Headlines about Safety Insurance Group (NASDAQ:SAFT) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Safety Insurance Group earned a coverage optimism score of 0.22 on Accern’s scale. Accern also gave news articles about the insurance provider an impact score of 45.0410803414722 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
A number of brokerages have recently issued reports on SAFT. BidaskClub raised Safety Insurance Group from a “sell” rating to a “hold” rating in a research report on Monday, February 5th. Compass Point raised Safety Insurance Group from a “sell” rating to a “neutral” rating and set a $70.00 target price on the stock in a research report on Thursday, March 8th.
Safety Insurance Group (NASDAQ:SAFT) traded up $0.35 during trading hours on Wednesday, reaching $77.65. The company had a trading volume of 3,878 shares, compared to its average volume of 44,867. The firm has a market capitalization of $1,173.39, a price-to-earnings ratio of 18.90 and a beta of 0.76. Safety Insurance Group has a 52-week low of $65.75 and a 52-week high of $84.00.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 4.12%. The ex-dividend date is Wednesday, February 28th. Safety Insurance Group’s payout ratio is 78.43%.
In related news, Director David F. Brussard sold 1,505 shares of the company’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $80.01, for a total transaction of $120,415.05. Following the transaction, the director now directly owns 12,077 shares of the company’s stock, valued at $966,280.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP David E. Krupa sold 7,000 shares of the company’s stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $80.30, for a total value of $562,100.00. Following the transaction, the vice president now directly owns 22,925 shares in the company, valued at $1,840,877.50. The disclosure for this sale can be found here. Insiders have sold 30,505 shares of company stock worth $2,464,406 over the last three months. 4.90% of the stock is owned by insiders.
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Safety Insurance Group Company Profile
Safety Insurance Group, Inc is a provider of private passenger automobile insurance. The Company offers a portfolio of property and casualty insurance products. The Company is engaged in property and casualty insurance operations. The Company’s product line includes private passenger automobile, commercial automobile, homeowners, business owners’ policies, personal umbrella, dwelling fire, commercial umbrella, inland marine and watercraft.
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