Christopher Thomas Whitford Sells 300 Shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) Stock

Safety Insurance Group, Inc. (NASDAQ:SAFT) CFO Christopher Thomas Whitford sold 300 shares of the stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $79.60, for a total value of $23,880.00. Following the completion of the transaction, the chief financial officer now directly owns 18,728 shares of the company’s stock, valued at $1,490,748.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Safety Insurance Group Stock Up 1.6 %

Shares of SAFT traded up $1.25 during midday trading on Thursday, reaching $81.29. The company had a trading volume of 19,768 shares, compared to its average volume of 54,822. Safety Insurance Group, Inc. has a 1-year low of $65.78 and a 1-year high of $88.72. The stock has a market cap of $1.21 billion, a PE ratio of 23.07 and a beta of 0.17. The firm has a 50 day simple moving average of $79.09 and a 200-day simple moving average of $80.28.

Safety Insurance Group (NASDAQ:SAFT) last issued its quarterly earnings data on Wednesday, August 7th. The insurance provider reported $1.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.12). Safety Insurance Group had a return on equity of 5.53% and a net margin of 4.96%. The business had revenue of $269.78 million for the quarter.

Safety Insurance Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Tuesday, September 3rd will be issued a dividend of $0.90 per share. The ex-dividend date is Tuesday, September 3rd. This represents a $3.60 dividend on an annualized basis and a yield of 4.43%. Safety Insurance Group’s payout ratio is currently 103.75%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Safety Insurance Group from a “buy” rating to a “hold” rating in a research note on Thursday, August 8th.

Hedge Funds Weigh In On Safety Insurance Group

A number of hedge funds have recently modified their holdings of SAFT. Bessemer Group Inc. grew its position in shares of Safety Insurance Group by 458.9% during the first quarter. Bessemer Group Inc. now owns 313 shares of the insurance provider’s stock worth $26,000 after acquiring an additional 257 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Safety Insurance Group during the first quarter worth approximately $152,000. Mutual of America Capital Management LLC purchased a new position in shares of Safety Insurance Group during the first quarter worth approximately $210,000. ProShare Advisors LLC grew its position in shares of Safety Insurance Group by 7.3% during the first quarter. ProShare Advisors LLC now owns 2,905 shares of the insurance provider’s stock worth $239,000 after acquiring an additional 198 shares during the last quarter. Finally, UniSuper Management Pty Ltd purchased a new position in shares of Safety Insurance Group during the first quarter worth approximately $288,000. 81.04% of the stock is currently owned by hedge funds and other institutional investors.

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.