09-24 | 66.1 |
| 2026-09-25 | 66.0 |
| 2026-09-28 | 65.8 |
| 2026-09-29 | 65.7 |
| 2026-09-30 | 65.6 |
| 2026-10-01 | 65.6 |
| 2026-10-02 | 65.5 |
| 2026-10-03 | 65.5 |
| 2026-10-04 | 65.5 |
| 2026-10-05 | 65.4 |
| 2026-10-06 | 65.3 |
| 2026-10-07 | 65.3 |
| 2026-10-08 | 65.3 |
| 2026-10-09 | 65.2 |
| 2026-10-12 | 65.1 |
| 2026-10-13 | 65.1 |
| 2026-10-14 | 65.1 |
| 2026-10-15 | 65.1 |
| 2026-10-16 | 65.0 |
| 2026-10-18 | 65.0 |
| 2026-10-19 | 65.0 |
| 2026-10-20 | 65.0 |
| 2026-10-21 | 67.0 |
| 2026-10-22 | 74.8 |
| 2026-10-23 | 74.1 |
Sector context
- Buying breadth
- 9.9% (65 / 656 issuers)
- Sector rank
- #5 / 12
- 7D breadth change
- +1.1 pp · vs 2026-10-16 (7d)
- 30D breadth change
- History building
This is sector-level research context. It does not affect the Insider Signal or ranking.
Disclosed net short positions
The Finansinspektionen register, read 23 Oct 2026, publishes no net short position of 0.5% or more in this issuer. Positions below 0.5% are never published, so this is not evidence that nobody is short.
Short-position disclosures are external context; they do not affect the insider score, ranking, or filing eligibility.
Insiders' buying price vs the latest close
Insiders paid 139.03 SEK a share on average (40 purchase lines, 8 buyers, 2025-10-23 – 2026-10-22). The close on 2026-10-21 was 7.2% above that price.
The latest purchase (2026-10-22) was at 147.49 SEK; the close was 1.1% above that price.
Prices paid are weighted by shares and taken from the filings; dividends are not counted. Not scored.
Buying size vs market trading
<0.01% · of estimated traded value in the same period
2026-09-24 – 2026-10-21 · 20 recorded trading sessions
- Disclosed qualifying purchases
- 745,000 SEK
- Estimated market traded value
- 13,764,355,611 SEK
Market-data coverage: 499 verified sessions · Latest session: 2026-10-21 · Ratio status: Available
Recent and largest purchase events / preceding 60-session ADTV
- Oct 22 · Michael Green · Verkställande direktör (VD)1,474,000 SEK · 0.25%593,432,191 SEK ADTV
- Oct 22 · Mårten Bjurman · Ekonomichef/finanschef/finansdirektör618,715 SEK · 0.10%593,432,191 SEK ADTV
- Oct 21 · Dan Lindwall · Vice VD745,000 SEK · 0.13%571,442,034 SEK ADTV
- Aug 26 · Pär Boman · Styrelseordförande291,642,494 SEK · 50.33%579,454,923 SEK ADTV
- Jul 21 · Pär Boman · Styrelseordförande351,319,365 SEK · 55.66%631,152,174 SEK ADTV
- Jul 20 · Fredrik Lundberg · Styrelseledamot139,106,300 SEK · 21.84%636,922,070 SEK ADTV
- Jul 17 · Fredrik Lundberg · Styrelseledamot139,209,500 SEK · 21.67%642,429,127 SEK ADTV
- Jul 16 · Fredrik Lundberg · Styrelseledamot278,090,600 SEK · 43.42%640,504,027 SEK ADTV
Traded value is estimated as close × shares traded, in major currency units. Includes disclosed qualifying purchases; disclosures may lag. Contractual or planned acquisitions are not necessarily discretionary. Ratios describe relative trading size, not market participation or score contributions.
Additional context and cautions
Recorded facts
- • 9 reported buyer(s) · 42 qualified disclosure(s) · 42 qualified transaction line(s)
- • Aggregate net purchases: €118.99m
- • Median daily traded value: €56.72m (screen threshold: ≥€500k)
- • Six-month historical price return: +15.2%
This explains deterministic screen inclusion; it is not an investment recommendation or a suitability assessment.
1. News & events
Signal events
Latest company updates
No verified company update is available yet; a direct source is still being connected.
Market context (0)
No classified market-context item.
53 low-confidence, duplicate, or irrelevant headline(s) were withheld; the audit log remains in internal data-quality records.
2. Filing evidence
The rows below are from the underlying national-feed CSV and the current 365-day research window; no website-side reclassification or value calculation is applied.
Eligible insider-purchase filings used in this screen
These detailed purchase disclosures retain the original filer, role, transaction and source fields. The first three rows are shown; the rest can be unfolded.
