Safety Insurance Group, Inc. (NASDAQ:SAFT - Get Free Report) VP Glenn Hiltpold sold 338 shares of the company's stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $76.75, for a total transaction of $25,941.50. Following the completion of the transaction, the vice president now owns 11,593 shares in the company, valued at $889,762.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Safety Insurance Group Price Performance
SAFT traded down $1.07 on Friday, hitting $74.70. 4,511 shares of the stock were exchanged, compared to its average volume of 51,464. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 21.84 and a beta of 0.18. Safety Insurance Group, Inc. has a 12 month low of $65.78 and a 12 month high of $88.72. The business has a 50-day moving average of $78.87 and a two-hundred day moving average of $79.66.
Safety Insurance Group (NASDAQ:SAFT - Get Free Report) last posted its earnings results on Wednesday, May 8th. The insurance provider reported $0.93 EPS for the quarter. The firm had revenue of $268.23 million during the quarter. Safety Insurance Group had a net margin of 5.20% and a return on equity of 4.90%.
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The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Monday, June 3rd will be issued a $0.90 dividend. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.82%. Safety Insurance Group's dividend payout ratio (DPR) is currently 103.75%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of Safety Insurance Group by 3.3% in the first quarter. Vanguard Group Inc. now owns 1,695,813 shares of the insurance provider's stock worth $139,379,000 after acquiring an additional 54,441 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Safety Insurance Group by 1.6% in the fourth quarter. Victory Capital Management Inc. now owns 1,174,371 shares of the insurance provider's stock valued at $89,240,000 after buying an additional 19,004 shares during the period. TimesSquare Capital Management LLC increased its stake in shares of Safety Insurance Group by 101.7% in the first quarter. TimesSquare Capital Management LLC now owns 405,118 shares of the insurance provider's stock valued at $33,297,000 after buying an additional 204,218 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Safety Insurance Group by 4.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 216,496 shares of the insurance provider's stock valued at $16,452,000 after buying an additional 9,803 shares during the period. Finally, Hsbc Holdings PLC increased its stake in shares of Safety Insurance Group by 1,429.7% in the fourth quarter. Hsbc Holdings PLC now owns 71,361 shares of the insurance provider's stock valued at $5,402,000 after buying an additional 66,696 shares during the period. Institutional investors own 81.04% of the company's stock.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on SAFT shares. StockNews.com raised shares of Safety Insurance Group from a "hold" rating to a "buy" rating in a research report on Friday, May 10th. TheStreet raised shares of Safety Insurance Group from a "c+" rating to a "b" rating in a research report on Tuesday, February 27th.
View Our Latest Report on Safety Insurance Group
Safety Insurance Group Company Profile
(
Get Free Report)
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.
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