Shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) have received an average broker rating score of 5.00 (Strong Sell) from the one brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong sell recommendation.

Zacks has also given Safety Insurance Group an industry rank of 223 out of 265 based on the ratings given to related companies.

Separately, Compass Point downgraded shares of Safety Insurance Group from a “neutral” rating to a “sell” rating in a research note on Monday, October 16th.

Shares of Safety Insurance Group (NASDAQ SAFT) traded up $0.20 during mid-day trading on Friday, hitting $82.05. 27,201 shares of the company were exchanged, compared to its average volume of 49,143. The firm has a market capitalization of $1,240.11, a P/E ratio of 19.72 and a beta of 0.80. Safety Insurance Group has a 12-month low of $65.75 and a 12-month high of $83.30.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a $0.80 dividend. The ex-dividend date is Thursday, November 30th. This represents a $3.20 dividend on an annualized basis and a yield of 3.90%. Safety Insurance Group’s dividend payout ratio (DPR) is presently 77.11%.

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In related news, Director Frederic H. Lindeberg sold 2,000 shares of the business’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $82.35, for a total value of $164,700.00. Following the completion of the sale, the director now directly owns 20,000 shares of the company’s stock, valued at $1,647,000. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 4.90% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in SAFT. BlackRock Inc. lifted its position in Safety Insurance Group by 35,898.7% in the first quarter. BlackRock Inc. now owns 1,465,146 shares of the insurance provider’s stock valued at $102,706,000 after acquiring an additional 1,461,076 shares during the last quarter. State Street Corp lifted its position in Safety Insurance Group by 23.1% in the first quarter. State Street Corp now owns 429,859 shares of the insurance provider’s stock valued at $30,126,000 after acquiring an additional 80,753 shares during the last quarter. Vanguard Group Inc. lifted its position in Safety Insurance Group by 6.0% in the first quarter. Vanguard Group Inc. now owns 1,338,378 shares of the insurance provider’s stock valued at $93,821,000 after acquiring an additional 75,812 shares during the last quarter. Renaissance Technologies LLC lifted its position in Safety Insurance Group by 10.5% in the second quarter. Renaissance Technologies LLC now owns 343,686 shares of the insurance provider’s stock valued at $23,474,000 after acquiring an additional 32,700 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its position in Safety Insurance Group by 54.2% in the third quarter. Wells Fargo & Company MN now owns 79,308 shares of the insurance provider’s stock valued at $6,052,000 after acquiring an additional 27,860 shares during the last quarter. 78.01% of the stock is owned by hedge funds and other institutional investors.

About Safety Insurance Group

Safety Insurance Group, Inc is a provider of private passenger automobile insurance. The Company offers a portfolio of property and casualty insurance products. The Company is engaged in property and casualty insurance operations. The Company’s product line includes private passenger automobile, commercial automobile, homeowners, business owners’ policies, personal umbrella, dwelling fire, commercial umbrella, inland marine and watercraft.

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