Safety Insurance Group Stock (NASDAQ: SAFT)

Safety Insurance Group (NASDAQ:SAFT) Stock, Quote.Headers.trade-ideas

Safety Insurance Group

Safety Insurance Group Inc is a provider of private passenger automobile insurance in Massachusetts. The company also offers property and casualty insurance products, including commercial automobiles, homeowners, dwelling fire, umbrella, and business owner policies. It operates in the business segment of Property and casualty insurance operations.

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Over $2M Bet On Safety Insurance Group? Check Out These 3 Stocks Insiders Are Buying

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Although US stocks closed mostly higher on Tuesday, there were a few notable insider trades.

Insiders Buying Zumiez, Hibbett And This Financial Services Stock

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Safety Insurance Group, Inc. - Common Stock

Safety Insurance Group Inc

Safety Insurance Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAFT#NASDAQ">SAFT</a>) reported quarterly earnings of $1.13 per share which missed the analyst consensus estimate of $1.30 by 13.08 percent. The company reported $269.78 million in sales this quarter. This is a 33.41 percent increase over sales of $202.22 million the same period last year.

Earnings

Earnings Misses

Safety Insurance Group Q2 2024 Adj EPS $1.13 Misses $1.30 Estimate, Sales $269.78M Up From $202.22M YoY

Safety Insurance Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAFT#NASDAQ">SAFT</a>) reported quarterly earnings of $0.93 per share which beat the analyst consensus estimate of $0.50 by 86 percent. This is a 206.9 percent increase over losses of $(0.87) per share from the same period last year. The company reported $268.23 million in sales this quarter. This is a 25.48 percent increase over sales of $213.76 million the same period last year.

Earnings Beats

Safety Insurance Group Q1 EPS $0.93 Beats $0.50 Estimate, Sales $268.23M Up From $213.76M YoY

Safety Insurance Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAFT#NASDAQ">SAFT</a>) reported quarterly earnings of $0.30 per share which missed the analyst consensus estimate of $0.77 by 61.04 percent. This is a 69.39 percent decrease over earnings of $0.98 per share from the same period last year. The company reported $226.03 million in sales this quarter. This is a 17.02 percent increase over sales of $193.15 million the same period last year.

Safety Insurance Group Q4 2023 Adj EPS $0.30 Misses $0.77 Estimate, Sales $226.03M Up From $193.15M YoY

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Earnings Scheduled For February 27, 2024

Safety Insurance Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAFT#NASDAQ">SAFT</a>) is set to give its latest quarterly earnings report on Tuesday, 2024-02-27. Here's what investors need to know before the announcement.
Analysts estimate that Safety Insurance Group will report an earnings per share (EPS) of $0.77. 
Safety Insurance Group bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Here's a look at Safety Insurance Group's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td></td>
<td>1.2</td>
<td></td>
<td></td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.59</td>
<td>0.8</td>
<td>-0.87</td>
<td>0.98</td>
</tr>
<tr>
<td>Price Change %</td>
<td>1.0%</td>
<td>2.0%</td>
<td>-1.0%</td>
<td>-8.0%</td>
</tr>
</tbody>
</table>

<h3>Stock Performance</h3>
Shares of Safety Insurance Group were trading at $84.97 as of February 23. Over the last 52-week period, shares are up 4.46%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release. 
<a href="https://www.benzinga.com/quote/SAFT/earnings">To track all earnings releases for Safety Insurance Group visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Outlook For Safety Insurance Group

