Insider Selling: Safety Insurance Group, Inc. (SAFT) Director Sells 451 Shares of Stock

Safety Insurance Group, Inc. (NASDAQ:SAFT) Director David F. Brussard sold 451 shares of the business’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $80.01, for a total transaction of $36,084.51. Following the completion of the transaction, the director now directly owns 12,077 shares of the company’s stock, valued at approximately $966,280.77. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Safety Insurance Group, Inc. (NASDAQ:SAFT) traded down $0.30 during midday trading on Thursday, hitting $79.30. 45,200 shares of the stock were exchanged, compared to its average volume of 50,734. Safety Insurance Group, Inc. has a one year low of $65.75 and a one year high of $84.00. The firm has a market cap of $1,220.00, a P/E ratio of 19.18 and a beta of 0.78.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date was Thursday, November 30th. Safety Insurance Group’s dividend payout ratio is currently 77.29%.

Several hedge funds and other institutional investors have recently bought and sold shares of SAFT. Vanguard Group Inc. increased its stake in shares of Safety Insurance Group by 3.3% during the 2nd quarter. Vanguard Group Inc. now owns 1,382,190 shares of the insurance provider’s stock valued at $94,404,000 after acquiring an additional 43,812 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Safety Insurance Group by 10.5% during the 2nd quarter. Renaissance Technologies LLC now owns 343,686 shares of the insurance provider’s stock valued at $23,474,000 after acquiring an additional 32,700 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Safety Insurance Group by 54.2% during the 3rd quarter. Wells Fargo & Company MN now owns 79,308 shares of the insurance provider’s stock valued at $6,052,000 after acquiring an additional 27,860 shares during the last quarter. Old Mutual Global Investors UK Ltd. acquired a new position in shares of Safety Insurance Group during the 2nd quarter valued at about $1,799,000. Finally, Westwood Holdings Group Inc. increased its stake in shares of Safety Insurance Group by 25.1% during the 2nd quarter. Westwood Holdings Group Inc. now owns 123,365 shares of the insurance provider’s stock valued at $8,426,000 after acquiring an additional 24,745 shares during the last quarter. 78.59% of the stock is owned by institutional investors.

Several research analysts recently weighed in on SAFT shares. BidaskClub downgraded shares of Safety Insurance Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, December 7th. Compass Point downgraded shares of Safety Insurance Group from a “neutral” rating to a “sell” rating in a research note on Monday, October 16th.

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About Safety Insurance Group

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.

Insider Buying and Selling by Quarter for Safety Insurance Group (NASDAQ:SAFT)

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