Safety Insurance Group, Inc. (NASDAQ:SAFT) VP Sells $25,941.50 in Stock

Safety Insurance Group, Inc. (NASDAQ:SAFT) VP Glenn Hiltpold sold 338 shares of the company’s stock in a transaction on Wednesday, June 12th. The stock was 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 directly owns 11,593 shares of the company’s stock, valued at $889,762.75. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Safety Insurance Group Trading Down 0.8 %

Safety Insurance Group stock opened at $75.16 on Friday. Safety Insurance Group, Inc. has a 1-year low of $65.78 and a 1-year high of $88.72. The company has a fifty day simple moving average of $78.81 and a 200 day simple moving average of $79.66. The company has a market cap of $1.12 billion, a P/E ratio of 21.66 and a beta of 0.18.

Safety Insurance Group (NASDAQ:SAFT) last announced its quarterly earnings data on Wednesday, May 8th. The insurance provider reported $0.93 earnings per share for the quarter. Safety Insurance Group had a return on equity of 4.90% and a net margin of 5.20%. The company had revenue of $268.23 million during the quarter.

Safety Insurance Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Monday, June 3rd were given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 4.79%. The ex-dividend date was Monday, June 3rd. Safety Insurance Group’s dividend payout ratio (DPR) is 103.75%.

Institutional Investors Weigh In On Safety Insurance Group

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in Safety Insurance Group by 3.3% during the first quarter. Vanguard Group Inc. now owns 1,695,813 shares of the insurance provider’s stock worth $139,379,000 after buying an additional 54,441 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Safety Insurance Group by 1.6% in the 4th quarter. Victory Capital Management Inc. now owns 1,174,371 shares of the insurance provider’s stock valued at $89,240,000 after acquiring an additional 19,004 shares during the period. TimesSquare Capital Management LLC increased its stake in shares of Safety Insurance Group by 101.7% during the 1st quarter. TimesSquare Capital Management LLC now owns 405,118 shares of the insurance provider’s stock worth $33,297,000 after purchasing an additional 204,218 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Safety Insurance Group by 4.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 216,496 shares of the insurance provider’s stock worth $16,452,000 after purchasing an additional 9,803 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its stake in Safety Insurance Group by 1,429.7% in the 4th quarter. Hsbc Holdings PLC now owns 71,361 shares of the insurance provider’s stock valued at $5,402,000 after purchasing an additional 66,696 shares during the last quarter. Institutional investors and hedge funds own 81.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. StockNews.com upgraded Safety Insurance Group from a “hold” rating to a “buy” rating in a report on Friday, May 10th. TheStreet raised Safety Insurance Group from a “c+” rating to a “b” rating in a research report on Tuesday, February 27th.

About Safety Insurance Group

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.