Safety Insurance Group Inc. (SAFT) To Go Ex-Dividend on November 29th
Safety Insurance Group Inc. (NASDAQ:SAFT) declared a quarterly dividend on Wednesday, November 2nd. Shareholders of record on Thursday, December 1st will be given a dividend of 0.70 per share on Thursday, December 15th. This represents a $2.80 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date of this dividend is Tuesday, November 29th.
Safety Insurance Group (NASDAQ:SAFT) opened at 70.95 on Thursday. Safety Insurance Group has a 1-year low of $50.88 and a 1-year high of $71.95. The firm’s 50-day moving average is $68.11 and its 200-day moving average is $64.63. The stock has a market cap of $1.07 billion, a P/E ratio of 17.01 and a beta of 0.68.
Separately, Compass Point lifted their price objective on shares of Safety Insurance Group from $58.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday, August 5th.
In other news, Director David F. Brussard sold 20,000 shares of Safety Insurance Group stock in a transaction that occurred on Friday, September 9th. The shares were sold at an average price of $66.66, for a total value of $1,333,200.00. Following the transaction, the director now owns 52,069 shares of the company’s stock, valued at approximately $3,470,919.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 6.20% of the stock is currently owned by insiders.
Institutional investors have recently made changes to their positions in the company. KCG Holdings Inc. acquired a new position in shares of Safety Insurance Group during the second quarter valued at about $643,000. Massachusetts Financial Services Co. MA increased its position in Safety Insurance Group by 6.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 110,508 shares of the company’s stock valued at $6,805,000 after buying an additional 6,761 shares during the period. Thrivent Financial for Lutherans increased its position in Safety Insurance Group by 2.1% in the second quarter. Thrivent Financial for Lutherans now owns 18,497 shares of the company’s stock valued at $1,139,000 after buying an additional 380 shares during the period. Citigroup Inc. increased its position in Safety Insurance Group by 2.4% in the second quarter. Citigroup Inc. now owns 36,126 shares of the company’s stock valued at $2,225,000 after buying an additional 846 shares during the period. Finally, Profund Advisors LLC increased its position in Safety Insurance Group by 5.9% in the second quarter. Profund Advisors LLC now owns 4,334 shares of the company’s stock valued at $267,000 after buying an additional 242 shares during the period. 78.55% of the stock is currently owned by institutional investors.
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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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