Linden Thomas Advisory Services LLC Decreases Position in Safety Insurance Group, Inc. $SAFT

Linden Thomas Advisory Services LLC lowered its stake in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) by 0.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,623 shares of the insurance provider’s stock after selling 144 shares during the period. Linden Thomas Advisory Services LLC owned 0.11% of Safety Insurance Group worth $1,320,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of SAFT. Capital Advisors Ltd. LLC increased its stake in shares of Safety Insurance Group by 15,950.0% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 321 shares of the insurance provider’s stock worth $25,000 after purchasing an additional 319 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Safety Insurance Group by 67.9% during the 1st quarter. GAMMA Investing LLC now owns 811 shares of the insurance provider’s stock worth $64,000 after purchasing an additional 328 shares during the last quarter. Ballentine Partners LLC purchased a new stake in shares of Safety Insurance Group during the 2nd quarter worth approximately $306,000. CenterBook Partners LP purchased a new stake in shares of Safety Insurance Group during the 1st quarter worth approximately $332,000. Finally, Ieq Capital LLC increased its stake in shares of Safety Insurance Group by 35.3% during the 1st quarter. Ieq Capital LLC now owns 4,586 shares of the insurance provider’s stock worth $362,000 after purchasing an additional 1,196 shares during the last quarter. Hedge funds and other institutional investors own 81.04% of the company’s stock.

Insider Transactions at Safety Insurance Group

In other news, Director Dennis J. Langwell bought 2,000 shares of the stock in a transaction on Friday, September 5th. The shares were acquired at an average cost of $72.39 per share, for a total transaction of $144,780.00. Following the purchase, the director directly owned 8,000 shares of the company’s stock, valued at $579,120. This trade represents a 33.33% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders have purchased 4,055 shares of company stock valued at $291,705. Corporate insiders own 2.00% of the company’s stock.

Safety Insurance Group Stock Down 0.1%

SAFT opened at $69.56 on Friday. The company has a 50 day moving average of $71.72 and a 200 day moving average of $74.99. The company has a market cap of $1.04 billion, a PE ratio of 12.18 and a beta of 0.26. Safety Insurance Group, Inc. has a 12 month low of $68.10 and a 12 month high of $90.00. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.03.

Safety Insurance Group (NASDAQ:SAFT) last released its quarterly earnings data on Wednesday, August 6th. The insurance provider reported $1.45 EPS for the quarter, missing the consensus estimate of $1.60 by ($0.15). The business had revenue of $345.83 million during the quarter. Safety Insurance Group had a return on equity of 8.34% and a net margin of 7.07%.

Safety Insurance Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd were paid a $0.92 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $3.68 annualized dividend and a yield of 5.3%. This is a boost from Safety Insurance Group’s previous quarterly dividend of $0.90. Safety Insurance Group’s dividend payout ratio is currently 64.45%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Safety Insurance Group in a research note on Saturday. Wall Street Zen downgraded shares of Safety Insurance Group from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold”.

About Safety Insurance Group

Safety Insurance Group, Inc provides private passenger and commercial automobile, and homeowner insurance in the United States. The company’s private passenger automobile policies offer coverage for bodily injury and property damage to others, no-fault personal injury coverage for the insured/insured’s car occupants, and physical damage coverage for an insured’s own vehicle for collision or other perils.