42 qualified disclosures · 42 transaction lines used in this screen
Oct 22, 2026Förvärv
Mårten Bjurman · Ekonomichef/finanschef/finansdirektör
Aktie · 4189.0 shares × 147.70 SEK · —
Oct 22, 2026Förvärv
Michael Green · Verkställande direktör (VD)
Aktie · 10000.0 shares × 147.40 SEK · —
Oct 21, 2026Förvärv
Dan Lindwall · Vice VD
Aktie · 5000.0 shares × 149.0 SEK · —
Unfold all 39 remaining filing row(s)
| Transaction date | Published | Filer | Role | Transaction | Instrument | Price (local currency) | Quote currency | Volume | Source |
|---|---|---|---|---|---|---|---|---|---|
| 2026-08-26 | 2026-08-26 | Pär Boman | Styrelseordförande | Förvärv | Aktie | 145.9750 SEK | SEK | 1715.0 | — |
| 2026-08-26 | 2026-08-26 | Pär Boman | Styrelseordförande | Förvärv | Aktie | 146.2439 SEK | SEK | 282391.0 | — |
| 2026-08-26 | 2026-08-26 | Pär Boman | Styrelseordförande | Förvärv | Aktie | 146.0500 SEK | SEK | 7113.0 | — |
| 2026-08-26 | 2026-08-26 | Pär Boman | Styrelseordförande | Förvärv | Aktie | 146.2250 SEK | SEK | 559.0 | — |
| 2026-08-26 | 2026-08-26 | Pär Boman | Styrelseordförande | Förvärv | Aktie | 146.1250 SEK | SEK | 1403.0 | — |
| 2026-08-26 | 2026-08-26 | Pär Boman | Styrelseordförande | Förvärv | Aktie | 145.8526 SEK | SEK | 411472.0 | — |
| 2026-08-26 | 2026-08-26 | Pär Boman | Styrelseordförande | Förvärv | Aktie | 145.5500 SEK | SEK | 387039.0 | — |
| 2026-08-26 | 2026-08-26 | Pär Boman | Styrelseordförande | Förvärv | Aktie | 145.8893 SEK | SEK | 8136.0 | — |
| 2026-08-26 | 2026-08-26 | Pär Boman | Styrelseordförande | Förvärv | Aktie | 145.8500 SEK | SEK | 172.0 | — |
| 2026-08-26 | 2026-08-26 | Pär Boman | Styrelseordförande | Förvärv | Aktie | 145.7000 SEK | SEK | 750000.0 | — |
| 2026-08-26 | 2026-08-26 | Pär Boman | Styrelseordförande | Förvärv | Aktie | 146.2250 SEK | SEK | 150000.0 | — |
| 2026-07-21 | 2026-07-21 | Pär Boman | Styrelseordförande | Förvärv | Aktie | 140.4792 SEK | SEK | 666866.0 | — |
| 2026-07-21 | 2026-07-21 | Pär Boman | Styrelseordförande | Förvärv | Aktie | 140.5494 SEK | SEK | 188772.0 | — |
| 2026-07-21 | 2026-07-21 | Pär Boman | Styrelseordförande | Förvärv | Aktie | 140.5558 SEK | SEK | 210061.0 | — |
| 2026-07-21 | 2026-07-21 | Pär Boman | Styrelseordförande | Förvärv | Aktie | 139.1500 SEK | SEK | 33002.0 | — |
| 2026-07-21 | 2026-07-21 | Pär Boman | Styrelseordförande | Förvärv | Aktie | 140.8702 SEK | SEK | 1029.0 | — |
| 2026-07-21 | 2026-07-21 | Pär Boman | Styrelseordförande | Förvärv | Aktie | 140.8000 SEK | SEK | 270.0 | — |
| 2026-07-21 | 2026-07-21 | Pär Boman | Styrelseordförande | Förvärv | Aktie | 140.6462 SEK | SEK | 650000.0 | — |
| 2026-07-21 | 2026-07-21 | Pär Boman | Styrelseordförande | Förvärv | Aktie | 140.5150 SEK | SEK | 750000.0 | — |
| 2026-07-20 | 2026-07-20 | Fredrik Lundberg | Styrelseledamot | Förvärv | Aktie | 139.1063 SEK | SEK | 1000000.0 | — |
| 2026-07-17 | 2026-07-20 | Fredrik Lundberg | Styrelseledamot | Förvärv | Aktie | 139.2095 SEK | SEK | 1000000.0 | — |
| 2026-07-16 | 2026-07-20 | Fredrik Lundberg | Styrelseledamot | Förvärv | Aktie | 139.0453 SEK | SEK | 2000000.0 | — |
| 2026-04-29 | 2026-04-29 | Kjell Anders Jernhall | Styrelseledamot | Förvärv | Aktie | 130.40 SEK | SEK | 1000.0 | — |
| 2026-04-28 | 2026-04-28 | Pär Boman | Styrelseordförande | Förvärv | Aktie | 131.3097 SEK | SEK | 341119.0 | — |
