Safety Insurance Group (NASDAQ:SAFT) Major Shareholder Corp Srb Sells 2,650 Shares

Safety Insurance Group, Inc. (NASDAQ:SAFT) major shareholder Corp Srb sold 2,650 shares of Safety Insurance Group stock in a transaction that occurred on Thursday, July 9th. The stock was sold at an average price of $76.51, for a total transaction of $202,751.50. Following the transaction, the insider directly owned 1,792,005 shares in the company, valued at $137,106,302.55. This trade represents a 0.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Safety Insurance Group Trading Down 0.5%

Shares of SAFT traded down $0.38 during mid-day trading on Friday, reaching $75.55. The company’s stock had a trading volume of 60,598 shares, compared to its average volume of 131,479. Safety Insurance Group, Inc. has a 52 week low of $67.04 and a 52 week high of $81.49. The stock has a market cap of $1.11 billion, a PE ratio of 17.86 and a beta of 0.21. The company’s fifty day moving average price is $72.55 and its two-hundred day moving average price is $74.86. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.06.

Safety Insurance Group (NASDAQ:SAFT) last released its earnings results on Wednesday, May 6th. The insurance provider reported ($0.72) EPS for the quarter, missing the consensus estimate of $1.45 by ($2.17). The business had revenue of $314.67 million for the quarter, compared to the consensus estimate of $315.01 million. Safety Insurance Group had a net margin of 4.94% and a return on equity of 6.31%. On average, analysts predict that Safety Insurance Group, Inc. will post 4.75 earnings per share for the current fiscal year.

Safety Insurance Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Monday, June 1st were paid a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend was Monday, June 1st. Safety Insurance Group’s dividend payout ratio (DPR) is 87.00%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Safety Insurance Group in a research note on Friday, May 29th. Zacks Research raised Safety Insurance Group to a “hold” rating in a research note on Wednesday, May 27th. Finally, Wall Street Zen upgraded Safety Insurance Group from a “sell” rating to a “hold” rating in a research report on Saturday, June 6th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Safety Insurance Group presently has an average rating of “Hold”.

Hedge Funds Weigh In On Safety Insurance Group

Hedge funds have recently modified their holdings of the company. Tudor Investment Corp ET AL grew its stake in shares of Safety Insurance Group by 285.7% in the third quarter. Tudor Investment Corp ET AL now owns 28,204 shares of the insurance provider’s stock worth $1,994,000 after purchasing an additional 20,892 shares during the last quarter. TABR Capital Management LLC bought a new position in Safety Insurance Group during the 4th quarter valued at approximately $2,935,000. Teacher Retirement System of Texas raised its position in Safety Insurance Group by 18.5% during the 4th quarter. Teacher Retirement System of Texas now owns 83,787 shares of the insurance provider’s stock valued at $6,528,000 after purchasing an additional 13,082 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Safety Insurance Group by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 1,661,343 shares of the insurance provider’s stock worth $129,435,000 after buying an additional 29,511 shares during the period. Finally, UBS Group AG lifted its holdings in Safety Insurance Group by 118.3% in the 4th quarter. UBS Group AG now owns 29,255 shares of the insurance provider’s stock worth $2,279,000 after buying an additional 15,855 shares during the period. Hedge funds and other institutional investors own 81.04% of the company’s stock.

Safety Insurance Group Company Profile

Safety Insurance Group, Inc is a publicly traded property and casualty insurance holding company incorporated in Massachusetts in 1994. Its principal subsidiary, Safety Insurance Company, traces its roots back to 1923 and has since evolved into a regional personal lines insurer. The company is headquartered in Boston, Massachusetts, and trades on the Nasdaq under the symbol SAFT.

Safety Insurance Group focuses primarily on private passenger automobile and homeowners insurance products, along with dwelling fire, umbrella liability, and certain commercial auto coverages.