Insider Buying: Safety Insurance Group, Inc. (NASDAQ:SAFT) Major Shareholder Buys 26,651 Shares of Stock

Safety Insurance Group, Inc. (NASDAQ:SAFTGet Rating) major shareholder Corp Srb purchased 26,651 shares of the company’s stock in a transaction on Wednesday, May 24th. The shares were purchased at an average price of $72.33 per share, for a total transaction of $1,927,666.83. Following the purchase, the insider now owns 1,710,322 shares in the company, valued at approximately $123,707,590.26. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

  • On Monday, May 22nd, Corp Srb purchased 8,789 shares of Safety Insurance Group stock. The shares were purchased at an average price of $72.80 per share, for a total transaction of $639,839.20.

Safety Insurance Group Stock Performance

Shares of SAFT stock traded down $0.21 on Friday, hitting $71.92. The company had a trading volume of 11,345 shares, compared to its average volume of 79,820. The firm has a market cap of $1.07 billion, a P/E ratio of 40.52 and a beta of 0.31. The company has a 50-day moving average price of $73.32 and a 200-day moving average price of $80.97. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.06. Safety Insurance Group, Inc. has a twelve month low of $67.71 and a twelve month high of $99.75.

Safety Insurance Group (NASDAQ:SAFTGet Rating) last issued its quarterly earnings data on Wednesday, February 22nd. The insurance provider reported $0.98 earnings per share (EPS) for the quarter. The business had revenue of $226.60 million during the quarter. Safety Insurance Group had a return on equity of 5.81% and a net margin of 3.23%.

Safety Insurance Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Thursday, June 1st will be issued a $0.90 dividend. The ex-dividend date of this dividend is Wednesday, May 31st. This represents a $3.60 dividend on an annualized basis and a yield of 5.01%. Safety Insurance Group’s payout ratio is 202.25%.

Hedge Funds Weigh In On Safety Insurance Group

Large investors have recently bought and sold shares of the business. Legato Capital Management LLC acquired a new position in Safety Insurance Group in the 4th quarter worth about $1,743,000. Dean Investment Associates LLC raised its holdings in Safety Insurance Group by 6.3% in the 3rd quarter. Dean Investment Associates LLC now owns 52,760 shares of the insurance provider’s stock worth $4,303,000 after purchasing an additional 3,108 shares during the period. Bank of Montreal Can raised its holdings in shares of Safety Insurance Group by 18.5% during the fourth quarter. Bank of Montreal Can now owns 3,344 shares of the insurance provider’s stock valued at $294,000 after acquiring an additional 521 shares during the last quarter. Navellier & Associates Inc. raised its holdings in shares of Safety Insurance Group by 11.2% during the fourth quarter. Navellier & Associates Inc. now owns 4,941 shares of the insurance provider’s stock valued at $416,000 after acquiring an additional 497 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund raised its holdings in shares of Safety Insurance Group by 4.2% during the third quarter. Oregon Public Employees Retirement Fund now owns 4,892 shares of the insurance provider’s stock valued at $399,000 after acquiring an additional 199 shares during the last quarter. Institutional investors and hedge funds own 91.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Safety Insurance Group in a report on Thursday, May 18th. They issued a “hold” rating for the company.

About Safety Insurance Group

(Get Rating)

Safety Insurance Group, Inc engages in the management and provision of insurance services. It offers property and casualty insurance products which include commercial vehicles and fleets. The firm provides private passenger automobile, commercial automobile and homeowners insurance. The company was founded in 1979 and is headquartered in Boston, MA.

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

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