<a href="https://pro.benzinga.com/?utm_source=insights">According to Benzinga Pro</a> following are the gainers and losers in <a href="https://www.benzinga.com/money/insurance/">Insurance</a> industry for today's Intraday session. 
<h3>Gainers</h3>
<ul>
<li>Universal Insurance Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UVE#NYSE">UVE</a>) shares rose 16.66% to $20.1 during Friday's regular session. Trading volume for this security as of 12:40 EST is 275.3K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $580.1 million. As per the news, the Q4 earnings report came out yesterday. </li>
<li>Heritage Insurance Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRTG#NYSE">HRTG</a>) shares moved upwards by 6.98% to $7.07. Trading volume for this security as of 12:40 EST is 193.0K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $200.1 million. </li>
<li>Reliance Global Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RELI#NASDAQ">RELI</a>) shares rose 5.36% to $0.48. The current volume of 6.8K shares is 0% of Reliance Global Group's average full-day volume over the last 100 days (last updated at 12:40 EST). The company's market cap stands at $2.2 million. </li>
<li>Goosehead Insurance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GSHD#NASDAQ">GSHD</a>) stock moved upwards by 3.72% to $74.34. Trading volume for Goosehead Insurance's stock is 268.2K as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $1.7 billion. As per the news, the Q4 earnings report came out 2 days ago. </li>
<li>Genworth Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNW#NYSE">GNW</a>) shares increased by 3.45% to $6.14. Trading volume for Genworth Finl's stock is 1.0 million as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $2.6 billion. As per the press release, Q4 earnings came out 2 days ago. </li>
<li>American Coastal (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACIC#NASDAQ">ACIC</a>) stock moved upwards by 3.07% to $13.75. As of 12:40 EST, American Coastal's stock is trading at a volume of 118.1K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $588.2 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Trupanion (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRUP#NASDAQ">TRUP</a>) stock fell 2.9% to $23.02 during Friday's regular session. As of 12:40 EST, Trupanion's stock is trading at a volume of 256.4K, which is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $999.5 million. </li>
<li>Donegal Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DGICA#NASDAQ">DGICA</a>) shares decreased by 2.16% to $14.1. Trading volume for Donegal Gr's stock is 20.5K as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $479.0 million. As per the news, the Q4 earnings report came out yesterday. </li>
<li>Maiden Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MHLD#NASDAQ">MHLD</a>) stock declined by 2.03% to $1.4. Trading volume for Maiden Hldgs's stock is 56.3K as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $170.5 million. </li>
<li>Crawford (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRD#NYSE">CRD</a>) stock declined by 1.42% to $11.88. Crawford's stock is trading at a volume of 375 shares as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The company's market cap stands at 580775896. </li>
<li>Safety Insurance Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAFT#NASDAQ">SAFT</a>) stock decreased by 1.21% to $85.9. Safety Insurance Group's stock is trading at a volume of 22.2K shares as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $1.2 billion. </li>
<li>eHealth (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EHTH#NASDAQ">EHTH</a>) shares declined by 1.2% to $6.62. As of 12:40 EST, this security is trading at a volume of 43.6K shares, making up 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $201.1 million. </li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Movers

ACIC

DGICA

GSHD

HRTG

MHLD

RELI

TRUP

Insurance Stocks Moving In Friday's Intraday Session

Safety Insurance Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAFT#NASDAQ">SAFT</a>) reported quarterly earnings of $0.59 per share. This is a 47.79 percent decrease over earnings of $1.13 per share from the same period last year. The company reported $229.36 million in sales this quarter. This is a 19.24 percent increase over sales of $192.35 million the same period last year.

Safety Insurance Group Q3 EPS $0.59 Down From $1.13 YoY, Sales $229.36M Up From $192.35M YoY

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Sunlight Financial Holdings, Inc. Class A Common Stock

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Stocks That Hit 52-Week Lows On Friday

