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%.
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.
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.
Receive News & Ratings for Safety Insurance Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Safety Insurance Group and related companies with MarketBeat.com's FREE daily email newsletter.