Safety Insurance Group, Inc. (SAFT) Director David F. Brussard Sells 1,505 Shares of Stock
Safety Insurance Group, Inc. (NASDAQ:SAFT) Director David F. Brussard sold 1,505 shares of the stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $80.01, for a total value of $120,415.05. Following the completion of the transaction, the director now owns 12,077 shares of the company’s stock, valued at $966,280.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Safety Insurance Group, Inc. (NASDAQ SAFT) traded down $1.70 on Wednesday, hitting $79.60. The stock had a trading volume of 53,100 shares, compared to its average volume of 50,757. Safety Insurance Group, Inc. has a 1-year low of $65.75 and a 1-year high of $84.00. The stock has a market capitalization of $1,231.78, a price-to-earnings ratio of 19.59 and a beta of 0.78.
The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were given a dividend of $0.80 per share. The ex-dividend date was Thursday, November 30th. This represents a $3.20 annualized dividend and a dividend yield of 4.02%. Safety Insurance Group’s dividend payout ratio is currently 77.11%.
Several research analysts have recently commented on SAFT shares. BidaskClub lowered Safety Insurance Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, December 7th. Compass Point lowered Safety Insurance Group from a “neutral” rating to a “sell” rating in a research report on Monday, October 16th.
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.
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