Insider Selling: 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 company’s stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $81.46, for a total transaction of $18,409.96. Following the sale, the vice president now owns 3,518 shares of the company’s stock, valued at $286,576.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Safety Insurance Group Trading Down 0.1 %

SAFT opened at $82.05 on Friday. Safety Insurance Group, Inc. has a 1-year low of $66.93 and a 1-year high of $89.46. The business has a 50 day moving average of $83.31 and a 200-day moving average of $80.40. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of 23.65 and a beta of 0.17.

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

Safety Insurance Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Tuesday, September 3rd were given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 4.39%. The ex-dividend date of this dividend was Tuesday, September 3rd. Safety Insurance Group’s dividend payout ratio (DPR) is presently 103.75%.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Safety Insurance Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in SAFT. Bessemer Group Inc. grew its holdings in shares of Safety Insurance Group by 458.9% during the 1st quarter. Bessemer Group Inc. now owns 313 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 257 shares in the last quarter. SG Americas Securities LLC bought a new position in Safety Insurance Group in the first quarter worth $152,000. Mutual of America Capital Management LLC acquired a new stake in Safety Insurance Group during the first quarter worth $210,000. ProShare Advisors LLC increased its holdings in Safety Insurance Group by 7.3% in the 1st quarter. ProShare Advisors LLC now owns 2,905 shares of the insurance provider’s stock valued at $239,000 after buying an additional 198 shares during the period. Finally, UniSuper Management Pty Ltd bought a new position in shares of Safety Insurance Group during the 1st quarter worth about $288,000. 81.04% of the stock is currently owned by institutional investors.

About Safety Insurance Group

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.