Safety Insurance Group, Inc. (NASDAQ:SAFT) has earned an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.

Zacks has also assigned Safety Insurance Group an industry rank of 66 out of 255 based on the ratings given to its competitors.

A number of research analysts have recently weighed in on SAFT shares. BidaskClub upgraded Safety Insurance Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 1st. ValuEngine upgraded Safety Insurance Group from a “hold” rating to a “buy” rating in a research report on Saturday, June 2nd.

Shares of SAFT stock traded down $0.75 during mid-day trading on Wednesday, reaching $89.35. The stock had a trading volume of 1,756 shares, compared to its average volume of 43,099. Safety Insurance Group has a 12-month low of $70.45 and a 12-month high of $99.70. The stock has a market cap of $1.39 billion, a P/E ratio of 20.54 and a beta of 0.59.

Safety Insurance Group (NASDAQ:SAFT) last announced its quarterly earnings results on Friday, August 3rd. The insurance provider reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $1.55 by $0.26. Safety Insurance Group had a return on equity of 9.74% and a net margin of 7.73%. The business had revenue of $207.97 million during the quarter.

The company also recently declared a quarterly dividend, which was paid on Friday, September 14th. Stockholders of record on Tuesday, September 4th were given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date was Friday, August 31st.

In related news, Director David D. Mckown sold 3,765 shares of the stock in a transaction on Thursday, September 6th. The stock was sold at an average price of $98.67, for a total transaction of $371,492.55. Following the sale, the director now owns 5,735 shares of the company’s stock, valued at $565,872.45. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Frederic H. Lindeberg sold 1,000 shares of the stock in a transaction on Tuesday, August 7th. The shares were sold at an average price of $92.45, for a total value of $92,450.00. Following the sale, the director now directly owns 15,000 shares in the company, valued at approximately $1,386,750. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,000 shares of company stock valued at $583,157. Company insiders own 4.90% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Naples Global Advisors LLC boosted its stake in shares of Safety Insurance Group by 4.7% during the second quarter. Naples Global Advisors LLC now owns 14,823 shares of the insurance provider’s stock valued at $1,266,000 after acquiring an additional 660 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of Safety Insurance Group by 2.4% during the first quarter. Legal & General Group Plc now owns 30,926 shares of the insurance provider’s stock valued at $2,386,000 after acquiring an additional 711 shares during the last quarter. Aperio Group LLC boosted its stake in shares of Safety Insurance Group by 8.4% during the second quarter. Aperio Group LLC now owns 11,297 shares of the insurance provider’s stock valued at $965,000 after acquiring an additional 880 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of Safety Insurance Group by 2.4% during the second quarter. Rhumbline Advisers now owns 36,850 shares of the insurance provider’s stock valued at $3,147,000 after acquiring an additional 881 shares during the last quarter. Finally, Xact Kapitalforvaltning AB boosted its stake in shares of Safety Insurance Group by 31.5% during the first quarter. Xact Kapitalforvaltning AB now owns 3,758 shares of the insurance provider’s stock valued at $289,000 after acquiring an additional 900 shares during the last quarter. 80.16% of the stock is currently owned by institutional investors and hedge funds.

Safety Insurance Group Company Profile

Safety Insurance Group, Inc provides private passenger and commercial automobile insurance in Massachusetts, New Hampshire, and Maine, 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.

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