Safety Insurance Group, Inc. (NASDAQ:SAFT) has been given an average broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating.

Zacks has also given Safety Insurance Group an industry rank of 184 out of 257 based on the ratings given to its competitors.

Separately, BidaskClub raised shares of Safety Insurance Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 8th.

NASDAQ:SAFT opened at $86.79 on Wednesday. The company has a market cap of $1.34 billion, a price-to-earnings ratio of 17.48 and a beta of 0.65. Safety Insurance Group has a twelve month low of $70.45 and a twelve month high of $99.70.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Monday, December 3rd will be given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 3.69%. The ex-dividend date of this dividend is Friday, November 30th.

In other Safety Insurance Group news, Director David D. Mckown sold 1,235 shares of the business’s stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $96.53, for a total transaction of $119,214.55. Following the sale, the director now owns 4,500 shares of the company’s stock, valued at approximately $434,385. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP James Berry sold 5,130 shares of the business’s stock in a transaction that occurred on Friday, September 7th. The stock was sold at an average price of $98.02, for a total transaction of $502,842.60. Following the sale, the vice president now directly owns 30,514 shares in the company, valued at approximately $2,990,982.28. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,130 shares of company stock worth $993,550. 4.90% of the stock is owned by insiders.

Hedge funds have recently added to or reduced their stakes in the company. grace capital purchased a new stake in shares of Safety Insurance Group in the 2nd quarter valued at $427,000. Martingale Asset Management L P boosted its holdings in shares of Safety Insurance Group by 4.9% in the 2nd quarter. Martingale Asset Management L P now owns 45,211 shares of the insurance provider’s stock valued at $3,862,000 after acquiring an additional 2,100 shares during the last quarter. Guggenheim Capital LLC boosted its holdings in shares of Safety Insurance Group by 9.8% in the 1st quarter. Guggenheim Capital LLC now owns 29,169 shares of the insurance provider’s stock valued at $2,242,000 after acquiring an additional 2,613 shares during the last quarter. Legal & General Group Plc boosted its holdings in shares of Safety Insurance Group by 6.2% in the 2nd quarter. Legal & General Group Plc now owns 32,857 shares of the insurance provider’s stock valued at $2,805,000 after acquiring an additional 1,931 shares during the last quarter. Finally, Rhumbline Advisers boosted its holdings in shares of Safety Insurance Group by 2.4% in the 2nd quarter. Rhumbline Advisers now owns 36,850 shares of the insurance provider’s stock valued at $3,147,000 after acquiring an additional 881 shares during the last quarter. 80.25% of the stock is currently owned by institutional investors and hedge funds.

About Safety Insurance Group

Safety Insurance Group, Inc provides private passenger and commercial automobile insurance in Massachusetts, New Hampshire, and Maine, 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.

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