As the day concludes, Tiptree (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIPT#NASDAQ">TIPT</a>) is preparing to distribute a dividend payout of $0.05 per share, resulting in an annualized dividend yield of 1.36%. This payout is exclusive to investors who held the stock before the ex-dividend date on August 18, 2023.
<h3>Tiptree Recent Dividend Payouts</h3>
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 </style><table>
<thead>
<tr>
<th>Ex-Date</th>
<th align="right">Payments per year</th>
<th>Dividend</th>
<th>Yield</th>
<th>Announced</th>
<th>Record</th>
<th>Payable</th>
</tr>
</thead>
<tbody>
<tr>
<td>2023-08-18</td>
<td align="right">4</td>
<td>$0.05</td>
<td>1.36%</td>
<td>2023-08-02</td>
<td>2023-08-21</td>
<td>2023-08-28</td>
</tr>
<tr>
<td>2023-05-19</td>
<td align="right">4</td>
<td>$0.05</td>
<td>1.43%</td>
<td>2023-05-03</td>
<td>2023-05-22</td>
<td>2023-05-30</td>
</tr>
<tr>
<td>2023-03-17</td>
<td align="right">4</td>
<td>$0.05</td>
<td>1.29%</td>
<td>2023-03-08</td>
<td>2023-03-20</td>
<td>2023-03-27</td>
</tr>
<tr>
<td>2022-11-18</td>
<td align="right">4</td>
<td>$0.04</td>
<td>1.28%</td>
<td>2022-11-02</td>
<td>2022-11-21</td>
<td>2022-11-28</td>
</tr>
<tr>
<td>2022-08-19</td>
<td align="right">4</td>
<td>$0.04</td>
<td>1.44%</td>
<td>2022-08-08</td>
<td>2022-08-22</td>
<td>2022-08-29</td>
</tr>
<tr>
<td>2022-05-20</td>
<td align="right">4</td>
<td>$0.04</td>
<td>1.36%</td>
<td>2022-05-05</td>
<td>2022-05-23</td>
<td>2022-05-31</td>
</tr>
<tr>
<td>2022-03-18</td>
<td align="right">4</td>
<td>$0.04</td>
<td>1.36%</td>
<td>2022-03-09</td>
<td>2022-03-21</td>
<td>2022-03-28</td>
</tr>
<tr>
<td>2021-11-19</td>
<td align="right">4</td>
<td>$0.04</td>
<td>1.01%</td>
<td>2021-11-03</td>
<td>2021-11-22</td>
<td>2021-11-29</td>
</tr>
<tr>
<td>2021-08-20</td>
<td align="right">4</td>
<td>$0.04</td>
<td>1.66%</td>
<td>2021-08-04</td>
<td>2021-08-23</td>
<td>2021-08-30</td>
</tr>
<tr>
<td>2021-05-21</td>
<td align="right">4</td>
<td>$0.04</td>
<td>1.7%</td>
<td>2021-05-05</td>
<td>2021-05-24</td>
<td>2021-06-01</td>
</tr>
<tr>
<td>2021-03-19</td>
<td align="right">4</td>
<td>$0.04</td>
<td>2.86%</td>
<td>2021-03-11</td>
<td>2021-03-22</td>
<td>2021-03-29</td>
</tr>
<tr>
<td>2020-11-20</td>
<td align="right">4</td>
<td>$0.04</td>
<td>3.16%</td>
<td>2020-11-04</td>
<td>2020-11-23</td>
<td>2020-11-30</td>
</tr>
</tbody>
</table>
With a dividend yield that places it neither at the top nor the bottom, Tiptree finds itself in the middle among its industry peers, while Safety Insurance Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAFT#NASDAQ">SAFT</a>) boasts the highest annualized dividend yield at 5.12%.
<h3>Analyzing Tiptree Financial Health</h3>
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing. 
<h3>YoY Growth in Dividend Per Share</h3>
<img src="https://www.benzinga.com/files/images/story/2023/1693235120_0.png" alt="dividend chart graph" />
The company demonstrated a positive dividend growth pattern from 2019 to 2022, with the dividend per share rising from $0.15 to $0.16. This signifies the company's commitment to consistently increasing shareholder dividends.
<h3>YoY Earnings Growth For Tiptree</h3>
<img src="https://www.benzinga.com/files/images/story/2023/1693235120_1.png" alt="earning chart graph" />
The earnings chart highlights a decrease in Tiptree's earnings per share, declining from $0.39 in 2019 to $-0.30 in 2022. This decline in earnings raises a red flag for income-seeking investors, as it suggests a potential decrease in the company's ability to generate cash for dividend payouts. It is essential to closely examine the factors behind this decrease and assess the long-term impact on dividend sustainability.
<h3>Recap</h3>
This article delves into the recent dividend payout of Tiptree and its implications for shareholders. Presently, the company is distributing a dividend of $0.05 per share, leading to an annualized dividend yield of 1.36%.
With a dividend yield that places it neither at the top nor the bottom, Tiptree finds itself in the middle among its industry peers, while Safety Insurance Group boasts the highest annualized dividend yield at 5.12%.
Given that Tiptree has experienced an increase in dividend per share from 2019 to 2022 along with a decrease in earnings per share, it could indicate that the company is prioritizing dividend distribution to shareholders despite challenges in earnings growth.
To stay informed about changes in financials or dividend disbursements, investors should pay close attention to the company's performance in the upcoming quarters.
\To keep track of which companies are distributing dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Dividends

