Corp Srb Sells 4,089 Shares of Safety Insurance Group (NASDAQ:SAFT) Stock

Safety Insurance Group, Inc. (NASDAQ:SAFT) major shareholder Corp Srb sold 4,089 shares of Safety Insurance Group stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $77.48, for a total value of $316,815.72. Following the transaction, the insider directly owned 1,838,195 shares in the company, valued at approximately $142,423,348.60. This trade represents a 0.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Corp Srb also recently made the following trade(s):

• On Tuesday, February 24th, Corp Srb sold 3,231 shares of Safety Insurance Group stock. The stock was sold at an average price of $77.14, for a total transaction of $249,239.34.

Safety Insurance Group Stock Performance

SAFT stock opened at $77.75 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.41 and a current ratio of 0.41. The stock has a market cap of $1.16 billion, a P/E ratio of 11.60 and a beta of 0.22. The firm has a 50 day simple moving average of $77.73 and a 200 day simple moving average of $74.76. Safety Insurance Group, Inc. has a 52 week low of $67.04 and a 52 week high of $84.20.

Safety Insurance Group (NASDAQ:SAFT) last released its quarterly earnings data on Wednesday, February 25th. The insurance provider reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.23. The firm had revenue of $319.34 million for the quarter. Safety Insurance Group had a net margin of 7.85% and a return on equity of 9.69%.

Safety Insurance Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Monday, March 2nd will be issued a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a dividend yield of 4.7%. The ex-dividend date is Monday, March 2nd. Safety Insurance Group’s dividend payout ratio (DPR) is currently 54.93%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Safety Insurance Group in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold”.

Hedge Funds Weigh In On Safety Insurance Group

Several hedge funds have recently bought and sold shares of SAFT. Dean Capital Management lifted its position in shares of Safety Insurance Group by 420.1% in the fourth quarter. Dean Capital Management now owns 33,261 shares of the insurance provider’s stock worth $2,591,000 after buying an additional 26,866 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in shares of Safety Insurance Group by 36.3% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 9,559 shares of the insurance provider’s stock valued at $745,000 after acquiring an additional 2,546 shares during the last quarter. XTX Topco Ltd raised its stake in shares of Safety Insurance Group by 2.8% in the 4th quarter. XTX Topco Ltd now owns 4,745 shares of the insurance provider’s stock valued at $370,000 after acquiring an additional 127 shares in the last quarter. Engineers Gate Manager LP lifted its holdings in Safety Insurance Group by 3.3% in the 4th quarter. Engineers Gate Manager LP now owns 9,004 shares of the insurance provider’s stock worth $702,000 after purchasing an additional 287 shares during the last quarter. Finally, AQR Capital Management LLC lifted its holdings in Safety Insurance Group by 62.6% in the 4th quarter. AQR Capital Management LLC now owns 304,724 shares of the insurance provider’s stock worth $23,741,000 after purchasing an additional 117,261 shares during the last quarter. 81.04% of the stock is owned by institutional investors and hedge funds.

Safety Insurance Group Company Profile

Safety Insurance Group, Inc is a publicly traded property and casualty insurance holding company incorporated in Massachusetts in 1994. Its principal subsidiary, Safety Insurance Company, traces its roots back to 1923 and has since evolved into a regional personal lines insurer. The company is headquartered in Boston, Massachusetts, and trades on the Nasdaq under the symbol SAFT.

Safety Insurance Group focuses primarily on private passenger automobile and homeowners insurance products, along with dwelling fire, umbrella liability, and certain commercial auto coverages.