Ashworth-Lord trimmed his holding in the company from 3.1% of shares to 2.6% or 678,100 worth £5.2 million at a share price of 777p, down 9.3% from a September high of 861p.
The trade was placed ahead of tomorrow’s interim results.
Shares in the Leicester wealth manager and workplace pension specialist remain more than 200% richer over the last five years. Canaccord Genuity last month lifted its guidance on the stock to buy and its price target from 840p to 860p.
That followed a trading update reporting assets client up from £7.7 billion to £8.3 billion in the six months to end November, and organic revenue growth of 15%.
Chief executive Ian Mattioli (pictured) said: ‘Strong growth in revenue in the first six months of this financial year has translated into strong growth in [earnings before interest, tax, depreciation and amortisation] with Ebitda margin for the first half tracking substantially ahead of our 20% target.
‘I believe the group remains very well placed to succeed in its chosen markets and our profit outlook for the year remains in line with management's expectations.’