Safety Insurance Group, Inc. (NASDAQ:SAFT) Shares Sold by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC lowered its stake in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) by 3.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 13,716 shares of the insurance provider’s stock after selling 558 shares during the period. Integrated Wealth Concepts LLC’s holdings in Safety Insurance Group were worth $1,130,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in SAFT. Barclays PLC grew its stake in shares of Safety Insurance Group by 348.8% in the third quarter. Barclays PLC now owns 24,430 shares of the insurance provider’s stock valued at $1,997,000 after buying an additional 18,987 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Safety Insurance Group by 5.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 174,859 shares of the insurance provider’s stock worth $14,300,000 after buying an additional 9,531 shares during the period. EntryPoint Capital LLC acquired a new stake in Safety Insurance Group during the 4th quarter worth approximately $304,000. AlphaQuest LLC boosted its position in Safety Insurance Group by 89.0% in the 4th quarter. AlphaQuest LLC now owns 8,751 shares of the insurance provider’s stock valued at $721,000 after buying an additional 4,122 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Safety Insurance Group by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 239,565 shares of the insurance provider’s stock worth $19,740,000 after acquiring an additional 6,542 shares during the period. Institutional investors and hedge funds own 81.04% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered Safety Insurance Group from a “buy” rating to a “hold” rating in a report on Thursday, February 27th.

Safety Insurance Group Stock Up 1.3 %

Shares of Safety Insurance Group stock opened at $77.83 on Wednesday. Safety Insurance Group, Inc. has a 52-week low of $70.71 and a 52-week high of $90.00. The company has a market capitalization of $1.16 billion, a P/E ratio of 15.41 and a beta of 0.19. The company has a 50 day moving average of $77.06 and a 200 day moving average of $80.02.

Safety Insurance Group (NASDAQ:SAFT) last posted its earnings results on Tuesday, February 25th. The insurance provider reported $0.94 EPS for the quarter, missing the consensus estimate of $1.17 by ($0.23). The business had revenue of $286.72 million during the quarter. Safety Insurance Group had a net margin of 6.86% and a return on equity of 6.35%.

Safety Insurance Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were paid a $0.90 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $3.60 annualized dividend and a yield of 4.63%. Safety Insurance Group’s dividend payout ratio is currently 75.47%.

Safety Insurance Group Company Profile

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.