KKR rises as executives continue insider buying

Alternative asset manager KKR's KKR.N shares climb 3.7% to $93.89

KKR co-CEOs Joseph Bae and Scott Nuttall as well as board director Mary Dillon collectively bought $10.8 million worth of firm's shares recently, according to regulatory filings on Tuesday

KKR insiders have now bought $46 million worth of firm's shares since February, according to data compiled by LSEG

Buybacks and insider buying are the strongest signals companies can send to the market, according to analysts

Alt asset manager stocks have sold off this year as anxiety climbed in private credit market due to questions about valuations and transparency

20 of 22 brokerages rate the stock "buy" or higher and two "hold"; median PT $136 - data compiled by LSEG

As of last close, KKR stock was down 29% YTD