Vanguard Group Inc. Grows Position in Safety Insurance Group, Inc. $SAFT

Vanguard Group Inc. increased its holdings in Safety Insurance Group, Inc. (NASDAQ:SAFT) by 1.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,661,343 shares of the insurance provider’s stock after buying an additional 29,511 shares during the period. Vanguard Group Inc. owned 0.11% of Safety Insurance Group worth $129,435,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Amalgamated Bank grew its position in shares of Safety Insurance Group by 3.5% in the third quarter. Amalgamated Bank now owns 4,377 shares of the insurance provider’s stock valued at $309,000 after purchasing an additional 150 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its stake in Safety Insurance Group by 1.2% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 14,018 shares of the insurance provider’s stock worth $1,112,000 after purchasing an additional 169 shares during the period. SG Americas Securities LLC grew its holdings in Safety Insurance Group by 2.2% during the 4th quarter. SG Americas Securities LLC now owns 8,748 shares of the insurance provider’s stock valued at $682,000 after buying an additional 185 shares in the last quarter. Handelsbanken Fonder AB increased its position in shares of Safety Insurance Group by 7.0% during the third quarter. Handelsbanken Fonder AB now owns 4,558 shares of the insurance provider’s stock valued at $322,000 after buying an additional 300 shares during the period. Finally, Invesco Ltd. increased its position in shares of Safety Insurance Group by 0.3% during the third quarter. Invesco Ltd. now owns 126,054 shares of the insurance provider’s stock valued at $8,911,000 after buying an additional 373 shares during the period. Hedge funds and other institutional investors own 81.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on SAFT shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Safety Insurance Group in a report on Thursday, January 22nd. Wall Street Zen lowered shares of Safety Insurance Group from a “buy” rating to a “hold” rating in a research report on Saturday. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Safety Insurance Group currently has an average rating of “Hold”.

Safety Insurance Group Trading Down 0.8%

Shares of Safety Insurance Group stock opened at $70.85 on Tuesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.39 and a quick ratio of 0.40. Safety Insurance Group, Inc. has a 1 year low of $67.04 and a 1 year high of $84.20. The firm has a market cap of $1.04 billion, a PE ratio of 16.75 and a beta of 0.24. The company has a 50 day simple moving average of $74.18 and a two-hundred day simple moving average of $75.57.

Safety Insurance Group (NASDAQ:SAFT) last posted its quarterly earnings data on Wednesday, May 6th. The insurance provider reported ($0.72) earnings per share for the quarter, missing the consensus estimate of $1.45 by ($2.17). Safety Insurance Group had a net margin of 4.94% and a return on equity of 6.31%. The company had revenue of $314.67 million for the quarter, compared to analysts’ expectations of $315.01 million.

Safety Insurance Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Monday, June 1st will be given a dividend of $0.92 per share. The ex-dividend date is Monday, June 1st. This represents a $3.68 dividend on an annualized basis and a yield of 5.2%. Safety Insurance Group’s dividend payout ratio (DPR) is presently 87.00%.

Insider Transactions at Safety Insurance Group

In other news, major shareholder Corp Srb sold 14,151 shares of the company’s stock in a transaction dated Friday, March 20th. The stock was sold at an average price of $71.12, for a total value of $1,006,419.12. Following the completion of the transaction, the insider directly owned 1,794,655 shares in the company, valued at approximately $127,635,863.60. This represents a 0.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 36,304 shares of company stock worth $2,728,283 over the last three months. Insiders own 2.20% of the company’s stock.

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.