Safety Insurance Group Independent Director Acquires 50% More Stock

Explore Safety Insurance Group's Fair Values from the Community and select yours

Potential Safety Insurance Group, Inc. (NASDAQ:SAFT) shareholders may wish to note that the Independent Director, Dennis Langwell, recently bought US$143k worth of stock, paying US$71.49 for each share. That's a very solid buy in our book, and increased their holding by a noteworthy 50%.

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Safety Insurance Group Insider Transactions Over The Last Year

Notably, that recent purchase by Dennis Langwell is the biggest insider purchase of Safety Insurance Group shares that we've seen in the last year. So it's clear an insider wanted to buy, at around the current price, which is US$73.35. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. The good news for Safety Insurance Group share holders is that an insider was buying at near the current price. The only individual insider to buy over the last year was Dennis Langwell.

You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

View our latest analysis for Safety Insurance Group

Safety Insurance Group is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket.

Insider Ownership

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. Safety Insurance Group insiders own about US$25m worth of shares. That equates to 2.3% of the company. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

What Might The Insider Transactions At Safety Insurance Group Tell Us?

The recent insider purchase is heartening. And the longer term insider transactions also give us confidence. Given that insiders also own a fair bit of Safety Insurance Group we think they are probably pretty confident of a bright future. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. At Simply Wall St, we found 1 warning sign for Safety Insurance Group that deserve your attention before buying any shares.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.