Anyone interested in Safety Insurance Group, Inc. (NASDAQ:SAFT) should probably be aware that the Vice President of Underwriting, James Berry, recently divested US$293k worth of shares in the company, at an average price of US$81.39 each. The eyebrow raising move amounted to a reduction of 12% in their holding.
The Last 12 Months Of Insider Transactions At Safety Insurance Group
Over the last year, we can see that the biggest insider sale was by the insider, David Krupa, for US$312k worth of shares, at about US$88.00 per share. So what is clear is that an insider saw fit to sell at around the current price of US$80.94. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.
Insiders in Safety Insurance Group didn’t buy any shares in the last year. The chart below shows insider transactions (by individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.
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. Insiders own 4.8% of Safety Insurance Group shares, worth about US$61m. While this is a strong but not outstanding level of insider ownership, it’s enough to indicate some alignment between management and smaller shareholders.
So What Does This Data Suggest About Safety Insurance Group Insiders?
An insider hasn’t bought Safety Insurance Group stock in the last three months, but there was some selling. And even if we look to the last year, we didn’t see any purchases. But since Safety Insurance Group is profitable and growing, we’re not too worried by this. Insiders own shares, but we’re still pretty cautious, given the history of sales. We’d think twice before buying! To put this in context, take a look at how a company has performed in the past. You can access this detailed graph of past earnings, revenue and cash flow.
Of course Safety Insurance Group may not be the best stock to buy. So you may wish to see this free collection of high quality companies.
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, but not derivative transactions.
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