BidaskClub lowered shares of Safety Insurance Group (NASDAQ:SAFT) from a strong-buy rating to a buy rating in a research note issued to investors on Thursday.

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

Safety Insurance Group (NASDAQ:SAFT) traded down $0.80 during mid-day trading on Thursday, reaching $80.05. 25,328 shares of the company were exchanged, compared to its average volume of 57,919. The firm has a market cap of $1,212.84, a PE ratio of 19.29 and a beta of 0.78. Safety Insurance Group has a one year low of $65.75 and a one year high of $84.00.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 4.00%. The ex-dividend date of this dividend is Thursday, November 30th. Safety Insurance Group’s payout ratio is 77.11%.

In other Safety Insurance Group news, Director Frederic H. Lindeberg sold 2,000 shares of Safety Insurance Group stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $82.35, for a total transaction of $164,700.00. Following the completion of the sale, the director now directly owns 20,000 shares in the company, valued at approximately $1,647,000. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Frederic H. Lindeberg sold 1,000 shares of Safety Insurance Group stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $83.16, for a total transaction of $83,160.00. Following the sale, the director now owns 19,000 shares of the company’s stock, valued at $1,580,040. The disclosure for this sale can be found here. Insiders own 4.90% of the company’s stock.

Large investors have recently bought and sold shares of the company. SG Americas Securities LLC increased its holdings in shares of 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 in the last quarter. Grimes & Company Inc. purchased a new position in shares of Safety Insurance Group during the 3rd quarter valued at approximately $217,000. Neuberger Berman Group LLC purchased a new position in shares of Safety Insurance Group during the 3rd quarter valued at approximately $220,000. Piedmont Investment Advisors LLC purchased a new position in shares of Safety Insurance Group during the 2nd quarter valued at approximately $211,000. Finally, Crossmark Global Holdings Inc. purchased a new position in shares of Safety Insurance Group during the 3rd quarter valued at approximately $329,000. 78.61% of the stock is owned by hedge funds and other institutional investors.

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Safety Insurance Group Company Profile

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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