Mitsubishi UFJ Asset Management UK Ltd. Decreases Stock Position in Safety Insurance Group, Inc. (NASDAQ:SAFT)

Mitsubishi UFJ Asset Management UK Ltd. trimmed its holdings in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) by 22.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 10,500 shares of the insurance provider’s stock after selling 3,000 shares during the period. Mitsubishi UFJ Asset Management UK Ltd. owned approximately 0.07% of Safety Insurance Group worth $865,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of SAFT. Dimensional Fund Advisors LP raised its holdings in shares of Safety Insurance Group by 1.5% during the second quarter. Dimensional Fund Advisors LP now owns 756,633 shares of the insurance provider’s stock valued at $56,770,000 after purchasing an additional 11,146 shares during the last quarter. State Street Corp raised its stake in Safety Insurance Group by 0.5% during the 3rd quarter. State Street Corp now owns 589,457 shares of the insurance provider’s stock valued at $48,206,000 after buying an additional 2,682 shares during the last quarter. TimesSquare Capital Management LLC increased its position in Safety Insurance Group by 12.6% during the third quarter. TimesSquare Capital Management LLC now owns 512,888 shares of the insurance provider’s stock valued at $41,944,000 after acquiring an additional 57,320 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Safety Insurance Group by 0.7% in the third quarter. Geode Capital Management LLC now owns 355,390 shares of the insurance provider’s stock valued at $29,070,000 after acquiring an additional 2,435 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Safety Insurance Group by 1.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 233,023 shares of the insurance provider’s stock valued at $19,057,000 after purchasing an additional 4,263 shares during the period. Institutional investors own 81.04% of the company’s stock.

Safety Insurance Group Stock Up 0.3 %

Shares of SAFT stock opened at $79.59 on Wednesday. The stock has a market cap of $1.18 billion, a P/E ratio of 15.76 and a beta of 0.20. Safety Insurance Group, Inc. has a 52 week low of $73.38 and a 52 week high of $90.00. The company’s fifty day simple moving average is $83.07 and its two-hundred day simple moving average is $82.54.

Safety Insurance Group (NASDAQ:SAFT) last issued its quarterly earnings results on Tuesday, November 5th. The insurance provider reported $1.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.30). Safety Insurance Group had a return on equity of 6.35% and a net margin of 6.86%. The company had revenue of $295.28 million during the quarter.

Safety Insurance Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, December 2nd were given a dividend of $0.90 per share. The ex-dividend date was Monday, December 2nd. This represents a $3.60 annualized dividend and a dividend yield of 4.52%. Safety Insurance Group’s dividend payout ratio (DPR) is 71.29%.

Analyst Ratings Changes

Separately, StockNews.com upgraded Safety Insurance Group from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th.

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.