Insider Selling: Safety Insurance Group, Inc. (NASDAQ:SAFT) VP Sells $32,835.49 in Stock

Safety Insurance Group, Inc. (NASDAQ:SAFT) VP Glenn Hiltpold sold 389 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $84.41, for a total transaction of $32,835.49. Following the completion of the sale, the vice president now owns 11,204 shares in the company, valued at approximately $945,729.64. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Glenn Hiltpold also recently made the following trade(s):

• On Wednesday, June 12th, Glenn Hiltpold sold 338 shares of Safety Insurance Group stock. The shares were sold at an average price of $76.75, for a total transaction of $25,941.50.

Safety Insurance Group Stock Performance

Shares of SAFT stock opened at $80.63 on Thursday. Safety Insurance Group, Inc. has a 52 week low of $66.54 and a 52 week high of $89.46. The stock has a market capitalization of $1.20 billion, a PE ratio of 23.24 and a beta of 0.17. The stock’s fifty day moving average is $82.69 and its 200-day moving average is $80.29.

Safety Insurance Group (NASDAQ:SAFT) last issued its quarterly earnings data on Wednesday, August 7th. The insurance provider reported $1.18 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 company had revenue of $269.78 million for the quarter.

Safety Insurance Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Tuesday, September 3rd will be given a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 4.46%. The ex-dividend date is Tuesday, September 3rd. Safety Insurance Group’s dividend payout ratio (DPR) is presently 103.75%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Safety Insurance Group from a “hold” rating to a “buy” rating in a report on Thursday, September 5th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Illinois Municipal Retirement Fund lifted its stake in shares of Safety Insurance Group by 1.8% during the first quarter. Illinois Municipal Retirement Fund now owns 8,526 shares of the insurance provider’s stock valued at $701,000 after acquiring an additional 154 shares during the period. Texas Permanent School Fund Corp lifted its position in Safety Insurance Group by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 12,946 shares of the insurance provider’s stock valued at $1,064,000 after purchasing an additional 168 shares during the period. ProShare Advisors LLC lifted its position in Safety Insurance Group by 7.3% during the 1st quarter. ProShare Advisors LLC now owns 2,905 shares of the insurance provider’s stock valued at $239,000 after purchasing an additional 198 shares during the period. Louisiana State Employees Retirement System boosted its stake in shares of Safety Insurance Group by 2.7% in the 2nd quarter. Louisiana State Employees Retirement System now owns 7,500 shares of the insurance provider’s stock valued at $563,000 after purchasing an additional 200 shares during the last quarter. Finally, Bessemer Group Inc. grew its position in shares of Safety Insurance Group by 458.9% during the 1st quarter. Bessemer Group Inc. now owns 313 shares of the insurance provider’s stock worth $26,000 after buying an additional 257 shares during the period. 81.04% of the stock is currently owned by 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.