Insider Selling: Safety Insurance Group, Inc. (NASDAQ:SAFT) VP Sells 226 Shares of Stock

Safety Insurance Group, Inc. (NASDAQ:SAFT) VP Brian Siu-Gae Lam sold 226 shares of the business’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $81.46, for a total transaction of $18,409.96. Following the sale, the vice president now directly owns 3,518 shares of the company’s stock, valued at $286,576.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Safety Insurance Group Stock Performance

SAFT opened at $82.05 on Friday. Safety Insurance Group, Inc. has a 1 year low of $66.93 and a 1 year high of $89.46. The firm has a 50 day moving average price of $83.33 and a 200 day moving average price of $80.37. The company has a market cap of $1.22 billion, a PE ratio of 23.65 and a beta of 0.17.

Safety Insurance Group (NASDAQ:SAFT) last issued its earnings results on Wednesday, August 7th. The insurance provider reported $1.18 EPS for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.12). Safety Insurance Group had a net margin of 4.96% and a return on equity of 5.53%. The business had revenue of $269.78 million during the quarter.

Safety Insurance Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Tuesday, September 3rd were given a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 4.39%. The ex-dividend date of this dividend was Tuesday, September 3rd. Safety Insurance Group’s payout ratio is 103.75%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Safety Insurance Group from a “hold” rating to a “buy” rating in a report on Thursday, September 5th.

Institutional Investors Weigh In On Safety Insurance Group

Hedge funds have recently modified their holdings of the stock. Bessemer Group Inc. boosted its holdings in Safety Insurance Group by 458.9% in the 1st quarter. Bessemer Group Inc. now owns 313 shares of the insurance provider’s stock worth $26,000 after acquiring an additional 257 shares during the period. SG Americas Securities LLC acquired a new position in shares of Safety Insurance Group during the first quarter worth $152,000. Mutual of America Capital Management LLC purchased a new position in shares of Safety Insurance Group in the first quarter valued at $210,000. ProShare Advisors LLC grew its holdings in Safety Insurance Group by 7.3% during the 1st quarter. ProShare Advisors LLC now owns 2,905 shares of the insurance provider’s stock valued at $239,000 after purchasing an additional 198 shares in the last quarter. Finally, UniSuper Management Pty Ltd purchased a new stake in Safety Insurance Group during the 1st quarter worth $288,000. 81.04% of the stock is currently owned by hedge funds and other institutional investors.

About Safety Insurance Group

Safety Insurance Group, Inc provides private passenger and commercial automobile, and homeowner insurance in the United States. The company’s private passenger automobile policies offer coverage for bodily injury and property damage to others, no-fault personal injury coverage for the insured/insured’s car occupants, and physical damage coverage for an insured’s own vehicle for collision or other perils.