Safety Insurance Group, Inc. (NASDAQ:SAFT) has earned a consensus broker rating score of 5.00 (Strong Sell) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong sell recommendation.

Zacks has also given Safety Insurance Group an industry rank of 193 out of 265 based on the ratings given to related companies.

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

Safety Insurance Group (SAFT) opened at $81.60 on Tuesday. Safety Insurance Group has a 1 year low of $65.75 and a 1 year high of $84.00. The company has a market cap of $1,250.71, a P/E ratio of 19.89 and a beta of 0.78.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a $0.80 dividend. The ex-dividend date is Thursday, November 30th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.92%. Safety Insurance Group’s dividend payout ratio (DPR) is currently 77.11%.

In related news, Director Frederic H. Lindeberg sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $83.16, for a total value of $83,160.00. Following the sale, the director now directly owns 19,000 shares of the company’s stock, valued at $1,580,040. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Frederic H. Lindeberg sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $82.35, for a total transaction of $164,700.00. Following the completion of the sale, the director now directly owns 20,000 shares in the company, valued at $1,647,000. The disclosure for this sale can be found here. 4.90% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in Safety Insurance Group by 3.3% in the second quarter. Vanguard Group Inc. now owns 1,382,190 shares of the insurance provider’s stock valued at $94,404,000 after purchasing an additional 43,812 shares in the last quarter. Old Mutual Global Investors UK Ltd. purchased a new stake in Safety Insurance Group in the second quarter valued at approximately $1,799,000. Bank of America Corp DE raised its stake in Safety Insurance Group by 2.3% in the first quarter. Bank of America Corp DE now owns 29,155 shares of the insurance provider’s stock valued at $2,043,000 after purchasing an additional 647 shares in the last quarter. Teachers Advisors LLC raised its stake in Safety Insurance Group by 11.2% in the second quarter. Teachers Advisors LLC now owns 27,265 shares of the insurance provider’s stock valued at $1,862,000 after purchasing an additional 2,738 shares in the last quarter. Finally, OxFORD Asset Management LLP purchased a new stake in Safety Insurance Group in the second quarter valued at approximately $507,000. 78.61% of the stock is currently owned by institutional investors and hedge funds.

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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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