Safety Insurance Group, Inc. (SAFT) VP David E. Krupa Sells 7,000 Shares of Stock

Safety Insurance Group, Inc. (NASDAQ:SAFT) VP David E. Krupa sold 7,000 shares of the business’s stock in a transaction dated Friday, December 28th. The shares were sold at an average price of $80.30, for a total value of $562,100.00. Following the completion of the sale, the vice president now owns 22,925 shares in the company, valued at $1,840,877.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Shares of Safety Insurance Group, Inc. (SAFT) opened at $80.40 on Tuesday. Safety Insurance Group, Inc. has a 52 week low of $65.75 and a 52 week high of $84.00. The stock has a market capitalization of $1,230.00, a PE ratio of 19.42 and a beta of 0.78.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date was Thursday, November 30th. Safety Insurance Group’s dividend payout ratio is currently 77.29%.

Institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC raised its stake in Safety Insurance Group by 67.2% in the 3rd quarter. SG Americas Securities LLC now owns 2,450 shares of the insurance provider’s stock valued at $187,000 after acquiring an additional 985 shares during the period. Grimes & Company Inc. bought a new stake in shares of Safety Insurance Group during the third quarter valued at about $217,000. Neuberger Berman Group LLC bought a new stake in shares of Safety Insurance Group during the third quarter valued at about $220,000. Piedmont Investment Advisors LLC bought a new stake in shares of Safety Insurance Group during the second quarter valued at about $211,000. Finally, Crossmark Global Holdings Inc. bought a new stake in shares of Safety Insurance Group during the third quarter valued at about $329,000. Institutional investors and hedge funds own 78.59% of the company’s stock.

SAFT has been the topic of a number of research reports. Compass Point cut Safety Insurance Group from a “neutral” rating to a “sell” rating in a research note on Monday, October 16th. BidaskClub cut Safety Insurance Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, December 7th.

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About Safety Insurance Group

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.

Insider Buying and Selling by Quarter for Safety Insurance Group (NASDAQ:SAFT)

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