Key Points
- Corp Srb sold 1,199 shares of Safety Insurance Group on March 17 at an average price of $73.06 (total $87,598.94), part of a series of late‑February/early‑March sales that included about 20,954 shares sold across Feb. 23–26.
- After the March 17 trade the insider still directly owns 1,808,806 shares, valued at approximately $132.15 million, so the recent transactions represent only a modest reduction in their stake.
- Safety Insurance Group recently beat quarterly EPS estimates (reported $1.51 vs $1.28 expected) and pays a quarterly dividend of $0.92 (about a 5.1% yield
Safety Insurance Group, Inc. (NASDAQ:SAFT - Get Free Report) major shareholder Corp Srb sold 1,199 shares of the firm's stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $73.06, for a total value of $87,598.94. Following the sale, the insider directly owned 1,808,806 shares in the company, valued at approximately $132,151,366.36. This trade represents a 0.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own more than 10% 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 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 shares were sold at an average price of $77.48, for a total value of $316,815.72.
Safety Insurance Group Stock Performance
NASDAQ:SAFT opened at $71.92 on Friday. The stock's 50-day moving average is $76.59 and its 200-day moving average is $74.79. Safety Insurance Group, Inc. has a 1-year low of $67.04 and a 1-year high of $84.20. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.06. The stock has a market cap of $1.05 billion, a P/E ratio of 10.73 and a beta of 0.21.
Safety Insurance Group (NASDAQ:SAFT - Get Free Report) last issued its quarterly earnings data on Wednesday, February 25th. The insurance provider reported $1.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 business had revenue of $319.34 million during the quarter.
Safety Insurance Group Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Monday, March 2nd were paid a dividend of $0.92 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $3.68 annualized dividend and a dividend yield of 5.1%. Safety Insurance Group's dividend payout ratio (DPR) is presently 54.93%.
Analyst Ratings Changes
Several analysts recently weighed in on SAFT shares. Weiss Ratings reissued 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 report on Saturday, February 28th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Safety Insurance Group currently has an average rating of "Hold".
Get Our Latest Research Report on SAFT
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Allworth Financial LP boosted its position in shares of Safety Insurance Group by 74.8% during the 4th quarter. Allworth Financial LP now owns 388 shares of the insurance provider's stock worth $30,000 after purchasing an additional 166 shares in the last quarter. Bayban acquired a new position in Safety Insurance Group during the 4th quarter worth approximately $31,000. PNC Financial Services Group Inc. boosted its holdings in Safety Insurance Group by 62.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 416 shares of the insurance provider's stock worth $32,000 after acquiring an additional 160 shares in the last quarter. Blue Trust Inc. acquired a new stake in Safety Insurance Group in the third quarter valued at approximately $35,000. Finally, Capital Advisors Ltd. LLC grew its stake in Safety Insurance Group by 419.1% in the fourth quarter. Capital Advisors Ltd. LLC now owns 488 shares of the insurance provider's stock valued at $38,000 after acquiring an additional 394 shares during the period. Institutional investors and hedge funds own 81.04% of the company's stock.
Safety Insurance Group Company Profile
(
Get Free Report)
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.
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