Brian Siu-Gae Lam Sells 226 Shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) Stock

Safety Insurance Group, Inc. (NASDAQ:SAFT) VP Brian Siu-Gae Lam sold 226 shares of the firm’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $81.46, for a total value of $18,409.96. Following the transaction, the vice president now owns 3,518 shares in the company, valued at approximately $286,576.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Safety Insurance Group Price Performance

SAFT stock opened at $82.05 on Friday. The company’s 50 day simple moving average is $83.33 and its 200-day simple moving average is $80.37. Safety Insurance Group, Inc. has a 12 month low of $66.93 and a 12 month high of $89.46. The firm has a market capitalization of $1.22 billion, a PE ratio of 23.65 and a beta of 0.17.

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 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 for the quarter.

Safety Insurance Group Dividend Announcement

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

Institutional Investors Weigh In On Safety Insurance Group

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

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Safety Insurance Group from a “hold” rating to a “buy” rating in a research note on Thursday, September 5th.

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.