We might be shocked if Security Insurance coverage Group, Inc. (NASDAQ:SAFT) shareholders have not seen that an insider, Ann McKeown, not too long ago offered US$268k value of inventory at US$79.01 per share. That sale was 14% of their holding, so it does make us increase an eyebrow.
Security Insurance coverage Group Insider Transactions Over The Final 12 months
The Vice President of Underwriting, James Berry, made the most important insider sale within the final 12 months. That single transaction was for US$324k value of shares at a value of US$82.11 every. So we all know that an insider offered shares at across the current share value of US$78.71. We usually do not prefer to see insider promoting, however the decrease the sale value, the extra it considerations us. On this case, the large sale occurred at across the present value, so it is not too dangerous (however it’s nonetheless not a constructive).
Fortunately, we word that within the final 12 months insiders paid US$211k for two.83k shares. Alternatively they divested 12.36k shares, for US$997k. During the last 12 months we noticed extra insider promoting of Security Insurance coverage Group shares, than shopping for. The chart beneath exhibits insider transactions (by firms and people) during the last 12 months. If you happen to click on on the chart, you’ll be able to see all the person transactions, together with the share value, particular person, and the date!
NasdaqGS:SAFT Insider Buying and selling Quantity September twenty fifth 2021
For individuals who like to seek out successful investments this free checklist of rising firms with latest insider buying, might be simply the ticket.
Does Security Insurance coverage Group Boast Excessive Insider Possession?
One other solution to take a look at the alignment between the leaders of an organization and different shareholders is to take a look at what number of shares they personal. We often prefer to see pretty excessive ranges of insider possession. It seems that Security Insurance coverage Group insiders personal 5.4% of the corporate, value about US$63m. This degree of insider possession is nice however simply in need of being notably stand-out. It definitely does counsel an affordable diploma of alignment.
So What Do The Security Insurance coverage Group Insider Transactions Point out?
An insider offered inventory not too long ago, however they have not been shopping for. Zooming out, the long term image would not give us a lot consolation. However since Security Insurance coverage Group is worthwhile and rising, we’re not too apprehensive by this. Insiders personal shares, however we’re nonetheless fairly cautious, given the historical past of gross sales. We’re in no rush to purchase! Whereas we like figuring out what is going on on with the insider’s possession and transactions, we make certain to additionally think about what dangers are going through a inventory earlier than making any funding determination. Working example: We have noticed 1 warning signal for Security Insurance coverage Group you ought to be conscious of.
If you happen to would favor to take a look at one other firm — one with probably superior financials — then don’t miss this free checklist of attention-grabbing firms, which have HIGH return on fairness and low debt.
For the needs of this text, insiders are these people who report their transactions to the related regulatory physique. We at present account for open market transactions and personal inclinations, however not by-product transactions.
This text by Merely Wall St is common in nature. We offer commentary based mostly on historic knowledge and analyst forecasts solely utilizing an unbiased methodology and our articles will not be supposed to be monetary recommendation. It doesn’t represent a suggestion to purchase or promote any inventory, and doesn’t take account of your goals, or your monetary scenario. We goal to carry you long-term targeted evaluation pushed by basic knowledge. Word that our evaluation might not issue within the newest price-sensitive firm bulletins or qualitative materials. Merely Wall St has no place in any shares talked about.
Have suggestions on this text? Involved concerning the content material? Get in contact with us straight. Alternatively, electronic mail editorial-team (at) simplywallst.com.
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.