Frederic H. Lindeberg Sells 2,000 Shares of Safety Insurance Group, Inc. (SAFT) Stock

Safety Insurance Group, Inc. (NASDAQ:SAFT) Director Frederic H. Lindeberg sold 2,000 shares of the company’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $82.35, for a total value of $164,700.00. Following the sale, the director now owns 20,000 shares of the company’s stock, valued at approximately $1,647,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Safety Insurance Group, Inc. (NASDAQ SAFT) traded up $0.20 during trading on Tuesday, reaching $81.85. The company’s stock had a trading volume of 49,500 shares, compared to its average volume of 48,911. The stock has a market capitalization of $1,250.00, a price-to-earnings ratio of 19.67 and a beta of 0.80. Safety Insurance Group, Inc. has a one year low of $65.30 and a one year high of $83.30.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a dividend of $0.80 per share. The ex-dividend date is Thursday, November 30th. This represents a $3.20 dividend on an annualized basis and a yield of 3.91%. Safety Insurance Group’s dividend payout ratio is currently 77.29%.

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Separately, Compass Point lowered Safety Insurance Group from a “neutral” rating to a “sell” rating in a report on Monday, October 16th.

Several hedge funds have recently modified their holdings of the company. BlackRock Inc. increased its position in shares of Safety Insurance Group by 1.0% during the second quarter. BlackRock Inc. now owns 1,479,989 shares of the insurance provider’s stock worth $101,083,000 after purchasing an additional 14,843 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Safety Insurance Group by 3.3% during the second quarter. Vanguard Group Inc. now owns 1,382,190 shares of the insurance provider’s stock worth $94,404,000 after purchasing an additional 43,812 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Safety Insurance Group by 0.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,277,824 shares of the insurance provider’s stock worth $87,276,000 after purchasing an additional 4,880 shares in the last quarter. Northern Trust Corp increased its position in shares of Safety Insurance Group by 1.6% during the second quarter. Northern Trust Corp now owns 553,619 shares of the insurance provider’s stock worth $37,812,000 after purchasing an additional 8,981 shares in the last quarter. Finally, State Street Corp increased its position in shares of Safety Insurance Group by 4.5% during the second quarter. State Street Corp now owns 448,998 shares of the insurance provider’s stock worth $30,663,000 after purchasing an additional 19,139 shares in the last quarter. 77.81% of the stock is currently owned by institutional investors and hedge funds.

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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