Safety Insurance Group, Inc. (NASDAQ:SAFT) announced a quarterly dividend on Thursday, February 15th, RTT News reports. Shareholders of record on Thursday, March 1st will be given a dividend of 0.80 per share by the insurance provider on Thursday, March 15th. This represents a $3.20 annualized dividend and a yield of 4.34%. The ex-dividend date is Wednesday, February 28th.
Safety Insurance Group (NASDAQ SAFT) opened at $73.65 on Friday. The firm has a market cap of $1,128.49, a price-to-earnings ratio of 17.87 and a beta of 0.71. Safety Insurance Group has a 1-year low of $65.75 and a 1-year high of $84.00.
Separately, BidaskClub lowered shares of Safety Insurance Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 7th.
In related news, Director Frederic H. Lindeberg sold 1,000 shares of Safety Insurance Group stock in a transaction 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 transaction, the director now owns 19,000 shares in the company, valued at approximately $1,580,040. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David F. Brussard sold 14,549 shares of Safety Insurance Group stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $81.36, for a total transaction of $1,183,706.64. Following the transaction, the director now owns 12,077 shares in the company, valued at approximately $982,584.72. The disclosure for this sale can be found here. In the last quarter, insiders sold 31,505 shares of company stock worth $2,547,566. 4.90% of the stock is owned by company insiders.
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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.
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