SRB Corp and Plymouth Rock Co Inc, significant shareholders in Safety Insurance Group Inc (NASDAQ: SAFT), have reported a sale of common stock totaling approximately $2.61 million. The transaction was filed with the Securities and Exchange Commission and occurred on July 13, 2026.
The two entities disposed of 34,272 shares of Safety Insurance Group common stock. The shares were sold at a price of $76.0368 per share, amounting to a total transaction value of $2,605,933. Both SRB Corp and Plymouth Rock Co Inc are identified as ten percent owners of Safety Insurance Group.
The filing indicates that the ownership of these shares is indirect. SRB Corp, a direct wholly-owned subsidiary of Plymouth Rock Co Inc, acts as an investment manager for Plymouth Rock Co Inc and may be deemed to have voting and dispositive power over the shares. However, SRB Corp disclaims beneficial ownership of the shares reported. Plymouth Rock Co Inc holds some shares directly, with the majority held through a complex network of its subsidiaries and subsidiaries of Palisades Safety and Insurance Association, which is managed by a Plymouth Rock Co Inc subsidiary. Plymouth Rock Co Inc also disclaims beneficial ownership of the shares except to the extent of its pecuniary interest.
Following this transaction, the reporting entities collectively hold 1,757,733 shares of Safety Insurance Group common stock.
In other recent news, Safety Insurance Group has amended its revolving credit agreement with Citizens Bank and other lenders, increasing the committed amount from $50 million to $100 million. This amendment also extends the maturity date of the facility to June 9, 2031. The company has not drawn any additional amounts under this amended credit agreement as of the report date.
In another development, Safety Insurance Group held its annual stockholders’ meeting, where John D. Farina and Thalia M. Meehan were elected as Class III directors for three-year terms. The voting results showed that Farina received 11,767,003 votes in favor, while Meehan received 11,864,129 votes in favor. Both directors had a significant number of broker non-votes, totaling 1,680,893 each. Additionally, the company’s auditor was ratified during this meeting.