Corp Srb Sells 1,199 Shares of Safety Insurance Group (NASDAQ:SAFT) Stock

Safety Insurance Group, Inc. (NASDAQ:SAFT) major shareholder Corp Srb sold 1,199 shares of the stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $73.06, for a total transaction of $87,598.94. Following the sale, the insider directly owned 1,808,806 shares of the company’s stock, valued at approximately $132,151,366.36. This trade represents a 0.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

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

• On Thursday, February 26th, Corp Srb sold 11,487 shares of Safety Insurance Group stock. The shares were sold at an average price of $78.36, for a total transaction of $900,121.32.
• On Wednesday, February 25th, Corp Srb sold 2,147 shares of Safety Insurance Group stock. The shares were sold at an average price of $78.29, for a total transaction of $168,088.63.
• 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.
• On Monday, February 23rd, Corp Srb sold 4,089 shares of Safety Insurance Group stock. The stock was sold at an average price of $77.48, for a total transaction of $316,815.72.

Safety Insurance Group Stock Performance

Shares of SAFT stock opened at $71.46 on Friday. The company’s fifty day simple moving average is $76.50 and its 200-day simple moving average is $74.77. Safety Insurance Group, Inc. has a 52 week low of $67.04 and a 52 week high of $84.20. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.06. The company has a market cap of $1.05 billion, a PE ratio of 10.67 and a beta of 0.21.

Safety Insurance Group (NASDAQ:SAFT) last announced its quarterly earnings results on Wednesday, February 25th. The insurance provider reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.23. Safety Insurance Group had a net margin of 7.85% and a return on equity of 9.64%. The firm had revenue of $319.34 million during the quarter.

Safety Insurance Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Monday, March 2nd were paid a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date was Monday, March 2nd. Safety Insurance Group’s payout ratio is currently 54.93%.

Institutional Trading of Safety Insurance Group

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Allworth Financial LP grew its stake in Safety Insurance Group by 74.8% during the 4th quarter. Allworth Financial LP now owns 388 shares of the insurance provider’s stock worth $30,000 after buying an additional 166 shares during the last quarter. Bayban bought a new stake in Safety Insurance Group in the fourth quarter valued at $31,000. PNC Financial Services Group Inc. boosted its holdings in shares of Safety Insurance Group by 62.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 416 shares of the insurance provider’s stock valued at $32,000 after acquiring an additional 160 shares during the period. Blue Trust Inc. bought a new position in shares of Safety Insurance Group during the third quarter worth about $35,000. Finally, Capital Advisors Ltd. LLC grew its position in shares of Safety Insurance Group by 419.1% during the fourth quarter. Capital Advisors Ltd. LLC now owns 488 shares of the insurance provider’s stock worth $38,000 after acquiring an additional 394 shares during the last quarter. 81.04% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on SAFT. Weiss Ratings reiterated a “hold (c)” rating on shares of Safety Insurance Group in a research note on Thursday, January 22nd. Wall Street Zen raised Safety Insurance Group from a “hold” rating to a “buy” rating in a research report on Saturday, February 28th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

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.