| 2026-04-28 | 2026-04-28 | Pär Boman | Styrelseordförande | Förvärv | Aktie | 131.2402 SEK | SEK | 425902.0 | — |
| 2026-04-28 | 2026-04-28 | Pär Boman | Styrelseordförande | Förvärv | Aktie | 131.3033 SEK | SEK | 127174.0 | — |
| 2026-04-28 | 2026-04-28 | Pär Boman | Styrelseordförande | Förvärv | Aktie | 131.2622 SEK | SEK | 110225.0 | — |
| 2026-04-28 | 2026-04-28 | Pär Boman | Styrelseordförande | Förvärv | Aktie | 131.5852 SEK | SEK | 212291.0 | — |
| 2026-04-28 | 2026-04-28 | Pär Boman | Styrelseordförande | Förvärv | Aktie | 131.7000 SEK | SEK | 90000.0 | — |
| 2026-04-28 | 2026-04-28 | Pär Boman | Styrelseordförande | Förvärv | Aktie | 131.5388 SEK | SEK | 61390.0 | — |
| 2026-04-28 | 2026-04-28 | Pär Boman | Styrelseordförande | Förvärv | Aktie | 131.0000 SEK | SEK | 1627.0 | — |
| 2026-04-28 | 2026-04-28 | Pär Boman | Styrelseordförande | Förvärv | Aktie | 131.1500 SEK | SEK | 272.0 | — |
| 2026-04-28 | 2026-04-28 | Pär Boman | Styrelseordförande | Förvärv | Aktie | 131.5648 SEK | SEK | 930000.0 | — |
| 2026-04-23 | 2026-04-23 | Michael Green | Verkställande direktör (VD) | Förvärv | Aktie | 129.75 SEK | SEK | 5000.0 | — |
| 2026-03-03 | 2026-03-03 | Kjell Anders Jernhall | Styrelseledamot | Förvärv | Aktie | 139.60 SEK | SEK | 1000.0 | — |
| 2026-02-18 | 2026-02-18 | David Haqvinsson | Annan medlem i bolagets administrations-, lednings- eller kontrollorgan, Annan ledande befattningshavare | Förvärv | Aktie | 142.548742857 SEK | SEK | 3500.0 | — |
| 2025-10-27 | 2025-10-27 | Anton Romare Keller | Annan medlem i bolagets administrations-, lednings- eller kontrollorgan | Förvärv | Aktie | 122.7 SEK | SEK | 2500.0 | — |
| 2025-10-24 | 2025-10-24 | Mårten Bjurman | Ekonomichef/finanschef/finansdirektör | Förvärv | Aktie | 121.05 SEK | SEK | 10000.0 | — |
| 2025-10-23 | 2025-10-23 | Maria Hedin | Annan medlem i bolagets administrations-, lednings- eller kontrollorgan | Förvärv | Aktie | 124.8 SEK | SEK | 2395.0 | — |
Showing 42 of 42 matching raw-feed row(s) from the current 365-day research window. Prices and reported values remain in the filing currency and its major unit (for example, UK pence are parsed as GBP). The screen-level € aggregate is separately FX-normalised for research ranking, not a trade-date conversion.
Other disclosed transactions
These records remain available for audit but are not treated as discretionary-purchase evidence.
The underlying filing feed is unavailable in this snapshot; this is not a claim that no filings exist.
3. Model reading
These inputs explain the current research ordering. They are displayed after the evidence and are not a forecast.
- Signal score
- 74.1
- Risk-adjusted signal
- 3.15
- 15-day buyer-breadth input
- 0.85
- Size input
- 1.0
- Role input
- 0.0
- Recency input
- 0.933
- Conviction input
- 1.0
Risk-adjusted signal = raw signal ÷ annualised historical volatility, then a modest quality × low-beta tilt. It is used only for the current research ordering—not an expected return, Sharpe ratio, or risk forecast. The risk inputs appear below.
4. Tradability and risk
- Annualised volatility
- 22.5%
- Beta
- 0.88
- Maximum drawdown
- -19.9%
- Average daily value
- €56.72m
- 6-month momentum
- 15.2%
5. Provenance
- Country feed
- SE
- ISIN
- SE0007100599
- Raw evidence file
- europe/sweden/se_insider_trades.csv
Board date: 2026-10-23. Source retrieval and publication dates remain on the individual filing rows where supplied.