State Board of Administration of Florida Retirement System Buys 3,557 Shares of Safety Insurance Group, Inc. (NASDAQ:SAFT)

State Board of Administration of Florida Retirement System grew its holdings in Safety Insurance Group, Inc. (NASDAQ:SAFTGet Rating) by 104.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 6,960 shares of the insurance provider’s stock after purchasing an additional 3,557 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Safety Insurance Group were worth $676,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Mitsubishi UFJ Asset Management UK Ltd. increased its stake in shares of Safety Insurance Group by 18.8% in the 2nd quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 19,000 shares of the insurance provider’s stock valued at $1,845,000 after purchasing an additional 3,000 shares during the last quarter. Royce & Associates LP increased its stake in shares of Safety Insurance Group by 11.1% in the 2nd quarter. Royce & Associates LP now owns 120,115 shares of the insurance provider’s stock valued at $11,663,000 after purchasing an additional 12,048 shares during the last quarter. Aviva PLC increased its stake in shares of Safety Insurance Group by 32.2% in the 2nd quarter. Aviva PLC now owns 22,037 shares of the insurance provider’s stock valued at $2,140,000 after purchasing an additional 5,368 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Safety Insurance Group by 49.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,658 shares of the insurance provider’s stock valued at $355,000 after purchasing an additional 1,203 shares during the last quarter. Finally, Carl P. Sherr & Co. LLC increased its stake in shares of Safety Insurance Group by 21.6% in the 2nd quarter. Carl P. Sherr & Co. LLC now owns 29,143 shares of the insurance provider’s stock valued at $2,830,000 after purchasing an additional 5,186 shares during the last quarter. Institutional investors own 93.52% of the company’s stock.

Safety Insurance Group Trading Up 1.6 %

NASDAQ SAFT opened at $88.20 on Friday. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.04. Safety Insurance Group, Inc. has a twelve month low of $76.50 and a twelve month high of $99.75. The company has a market cap of $1.30 billion, a price-to-earnings ratio of 24.36 and a beta of 0.26. The business’s fifty day moving average is $83.45 and its 200 day moving average is $88.51.

Safety Insurance Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 4.08%. The ex-dividend date is Wednesday, November 30th. Safety Insurance Group’s dividend payout ratio (DPR) is 99.45%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on SAFT shares. StockNews.com initiated coverage on Safety Insurance Group in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. TheStreet downgraded Safety Insurance Group from a “b” rating to a “c+” rating in a report on Friday, July 22nd.

Safety Insurance Group Company Profile

(Get Rating)

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.

Further Reading

Want to see what other hedge funds are holding SAFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Safety Insurance Group, Inc. (NASDAQ:SAFTGet Rating).

Institutional Ownership by Quarter for Safety Insurance Group (NASDAQ:SAFT)

Receive News & Ratings for Safety Insurance Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Safety Insurance Group and related companies with MarketBeat.com's FREE daily email newsletter.