Security Insurance coverage Group, Inc. (NASDAQ:SAFT – Get Free Report) noticed a big lower in brief curiosity throughout the month of September. As of September thirtieth, there was quick curiosity totalling 112,900 shares, a lower of 16.6% from the September fifteenth complete of 135,300 shares. At present, 0.8% of the corporate’s shares are quick bought. Primarily based on a median every day quantity of 47,300 shares, the days-to-cover ratio is at present 2.4 days.
Analysts Set New Value Targets
Individually, StockNews.com assumed protection on shares of Security Insurance coverage Group in a analysis word on Thursday, October fifth. They set a “maintain” ranking on the inventory.
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Security Insurance coverage Group Inventory Up 1.3 %
SAFT traded up $0.91 throughout buying and selling on Friday, hitting $70.25. 33,438 shares of the corporate’s inventory have been exchanged, in comparison with its common quantity of 67,888. The corporate has a fast ratio of 0.38, a present ratio of 0.38 and a debt-to-equity ratio of 0.04. The enterprise’s 50 day shifting common is $69.46 and its two-hundred day shifting common is $71.32. Security Insurance coverage Group has a fifty-two week low of $65.78 and a fifty-two week excessive of $92.61. The inventory has a market cap of $1.04 billion, a P/E ratio of 29.27 and a beta of 0.27.
Security Insurance coverage Group (NASDAQ:SAFT – Get Free Report) final launched its quarterly earnings information on Wednesday, August 2nd. The insurance coverage supplier reported $0.80 earnings per share for the quarter. The agency had income of $229.44 million for the quarter. Security Insurance coverage Group had a web margin of 4.12% and a return on fairness of three.82%.
Security Insurance coverage Group Dividend Announcement
The corporate additionally just lately introduced a quarterly dividend, which was paid on Friday, September fifteenth. Stockholders of file on Friday, September 1st have been issued a $0.90 dividend. The ex-dividend date was Thursday, August thirty first. This represents a $3.60 annualized dividend and a dividend yield of 5.12%. Security Insurance coverage Group’s dividend payout ratio is at present 150.00%.
Insider Exercise
In different information, main shareholder Corp Srb acquired 32,384 shares of Security Insurance coverage Group inventory in a transaction dated Wednesday, July nineteenth. The shares have been purchased at a median price of $67.24 per share, with a complete worth of $2,177,500.16. Following the acquisition, the insider now owns 1,842,284 shares within the firm, valued at roughly $123,875,176.16. The acquisition was disclosed in a submitting with the SEC, which is out there at this hyperlink. In associated information, main shareholder Corp Srb purchased 32,384 shares of the enterprise’s inventory in a transaction that occurred on Wednesday, July nineteenth. The shares have been acquired at a median price of $67.24 per share, with a complete worth of $2,177,500.16. Following the completion of the acquisition, the insider now immediately owns 1,842,284 shares within the firm, valued at $123,875,176.16. The transaction was disclosed in a authorized submitting with the Securities & Trade Fee, which is accessible by means of this hyperlink. Additionally, Director Dennis J. Langwell purchased 1,000 shares of the enterprise’s inventory in a transaction that occurred on Monday, August twenty first. The shares have been purchased at a median price of $68.90 per share, for a complete transaction of $68,900.00. Following the completion of the acquisition, the director now owns 2,000 shares of the corporate’s inventory, valued at $137,800. The disclosure for this buy may be discovered right here. Insiders personal 4.20% of the corporate’s inventory.
Institutional Buying and selling of Security Insurance coverage Group
Institutional buyers and hedge funds have just lately made modifications to their positions within the firm. Cash Ideas Capital Corp bought a brand new stake in Security Insurance coverage Group throughout the fourth quarter value about $48,000. AdvisorNet Monetary Inc bought a brand new stake in Security Insurance coverage Group throughout the third quarter value about $68,000. Tower Analysis Capital LLC TRC elevated its holdings in Security Insurance coverage Group by 2,169.8% throughout the first quarter. Tower Analysis Capital LLC TRC now owns 976 shares of the insurance coverage supplier’s inventory value $73,000 after shopping for a further 933 shares over the past quarter. KBC Group NV elevated its holdings in Security Insurance coverage Group by 18.0% throughout the first quarter. KBC Group NV now owns 1,291 shares of the insurance coverage supplier’s inventory value $96,000 after shopping for a further 197 shares over the past quarter. Lastly, Sei Investments Co. bought a brand new stake in Security Insurance coverage Group throughout the fourth quarter value about $202,000. Hedge funds and different institutional buyers personal 79.74% of the corporate’s inventory.
Security Insurance coverage Group Firm Profile
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Security Insurance coverage Group, Inc gives non-public passenger and industrial vehicle, and home-owner insurance coverage in the USA. The corporate’s non-public passenger vehicle insurance policies provide protection for bodily harm and property harm to others, no-fault private harm protection for the insured/insured’s automotive occupants, and bodily harm protection for an insured’s personal car for collision or different perils.
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