TIPT

Tiptree Supports Customers through Tough Times, Supporting Shareholders through Changes

Safety Insurance Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAFT#NASDAQ">SAFT</a>) reported quarterly earnings of $0.80 per share which missed the analyst consensus estimate of $1.20 by 33.33 percent. This is a 58.12 percent decrease over earnings of $1.91 per share from the same period last year. The company reported $202.22 million in sales this quarter. This is a 7.38 percent increase over sales of $188.33 million the same period last year.

Safety Insurance Group Q2 EPS $0.80 Misses $1.20 Estimate, Sales $202.22M Up From $188.33M YoY

Although US stocks closed mixed on Friday, there were a few notable insider trades.
When insiders purchase shares, it indicates their confidence in the company&#39;s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.
Below is a look at a few recent notable insider purchases. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/"> Benzinga&#39;s insider transactions </a> platform.
<h3>Asana </h3>
<ul>
<li>The Trade: Asana, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/asan#NASDAQ">ASAN</a>) President, CEO and Chairman Dustin Moskovitz <a href="https://www.benzinga.com/quote/ASAN/analyst-ratings"> acquired a total of 240,000 shares </a> an average price of $22.90. To acquire these shares, it cost around $5.5 million.</li>
<li>What&rsquo;s Happening: Citigroup recently maintained Asana with a Neutral and raised the price target from $24 to $26.</li>
<li>What Asana Does: Asana Inc is a software company. The company provides a platform for work management that helps teams orchestrate work, from daily tasks to cross-functional strategic initiatives.</li>
</ul>
<h3>Safety Insurance Group </h3>
<ul>
<li>The Trade: Safety Insurance Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/saft#NASDAQ">SAFT</a>) 10% owner Plymouth Rock Co Inc acquired a total of 32,384 shares at an average price of $67.24. To acquire these shares, it cost around $2.18 million</li>
<li>What&rsquo;s Happening: The company posted net loss of $12.3 million, or $0.84 per diluted share for the quarter ended March 31, 2023, versus year-ago net income of $7.8 million, or $0.53 per diluted share.</li>
<li>What Safety Insurance Group Does: Safety Insurance Group Inc is a provider of private passenger automobile insurance in Massachusetts.</li>
</ul>
Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
<h3>Culp </h3>
<ul>
<li>The Trade: Culp, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/culp#NYSE">CULP</a>) Director Allen John Baugh <a href="https://www.benzinga.com/sec/insider-trades/"> bought a total of 4,500 shares </a> at an average price of $5.50. To acquire these shares, it cost around $24,750.</li>
<li>What&rsquo;s Happening: Culp posted a narrower-than-expected fourth-quarter loss.</li>
<li>What Culp Does: Culp Inc manufactures, sources, and markets mattress fabrics and sewn covers used for covering mattresses and box springs and upholstery fabrics including cut and sewn kits used in the production of upholstered furniture.</li>
</ul>
&nbsp;
Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/23/07/33320550/top-4-tech-telecom-stocks-that-may-rocket-higher-in-july"> Top 4 Tech &amp; Telecom Stocks That May Rocket Higher In July </a>

