Safety Insurance Group, Inc. (NASDAQ:SAFT) VP Sells $18,409.96 in Stock

Safety Insurance Group, Inc. (NASDAQ:SAFT) VP Brian Siu-Gae Lam sold 226 shares of the business’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $81.46, for a total value of $18,409.96. Following the completion of the sale, the vice president now directly owns 3,518 shares in the company, valued at approximately $286,576.28. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Safety Insurance Group Stock Down 0.1 %

NASDAQ:SAFT opened at $82.05 on Friday. The firm has a market cap of $1.22 billion, a PE ratio of 23.65 and a beta of 0.17. Safety Insurance Group, Inc. has a 12 month low of $66.93 and a 12 month high of $89.46. The company’s 50-day moving average price is $83.31 and its two-hundred day moving average price is $80.40.

Safety Insurance Group (NASDAQ:SAFT) last announced its earnings results on Wednesday, August 7th. The insurance provider reported $1.18 EPS for the quarter, missing the consensus estimate of $1.30 by ($0.12). The business had revenue of $269.78 million during the quarter. Safety Insurance Group had a return on equity of 5.53% and a net margin of 4.96%.

Safety Insurance Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Tuesday, September 3rd were paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 4.39%. The ex-dividend date was Tuesday, September 3rd. Safety Insurance Group’s dividend payout ratio is currently 103.75%.

Institutional Trading of Safety Insurance Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. TimesSquare Capital Management LLC lifted its position in Safety Insurance Group by 101.7% during the 1st quarter. TimesSquare Capital Management LLC now owns 405,118 shares of the insurance provider’s stock worth $33,297,000 after buying an additional 204,218 shares in the last quarter. Hsbc Holdings PLC lifted its position in shares of Safety Insurance Group by 1,429.7% during the fourth quarter. Hsbc Holdings PLC now owns 71,361 shares of the insurance provider’s stock worth $5,402,000 after purchasing an additional 66,696 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Safety Insurance Group by 3.3% during the first quarter. Vanguard Group Inc. now owns 1,695,813 shares of the insurance provider’s stock valued at $139,379,000 after purchasing an additional 54,441 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its stake in shares of Safety Insurance Group by 113.2% during the first quarter. Jacobs Levy Equity Management Inc. now owns 54,929 shares of the insurance provider’s stock valued at $4,515,000 after purchasing an additional 29,167 shares during the last quarter. Finally, Catalytic Wealth RIA LLC acquired a new stake in shares of Safety Insurance Group in the fourth quarter valued at approximately $1,133,000. 81.04% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com raised Safety Insurance Group from a “hold” rating to a “buy” rating in a report on Thursday, September 5th.

Safety Insurance Group Company Profile

Safety Insurance Group, Inc provides private passenger and commercial automobile, and homeowner insurance in the United States. The company’s private passenger automobile policies offer coverage for bodily injury and property damage to others, no-fault personal injury coverage for the insured/insured’s car occupants, and physical damage coverage for an insured’s own vehicle for collision or other perils.