Safety Insurance Group Inc. (SAFT) VP Paul J. Narciso Sells 250 Shares
Safety Insurance Group Inc. (NASDAQ:SAFT) VP Paul J. Narciso sold 250 shares of the business’s stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $70.70, for a total value of $17,675.00. Following the completion of the transaction, the vice president now owns 16,459 shares in the company, valued at approximately $1,163,651.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Shares of Safety Insurance Group Inc. (NASDAQ:SAFT) traded up 0.92% on Tuesday, reaching $71.10. The company’s stock had a trading volume of 7,700 shares. The company has a 50 day moving average price of $67.88 and a 200 day moving average price of $64.51. Safety Insurance Group Inc. has a 52-week low of $50.88 and a 52-week high of $71.95. The company has a market cap of $1.08 billion, a P/E ratio of 17.04 and a beta of 0.68.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.97%. The ex-dividend date of this dividend is Tuesday, November 29th. Safety Insurance Group’s dividend payout ratio (DPR) is currently 67.15%.
Separately, Compass Point boosted their target price on Safety Insurance Group from $58.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, August 5th.
Several hedge funds and other institutional investors have recently bought and sold shares of SAFT. Boston Partners increased its position in Safety Insurance Group by 1.5% in the second quarter. Boston Partners now owns 127,414 shares of the company’s stock worth $7,846,000 after buying an additional 1,850 shares during the period. New Vernon Investment Management LLC increased its position in Safety Insurance Group by 9.2% in the second quarter. New Vernon Investment Management LLC now owns 21,126 shares of the company’s stock worth $1,301,000 after buying an additional 1,776 shares during the period. Princeton Alpha Management LP bought a new position in Safety Insurance Group during the second quarter worth $209,000. Fernwood Investment Management LLC increased its position in Safety Insurance Group by 13.3% in the second quarter. Fernwood Investment Management LLC now owns 8,500 shares of the company’s stock worth $523,000 after buying an additional 1,000 shares during the period. Finally, Stanley Laman Group Ltd. bought a new position in Safety Insurance Group during the second quarter worth $836,000. 78.55% of the stock is currently owned by institutional investors.
Safety Insurance Group Company Profile
Safety Insurance Group, Inc is a provider of personal lines property and casualty insurance focuses primarily on the Massachusetts market. The Company provides private passenger automobile insurance. In addition to private passenger automobile insurance, it offers a portfolio of property and casualty insurance products, including commercial automobile, homeowners, dwelling fire, umbrella and business owner policies.
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