<a href="https://pro.benzinga.com/?utm_source=insights">According to Benzinga Pro</a> following are the gainers and losers in <a href="https://www.benzinga.com/money/insurance/">Insurance</a> industry for today's Intraday session. 
<h3>Gainers</h3>
<ul>
<li>Lemonade (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMND#NYSE">LMND</a>) stock rose 5.43% to $21.15 during Tuesday's regular session. The current volume of 1.2 million shares is 74.1% of Lemonade's average full-day volume over the last 100 days (last updated at 13:40 EST). The company's market cap stands at $1.4 billion. </li>
<li>Kingstone Companies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KINS#NASDAQ">KINS</a>) shares moved upwards by 5.17% to $1.22. The current volume of 3.3K shares is 23.6% of Kingstone Companies's average full-day volume over the last 100 days (last updated at 13:40 EST). The market value of their outstanding shares is at $12.9 million. </li>
<li>Oxbridge Re Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OXBR#NASDAQ">OXBR</a>) shares moved upwards by 2.7% to $1.9. As of 13:40 EST, Oxbridge Re Holdings's stock is trading at a volume of 10.5K, which is 61.2% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $11.1 million. </li>
<li>Goosehead Insurance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GSHD#NASDAQ">GSHD</a>) shares moved upwards by 2.67% to $65.94. Trading volume for this security as of 13:40 EST is 65.9K, which is 34.5% of its average full-day volume over the last 100 days. The company's market cap stands at $1.5 billion. </li>
<li>Root (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROOT#NASDAQ">ROOT</a>) stock increased by 2.67% to $10.73. Trading volume for this security as of 13:40 EST is 101.7K, which is 25.1% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $153.1 million. </li>
<li>Crawford (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRD#NYSE">CRD</a>) stock rose 2.62% to $10.18. As of 13:40 EST, Crawford's stock is trading at a volume of 25.8K, which is 24.0% of its average full-day volume over the last 100 days. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Hallmark Financial Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HALL#NASDAQ">HALL</a>) stock fell 3.75% to $5.4 during Tuesday's regular session. Trading volume for this security as of 13:40 EST is 6.3K, which is 61.3% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $9.8 million. </li>
<li>Huize Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUIZ#NASDAQ">HUIZ</a>) shares fell 3.08% to $1.26. As of 13:40 EST, Huize Holding's stock is trading at a volume of 21.2K, which is 7.9% of its average full-day volume over the last 100 days. The company's market cap stands at $64.4 million. </li>
<li>Marpai (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRAI#NASDAQ">MRAI</a>) shares decreased by 2.15% to $1.59. The current volume of 82.9K shares is 45.3% of Marpai's average full-day volume over the last 100 days (last updated at 13:40 EST). The company's market cap stands at $11.5 million. </li>
<li>Donegal Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DGICB#NASDAQ">DGICB</a>) shares fell 1.63% to $12.7. Donegal Gr's stock is trading at a volume of 4.0K shares as of 13:40 EST. This is 261.9% of its average full-day volume over the last 100 days. The company's market cap stands at $418.0 million. </li>
<li>HCI Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HCI#NYSE">HCI</a>) shares fell 1.47% to $58.48. As of 13:40 EST, this security is trading at a volume of 17.6K shares, making up 27.1% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $505.2 million. </li>
<li>Safety Insurance Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAFT#NASDAQ">SAFT</a>) shares fell 1.43% to $66.23. The current volume of 28.6K shares is 43.3% of Safety Insurance Group's average full-day volume over the last 100 days (last updated at 13:40 EST). The market value of their outstanding shares is at $987.0 million. </li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Insurance Stocks Moving In Tuesday's Intraday Session

