National Security Group, Inc. (NASDAQ:NSEC) major shareholder Andrew J. Abernathey acquired 3,213 shares of the stock in a transaction on Friday, October 27th. The shares were bought at an average price of $13.10 per share, with a total value of $42,090.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
The business also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Monday, November 6th will be given a dividend of $0.05 per share. The ex-dividend date is Friday, November 3rd. This represents a $0.20 annualized dividend and a yield of 1.56%. National Security Group’s dividend payout ratio (DPR) is presently -105.26%.
About National Security Group
The National Security Group, Inc is an insurance holding company. The Company, through its subsidiaries, operates through two segments: property and casualty insurance, and life insurance. Its property and casualty insurance business is conducted through National Security Fire and Casualty Company (NSFC), a subsidiary of the Company, and Omega One Insurance Company (Omega), a subsidiary of NSFC.
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