Insider trading: The CFO of Safety Insurance Group, Inc. (NASDAQ:SAFT) sold 223 shares

Safety Insurance Group, Inc. (NASDAQ:SAFT – Get Rating ) CFO Christopher Thomas Whitford sold 223 shares of the business’s stock in a transaction dated Friday, September 16th. Shares were sold at an average price of $86.03, for a total value of $19,184.69. Following the completion of the sale, the chief financial officer now directly owns 15,060 shares of the company’s stock, valued at $1,295,611.80. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Safety Insurance Group shares were down 0.7%

Shares of NASDAQ:SAFT opened at $85.67 on Monday. The firm has a fifty day moving average of $90.86 and a 200 day moving average of $90.34. The company has a debt-to-equity ratio of 0.04, a quick earnings ratio of 0.36, and a current ratio of 0.36. Safety Insurance Group, Inc. it has a 52-week low of $76.50 and a 52-week high of $99.75. The firm has a market cap of $1.26 billion, a PE ratio of 17.70 and a beta of 0.20.

Safety Insurance Group announces dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were given a $0.90 dividend. This represents an annualized dividend of $3.60 and a dividend yield of 4.20%. The ex-date of this dividend was Wednesday, August 31st. Safety Insurance Group’s dividend payout ratio (DPR) is currently 74.38%.

Changes in analyst ratings

Separately, TheStreet downgraded Safety Insurance Group from a “b” rating to a “c+” rating in a report on Friday, July 22nd.

Hedge funds weigh Safety Insurance Group

Institutional investors and hedge funds have recently been buying and selling shares of the stock. Maryland Retirement & Retirement System raised its position in Safety Insurance Group by 2.0% during the first quarter. Maryland State Pension and Retirement System now owns 5,757 shares of the insurance provider’s stock valued at $523,000 after buying an additional 112 shares during the last quarter. Navellier & Associates Inc. boosted its holdings in Safety Insurance Group by 2.7% in the second quarter. Navellier & Associates Inc. now owns 4,530 shares of the insurance provider’s stock valued at $440,000 after buying an additional 118 shares during the last quarter. Martingale Asset Management LP lifted its position in Safety Insurance Group by 0.8% during the first quarter. Martingale Asset Management LP now owns 14,695 shares of the insurance provider’s stock valued at $1,336,000 after purchasing an additional 120 shares during the period. WINTON GROUP Ltd boosted its holdings in Safety Insurance Group by 0.6% in the first quarter. WINTON GROUP Ltd now owns 21,382 shares of the insurance provider’s stock valued at $1,943,000 after acquiring an additional 130 shares during the last quarter. Finally, MBM Wealth Consultants LLC boosted its position in shares of Safety Insurance Group by 39.8% in the fourth quarter. MBM Wealth Consultants LLC now owns 520 shares of the insurance provider’s stock valued at $44,000 after acquiring an additional 148 shares during the period. 93.52% of the shares are currently owned by institutional investors.

Safety Insurance Group company profile

(Get Rating)

Safety Insurance Group, Inc provides private passenger and commercial auto and homeowner insurance in the United States. The company’s private passenger auto policies offer coverage for bodily injury and property damage to others, no-fault personal injury coverage for the insured/passengers in the insured’s vehicle, and physical damage coverage for the insured’s own vehicle in a collision or other peril.

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Insider Buy and Sell by Quarter for Safety Insurance Group (NASDAQ:SAFT)

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