Safety Insurance Group, Inc. (NASDAQ:SAFT) VP David E. Krupa sold 7,000 shares of the stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $80.30, for a total value of $562,100.00. Following the completion of the sale, the vice president now owns 22,925 shares of the company’s stock, valued at $1,840,877.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Safety Insurance Group, Inc. (SAFT) opened at $79.50 on Friday. Safety Insurance Group, Inc. has a 1 year low of $65.75 and a 1 year high of $84.00. The company has a market capitalization of $1,204.50, a P/E ratio of 19.16 and a beta of 0.79.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were paid a dividend of $0.80 per share. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $3.20 annualized dividend and a yield of 4.03%. Safety Insurance Group’s dividend payout ratio (DPR) is 77.11%.
Hedge funds and other institutional investors have recently modified their holdings of the company. SG Americas Securities LLC grew its stake in Safety Insurance Group by 67.2% during the 3rd quarter. SG Americas Securities LLC now owns 2,450 shares of the insurance provider’s stock worth $187,000 after purchasing an additional 985 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new position in Safety Insurance Group during the 2nd quarter worth $211,000. Grimes & Company Inc. acquired a new position in Safety Insurance Group during the 3rd quarter worth $217,000. Neuberger Berman Group LLC acquired a new position in Safety Insurance Group during the 3rd quarter worth $220,000. Finally, QS Investors LLC grew its stake in Safety Insurance Group by 45.0% during the 2nd quarter. QS Investors LLC now owns 4,403 shares of the insurance provider’s stock worth $301,000 after purchasing an additional 1,367 shares in the last quarter. 78.59% of the stock is owned by institutional investors and hedge funds.
SAFT has been the topic of several analyst reports. BidaskClub downgraded Safety Insurance Group from a “hold” rating to a “sell” rating in a research report on Thursday. Compass Point downgraded Safety Insurance Group from a “neutral” rating to a “sell” rating in a research report on Monday, October 16th.
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Safety Insurance Group Company Profile
Safety Insurance Group, Inc is a provider of private passenger automobile insurance. The Company offers a portfolio of property and casualty insurance products. The Company is engaged in property and casualty insurance operations. The Company’s product line includes private passenger automobile, commercial automobile, homeowners, business owners’ policies, personal umbrella, dwelling fire, commercial umbrella, inland marine and watercraft.
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