Safety Insurance Group, Inc. (NASDAQ:SAFT) Director Frederic H. Lindeberg sold 1,000 shares of the stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $83.16, for a total transaction of $83,160.00. Following the sale, the director now directly owns 19,000 shares in the company, valued at approximately $1,580,040. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Safety Insurance Group, Inc. (SAFT) traded up $0.20 during trading on Friday, reaching $82.55. 61,947 shares of the company’s stock were exchanged, compared to its average volume of 51,835. Safety Insurance Group, Inc. has a 52 week low of $65.75 and a 52 week high of $84.00. The firm has a market cap of $1,247.69, a P/E ratio of 19.84 and a beta of 0.79.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $0.80 per share. The ex-dividend date is Thursday, November 30th. This represents a $3.20 dividend on an annualized basis and a yield of 3.88%. Safety Insurance Group’s payout ratio is presently 77.11%.

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

Institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC lifted its position in Safety Insurance Group by 67.2% during the 3rd quarter. SG Americas Securities LLC now owns 2,450 shares of the insurance provider’s stock valued at $187,000 after purchasing an additional 985 shares during the period. Grimes & Company Inc. acquired a new stake in shares of Safety Insurance Group in the 3rd quarter valued at approximately $217,000. Neuberger Berman Group LLC acquired a new stake in shares of Safety Insurance Group in the 3rd quarter valued at approximately $220,000. Piedmont Investment Advisors LLC acquired a new stake in shares of Safety Insurance Group in the 2nd quarter valued at approximately $211,000. Finally, State of Alaska Department of Revenue raised its position in shares of Safety Insurance Group by 46.3% in the 2nd quarter. State of Alaska Department of Revenue now owns 3,979 shares of the insurance provider’s stock valued at $271,000 after acquiring an additional 1,259 shares during the period. Institutional investors own 78.61% of the company’s stock.

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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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