Louisiana State Employees Retirement System Makes New $479,000 Investment in Safety Insurance Group, Inc. $SAFT

Louisiana State Employees Retirement System bought a new position in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 6,600 shares of the insurance provider’s stock, valued at approximately $479,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in Safety Insurance Group by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 1,661,343 shares of the insurance provider’s stock worth $129,435,000 after purchasing an additional 29,511 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Safety Insurance Group by 353.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 306,554 shares of the insurance provider’s stock worth $23,884,000 after purchasing an additional 238,946 shares during the period. AQR Capital Management LLC boosted its holdings in Safety Insurance Group by 62.6% in the 4th quarter. AQR Capital Management LLC now owns 304,724 shares of the insurance provider’s stock worth $23,741,000 after buying an additional 117,261 shares during the period. Adage Capital Partners GP L.L.C. lifted its position in shares of Safety Insurance Group by 20.7% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 300,000 shares of the insurance provider’s stock worth $23,373,000 after acquiring an additional 51,400 shares in the last quarter. Finally, Millennium Management LLC lifted its position in shares of Safety Insurance Group by 224.8% during the third quarter. Millennium Management LLC now owns 139,755 shares of the insurance provider’s stock worth $9,879,000 after acquiring an additional 96,728 shares in the last quarter. Hedge funds and other institutional investors own 81.04% of the company’s stock.

Wall Street Analyst Weigh In

SAFT has been the subject of several recent research reports. Zacks Research upgraded Safety Insurance Group to a “hold” rating in a research report on Wednesday, May 27th. Wall Street Zen upgraded Safety Insurance Group from a “sell” rating to a “hold” rating in a research note on Saturday, June 6th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Safety Insurance Group in a research note on Friday, May 29th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Safety Insurance Group presently has a consensus rating of “Hold”.

Safety Insurance Group Stock Performance

Safety Insurance Group stock opened at $77.38 on Thursday. Safety Insurance Group, Inc. has a 1-year low of $67.04 and a 1-year high of $81.49. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $1.14 billion, a PE ratio of 18.29 and a beta of 0.21. The firm’s 50 day simple moving average is $72.57 and its 200 day simple moving average is $74.88.

Safety Insurance Group (NASDAQ:SAFT) last released its quarterly earnings results on Wednesday, May 6th. The insurance provider reported ($0.72) EPS for the quarter, missing analysts’ consensus estimates of $1.45 by ($2.17). The firm had revenue of $314.67 million for the quarter, compared to analysts’ expectations of $315.01 million. Safety Insurance Group had a net margin of 4.94% and a return on equity of 6.31%. As a group, analysts expect that Safety Insurance Group, Inc. will post 4.75 earnings per share for the current fiscal year.

Safety Insurance Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Monday, June 1st were paid a dividend of $0.92 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $3.68 annualized dividend and a yield of 4.8%. Safety Insurance Group’s dividend payout ratio (DPR) is currently 87.00%.

Safety Insurance Group Company Profile

Safety Insurance Group, Inc is a publicly traded property and casualty insurance holding company incorporated in Massachusetts in 1994. Its principal subsidiary, Safety Insurance Company, traces its roots back to 1923 and has since evolved into a regional personal lines insurer. The company is headquartered in Boston, Massachusetts, and trades on the Nasdaq under the symbol SAFT.

Safety Insurance Group focuses primarily on private passenger automobile and homeowners insurance products, along with dwelling fire, umbrella liability, and certain commercial auto coverages.