American Century Companies Inc. Sells 4,848 Shares of Safety Insurance Group, Inc. (NASDAQ:SAFT)

American Century Companies Inc. cut its position in Safety Insurance Group, Inc. (NASDAQ:SAFTFree Report) by 5.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 82,230 shares of the insurance provider’s stock after selling 4,848 shares during the quarter. American Century Companies Inc.’s holdings in Safety Insurance Group were worth $5,607,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Alliancebernstein L.P. lifted its position in shares of Safety Insurance Group by 0.7% during the 3rd quarter. Alliancebernstein L.P. now owns 18,929 shares of the insurance provider’s stock valued at $1,544,000 after acquiring an additional 127 shares during the period. Captrust Financial Advisors lifted its position in shares of Safety Insurance Group by 5.5% during the 3rd quarter. Captrust Financial Advisors now owns 2,606 shares of the insurance provider’s stock valued at $213,000 after acquiring an additional 136 shares during the period. Inspire Investing LLC lifted its position in shares of Safety Insurance Group by 3.2% during the 3rd quarter. Inspire Investing LLC now owns 4,513 shares of the insurance provider’s stock valued at $308,000 after acquiring an additional 141 shares during the period. Pathstone Family Office LLC lifted its position in shares of Safety Insurance Group by 4.7% during the 3rd quarter. Pathstone Family Office LLC now owns 4,461 shares of the insurance provider’s stock valued at $363,000 after acquiring an additional 201 shares during the period. Finally, Teachers Retirement System of The State of Kentucky lifted its position in shares of Safety Insurance Group by 5.8% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 4,692 shares of the insurance provider’s stock valued at $337,000 after acquiring an additional 258 shares during the period. 81.04% of the stock is currently owned by institutional investors.

Insider Transactions at Safety Insurance Group

In other news, VP Stephen Albert Varga sold 900 shares of the business’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $79.35, for a total transaction of $71,415.00. Following the completion of the transaction, the vice president now owns 28,465 shares of the company’s stock, valued at approximately $2,258,697.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 4.40% of the stock is owned by insiders.

Safety Insurance Group Price Performance

Safety Insurance Group stock opened at $80.46 on Wednesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.38 and a current ratio of 0.38. Safety Insurance Group, Inc. has a 52 week low of $65.78 and a 52 week high of $88.72. The stock has a market capitalization of $1.19 billion, a P/E ratio of 63.35 and a beta of 0.19. The stock has a fifty day moving average of $82.33 and a 200-day moving average of $77.21.

Safety Insurance Group (NASDAQ:SAFTGet Free Report) last posted its quarterly earnings results on Tuesday, February 27th. The insurance provider reported $0.30 EPS for the quarter. Safety Insurance Group had a return on equity of 1.56% and a net margin of 2.03%. The company had revenue of $258.40 million during the quarter.

Safety Insurance Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a dividend of $0.90 per share. The ex-dividend date was Thursday, February 29th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.47%. Safety Insurance Group’s dividend payout ratio (DPR) is currently 283.47%.

Wall Street Analysts Forecast Growth

Separately, TheStreet upgraded Safety Insurance Group from a “c+” rating to a “b” rating in a research report on Tuesday, February 27th.

Check Out Our Latest Stock Report on SAFT

About Safety Insurance Group

(Free Report)

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.

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

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