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.

Dividend History for Safety Insurance Group (NASDAQ:SAFT)

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.

TRADEMARK VIOLATION WARNING: “Safety Insurance Group Inc. (SAFT) To Go Ex-Dividend on November 29th” was first posted by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are accessing this story on another website, it was copied illegally and republished in violation of U.S. & international copyright & trademark law. The legal version of this story can be accessed at https://www.thecerbatgem.com/2016/11/24/safety-insurance-group-inc-saft-to-go-ex-dividend-on-november-29th.html.

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.

5 Day Chart for NASDAQ:SAFT

Receive News & Stock Ratings for Safety Insurance Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Safety Insurance Group Inc. and related stocks with our FREE daily email newsletter.