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 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.
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