Corp Srb Purchases 8,789 Shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) Stock

Safety Insurance Group, Inc. (NASDAQ:SAFT – Get Rating) major shareholder Corp Srb purchased 8,789 shares of the company’s stock in a transaction dated Monday, May 22nd. The shares were acquired at an average cost of $72.80 per share, with a total value of $639,839.20. Following the purchase, the insider now directly owns 1,683,571 shares of the company’s stock, valued at approximately $122,563,968.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Safety Insurance Group Stock Up 0.7 %

Shares of Safety Insurance Group stock opened at $72.13 on Friday. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 40.44 and a beta of 0.31. The stock’s 50-day moving average is $73.32 and its 200 day moving average is $80.97. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.34 and a quick ratio of 0.34. Safety Insurance Group, Inc. has a one year low of $67.71 and a one year high of $99.75.

Safety Insurance Group (NASDAQ:SAFT – Get Rating) last issued its earnings results on Wednesday, February 22nd. The insurance provider reported $0.98 earnings per share (EPS) for the quarter. The business had revenue of $226.60 million for the quarter. Safety Insurance Group had a net margin of 3.23% and a return on equity of 5.81%.

Safety Insurance Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Thursday, June 1st will be paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 4.99%. The ex-dividend date is Wednesday, May 31st. Safety Insurance Group’s dividend payout ratio (DPR) is currently 202.25%.

Institutional Investors Weigh In On Safety Insurance Group

A number of hedge funds have recently added to or reduced their stakes in the company. Legato Capital Management LLC acquired a new position in shares of Safety Insurance Group during the fourth quarter worth approximately $1,743,000. Dean Investment Associates LLC raised its holdings in Safety Insurance Group by 6.3% during the third quarter. Dean Investment Associates LLC now owns 52,760 shares of the insurance provider’s stock worth $4,303,000 after buying an additional 3,108 shares during the last quarter. Navellier & Associates Inc. lifted its stake in shares of Safety Insurance Group by 11.2% in the fourth quarter. Navellier & Associates Inc. now owns 4,941 shares of the insurance provider’s stock valued at $416,000 after buying an additional 497 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of Safety Insurance Group by 18.5% during the fourth quarter. Bank of Montreal Can now owns 3,344 shares of the insurance provider’s stock valued at $294,000 after buying an additional 521 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund increased its position in shares of Safety Insurance Group by 4.2% during the third quarter. Oregon Public Employees Retirement Fund now owns 4,892 shares of the insurance provider’s stock worth $399,000 after acquiring an additional 199 shares in the last quarter. Institutional investors and hedge funds own 91.79% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Safety Insurance Group in a research note on Thursday, May 18th. They issued a “hold” rating on the stock.

About Safety Insurance Group

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Safety Insurance Group, Inc engages in the management and provision of insurance services. It offers property and casualty insurance products which include commercial vehicles and fleets. The firm provides private passenger automobile, commercial automobile and homeowners insurance. The company was founded in 1979 and is headquartered in Boston, MA.