National Security Group, Inc. (NASDAQ:NSEC) major shareholder Andrew J. Abernathey acquired 3,857 shares of the company’s stock in a transaction dated Tuesday, October 17th. The stock was acquired at an average cost of $12.67 per share, with a total value of $48,868.19. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
The company also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Monday, November 6th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date is Friday, November 3rd. National Security Group’s dividend payout ratio is -105.26%.
About National Security Group
The National Security Group, Inc is an insurance holding company. The Company, through its subsidiaries, operates through two segments: property and casualty insurance, and life insurance. Its property and casualty insurance business is conducted through National Security Fire and Casualty Company (NSFC), a subsidiary of the Company, and Omega One Insurance Company (Omega), a subsidiary of NSFC.
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