Although US stocks closed mostly higher on Tuesday, there were a few notable insider trades.
When insiders purchase shares, it indicates their confidence in the company&#39;s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.
Below is a look at a few recent notable insider purchases. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/"> Benzinga&#39;s insider transactions </a> platform.
<h3>Zumiez </h3>
<ul>
<li>The Trade: Zumiez Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/zumz#NASDAQ">ZUMZ</a>) CEO Miles Richard Brooks <a href="https://www.benzinga.com/quote/ZUMZ/analyst-ratings"> acquired a total of 74,930 shares </a> an average price of $13.57. To acquire these shares, it cost around $1.02 million.</li>
<li>What&rsquo;s Happening: Zumiez will be replaced in the S&amp;P SmallCap 600.</li>
<li>What Zumiez Does: Zumiez Inc is a United-States-based specialty retailer engaged in the sale of apparel, footwear, accessories, and hardgoods.</li>
</ul>
<h3>Safety Insurance Group </h3>
<ul>
<li>The Trade: Safety Insurance Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/saft#NASDAQ">SAFT</a>) 10% owner Plymouth Rock Co Inc acquired a total of 26,797 shares at an average price of $73.73. To acquire these shares, it cost around $1.98 million.</li>
<li>What&rsquo;s Happening: The company posted a net loss of $12.3 million for the quarter ended March 31, 2023, versus year-ago net income of $7.8 million.</li>
<li>What Safety Insurance Group Does: Safety Insurance Group Inc is a provider of private passenger automobile insurance in Massachusetts.</li>
</ul>
Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
<h3>Hibbett </h3>
<ul>
<li>The Trade: Hibbett, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hibb#NASDAQ">HIBB</a>) SVP General Counsel David M. Benck <a href="https://www.benzinga.com/sec/insider-trades/"> bought a total of 2,000 shares </a> at an average price of $36.09. To acquire these shares, it cost around $72.18 thousand.</li>
<li>What&rsquo;s Happening: Hibbett reported first-quarter FY23 sales growth of 7.4% year-on-year to $455.50 million.</li>
<li>What Hibbett Does: Hibbett Inc is engaged in the retail of sports goods. The company operates small to midsize stores and focuses its business on the South, Southwest, mid-Atlantic, and Midwest areas of the country.</li>
</ul>
&nbsp;
Check This Out: <a href="https://www.benzinga.com/news/earnings/23/06/32752426/fear-greed-index-moves-to-extreme-greed-zone-after-us-stocks-settle-higher"> Fear &amp; Greed Index Moves To &#39;Extreme Greed&#39; Zone After US Stocks Settle Higher </a>

SRB CORP, 10% Owner at Safety Insurance Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAFT#NASDAQ">SAFT</a>), reported a large insider buy on May 31, according to a new SEC filing. 
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0001172052/000090445423000364//Archives/edgar/data/1172052/000090445423000364/0000904454-23-000364-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday showed that CORP purchased 7,483 shares of Safety Insurance Group. The total transaction amounted to $545,239. 
Safety Insurance Group shares are trading down 1.43% at $71.78 at the time of this writing on Thursday morning.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>The Importance of Insider Transactions</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however, they can be an important factor for an investor to consider.
In legal terms, an "insider" refers to any shareholder who owns at least 10% of a company. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Transaction Codes To Focus On</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates the insider may have been forced to sell shares in order to receive compensation that had been promised upon being hired by the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001172052">Check Out The Full List Of Safety Insurance Group's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

10% Owner of Safety Insurance Group Purchased $545K In Stock

SRB CORP, 10% Owner at Safety Insurance Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAFT#NASDAQ">SAFT</a>), reported a large insider buy on May 24, according to a new SEC filing. 
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0001172052/000090445423000358//Archives/edgar/data/1172052/000090445423000358/0000904454-23-000358-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday showed that CORP purchased 8,889 shares of Safety Insurance Group. The total transaction amounted to $647,104. 
Safety Insurance Group shares are trading down 1.2% at $70.76 at the time of this writing on Thursday morning.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>The Importance of Insider Transactions</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however, they can be an important factor for an investor to consider.
In legal terms, an "insider" refers to any shareholder who owns at least 10% of a company. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Important Transaction Codes</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates the insider may have been forced to sell shares in order to receive compensation that had been promised upon being hired by the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001172052">Check Out The Full List Of Safety Insurance Group's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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