BidaskClub lowered shares of Safety Insurance Group (NASDAQ:SAFT) from a hold rating to a sell rating in a research note released on Saturday.
Safety Insurance Group (NASDAQ SAFT) opened at $74.45 on Friday. Safety Insurance Group has a 1 year low of $65.75 and a 1 year high of $84.00. The firm has a market capitalization of $1,133.05, a price-to-earnings ratio of 17.94 and a beta of 0.71.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be paid a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 4.30%. The ex-dividend date of this dividend is Wednesday, February 28th. Safety Insurance Group’s dividend payout ratio is currently 77.11%.
Institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC lifted its stake in Safety Insurance Group by 67.2% in the 3rd quarter. SG Americas Securities LLC now owns 2,450 shares of the insurance provider’s stock worth $187,000 after acquiring an additional 985 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new stake in Safety Insurance Group in the 2nd quarter worth about $211,000. Grimes & Company Inc. purchased a new stake in Safety Insurance Group in the 3rd quarter worth about $217,000. Neuberger Berman Group LLC purchased a new stake in Safety Insurance Group in the 3rd quarter worth about $220,000. Finally, First Republic Investment Management Inc. purchased a new stake in Safety Insurance Group in the 4th quarter worth about $322,000. 77.52% of the stock is owned by hedge funds and other institutional investors.
TRADEMARK VIOLATION WARNING: “BidaskClub Lowers Safety Insurance Group (SAFT) to Sell” was first reported by Community Financial News and is the property of of Community Financial News. If you are viewing this report on another publication, it was illegally copied and republished in violation of US and international copyright & trademark law. The correct version of this report can be accessed at https://www.com-unik.info/2018/02/18/bidaskclub-lowers-safety-insurance-group-saft-to-sell.html.
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.
Receive News & Ratings for Safety Insurance Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Safety Insurance Group and related companies with MarketBeat.com's FREE daily email newsletter.