Safety Insurance Group, Inc. (NASDAQ:SAFT) Director Sells $120,415.05 in Stock

Safety Insurance Group, Inc. (NASDAQ:SAFT) Director David F. Brussard sold 1,505 shares of the company’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $80.01, for a total transaction of $120,415.05. Following the completion of the sale, the director now directly owns 12,077 shares of the company’s stock, valued at $966,280.77. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) traded down $0.15 on Friday, hitting $79.50. The stock had a trading volume of 26,085 shares, compared to its average volume of 47,210. The firm has a market cap of $1,206.78, a P/E ratio of 19.16 and a beta of 0.79. Safety Insurance Group, Inc. has a one year low of $65.75 and a one year high of $84.00.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were issued a $0.80 dividend. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.03%. Safety Insurance Group’s dividend payout ratio is 77.11%.

Institutional investors and hedge funds have recently modified their holdings of the company. Teachers Advisors LLC increased its holdings in Safety Insurance Group by 4.3% in the first quarter. Teachers Advisors LLC now owns 24,527 shares of the insurance provider’s stock worth $1,719,000 after buying an additional 1,022 shares during the last quarter. Aperio Group LLC increased its holdings in Safety Insurance Group by 5.3% in the second quarter. Aperio Group LLC now owns 8,315 shares of the insurance provider’s stock worth $568,000 after buying an additional 415 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in Safety Insurance Group by 17.1% in the second quarter. Russell Investments Group Ltd. now owns 22,692 shares of the insurance provider’s stock worth $1,550,000 after buying an additional 3,315 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its holdings in Safety Insurance Group by 112.9% in the second quarter. Municipal Employees Retirement System of Michigan now owns 6,940 shares of the insurance provider’s stock worth $474,000 after buying an additional 3,680 shares during the last quarter. Finally, Great West Life Assurance Co. Can increased its holdings in Safety Insurance Group by 4.0% in the second quarter. Great West Life Assurance Co. Can now owns 19,708 shares of the insurance provider’s stock worth $1,344,000 after buying an additional 750 shares during the last quarter. Institutional investors own 78.59% of the company’s stock.

A number of equities research analysts have weighed in on SAFT shares. Compass Point downgraded shares of Safety Insurance Group from a “neutral” rating to a “sell” rating in a report on Monday, October 16th. BidaskClub downgraded Safety Insurance Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 7th.

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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.

Insider Buying and Selling by Quarter for Safety Insurance Group (NASDAQ:SAFT)

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