Safety Insurance Group Major Shareholder Sells Shares

Corp Srb reduces stake in insurance company by 0.12%

Mar. 3, 2026 at 7:07am

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Safety Insurance Group, Inc. (NASDAQ:SAFT) major shareholder Corp Srb sold 2,147 shares of the company's stock on February 25, 2026. The shares were sold at an average price of $78.29, resulting in a total transaction of $168,088.63. Following the sale, Corp Srb now owns 1,832,817 shares of the company's stock, valued at $143,491,242.93.

Why it matters

As a major shareholder owning at least 10% of the company's shares, Corp Srb is required to disclose any transactions involving Safety Insurance Group's stock. This sale represents a 0.12% decrease in their position, which could signal a shift in the company's ownership structure or investment strategy.

The details

The shares were sold on the open market at an average price of $78.29 per share. This brings Corp Srb's total ownership down to 1,832,817 shares, or approximately 27.4% of the company's outstanding stock. Safety Insurance Group is a regional personal lines insurer based in Boston, Massachusetts, focusing on private passenger automobile and homeowners insurance products.

  • The shares were sold on Wednesday, February 25, 2026.

The players

Corp Srb

A major shareholder of Safety Insurance Group, Inc. that owns at least 10% of the company's shares.

Safety Insurance Group, Inc.

A publicly traded property and casualty insurance holding company incorporated in Massachusetts in 1994, with its principal subsidiary tracing its roots back to 1923.

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The takeaway

This transaction highlights the ongoing changes in Safety Insurance Group's shareholder structure, as a major investor reduces their stake by a small but notable amount. It remains to be seen if this is part of a broader shift in the company's ownership or simply a routine portfolio adjustment.