Safety Insurance Group (NASDAQ:SAFT) Major Shareholder Corp Srb Sells 14,151 Shares of Stock

Safety Insurance Group, Inc. (NASDAQ:SAFT) major shareholder Corp Srb sold 14,151 shares of the firm’s stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of $71.12, for a total value of $1,006,419.12. Following the completion of the transaction, the insider owned 1,794,655 shares in the company, valued at $127,635,863.60. This represents a 0.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Tuesday, March 17th, Corp Srb sold 1,199 shares of Safety Insurance Group stock. The shares were sold at an average price of $73.06, for a total value of $87,598.94.
• On Thursday, February 26th, Corp Srb sold 11,487 shares of Safety Insurance Group stock. The stock was sold at an average price of $78.36, for a total value of $900,121.32.
• On Wednesday, February 25th, Corp Srb sold 2,147 shares of Safety Insurance Group stock. The shares were sold at an average price of $78.29, for a total value of $168,088.63.
• On Tuesday, February 24th, Corp Srb sold 3,231 shares of Safety Insurance Group stock. The shares were sold at an average price of $77.14, for a total value of $249,239.34.
• On Monday, February 23rd, Corp Srb sold 4,089 shares of Safety Insurance Group stock. The stock was sold at an average price of $77.48, for a total transaction of $316,815.72.

Safety Insurance Group Price Performance

SAFT opened at $73.10 on Tuesday. Safety Insurance Group, Inc. has a 1 year low of $67.04 and a 1 year high of $84.20. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.40 and a quick ratio of 0.40. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 10.91 and a beta of 0.21. The firm’s fifty day moving average price is $76.44 and its two-hundred day moving average price is $74.81.

Safety Insurance Group (NASDAQ:SAFT) last announced its earnings results on Wednesday, February 25th. The insurance provider reported $1.51 EPS for the quarter, beating the consensus estimate of $1.28 by $0.23. Safety Insurance Group had a net margin of 7.85% and a return on equity of 9.64%. The company had revenue of $319.34 million during the quarter.

Safety Insurance Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Monday, March 2nd were paid a $0.92 dividend. The ex-dividend date was Monday, March 2nd. This represents a $3.68 annualized dividend and a yield of 5.0%. Safety Insurance Group’s dividend payout ratio (DPR) is 54.93%.

Institutional Trading of Safety Insurance Group

A number of large investors have recently added to or reduced their stakes in the stock. Allworth Financial LP boosted its stake in Safety Insurance Group by 74.8% in the fourth quarter. Allworth Financial LP now owns 388 shares of the insurance provider’s stock valued at $30,000 after acquiring an additional 166 shares during the last quarter. Bayban purchased a new stake in shares of Safety Insurance Group during the 4th quarter worth approximately $31,000. PNC Financial Services Group Inc. increased its stake in shares of Safety Insurance Group by 62.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 416 shares of the insurance provider’s stock worth $32,000 after purchasing an additional 160 shares during the last quarter. Blue Trust Inc. bought a new stake in shares of Safety Insurance Group in the 3rd quarter worth approximately $35,000. Finally, Capital Advisors Ltd. LLC raised its holdings in shares of Safety Insurance Group by 419.1% in the 4th quarter. Capital Advisors Ltd. LLC now owns 488 shares of the insurance provider’s stock worth $38,000 after purchasing an additional 394 shares during the period. Hedge funds and other institutional investors own 81.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on SAFT. Weiss Ratings restated a “hold (c)” rating on shares of Safety Insurance Group in a research note on Thursday, January 22nd. Wall Street Zen raised Safety Insurance Group from a “hold” rating to a “buy” rating in a research report on Saturday, February 28th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Safety Insurance Group Company Profile

Safety Insurance Group, Inc is a publicly traded property and casualty insurance holding company incorporated in Massachusetts in 1994. Its principal subsidiary, Safety Insurance Company, traces its roots back to 1923 and has since evolved into a regional personal lines insurer. The company is headquartered in Boston, Massachusetts, and trades on the Nasdaq under the symbol SAFT.

Safety Insurance Group focuses primarily on private passenger automobile and homeowners insurance products, along with dwelling fire, umbrella liability, and certain commercial auto coverages.