Safety Insurance Group, Inc. (NASDAQ:SAFT) Position Lessened by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC decreased its stake in Safety Insurance Group, Inc. (NASDAQ:SAFT) by 28.3% during the 4th quarter, HoldingsChannel reports. The firm owned 1,014 shares of the insurance provider’s stock after selling 400 shares during the period. Nisa Investment Advisors LLC’s holdings in Safety Insurance Group were worth $77,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in SAFT. Envestnet Asset Management Inc. acquired a new stake in Safety Insurance Group in the 1st quarter valued at approximately $223,000. Citigroup Inc. increased its position in Safety Insurance Group by 2.5% in the 1st quarter. Citigroup Inc. now owns 13,868 shares of the insurance provider’s stock valued at $1,260,000 after acquiring an additional 333 shares during the period. MetLife Investment Management LLC increased its position in Safety Insurance Group by 52.6% in the 1st quarter. MetLife Investment Management LLC now owns 7,993 shares of the insurance provider’s stock valued at $726,000 after acquiring an additional 2,755 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Safety Insurance Group by 14.1% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,270 shares of the insurance provider’s stock valued at $1,115,000 after acquiring an additional 1,513 shares during the period. Finally, Great West Life Assurance Co. Can increased its position in Safety Insurance Group by 5.7% in the 1st quarter. Great West Life Assurance Co. Can now owns 13,267 shares of the insurance provider’s stock valued at $1,234,000 after acquiring an additional 713 shares during the period. Institutional investors own 81.04% of the company’s stock.

Safety Insurance Group Stock Up 3.9 %

SAFT opened at $81.98 on Friday. Safety Insurance Group, Inc. has a 12 month low of $65.78 and a 12 month high of $88.72. The stock has a market cap of $1.22 billion, a P/E ratio of 64.55 and a beta of 0.19. The stock’s 50 day moving average price is $81.42 and its 200 day moving average price is $78.52. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.38 and a quick ratio of 0.38.

Safety Insurance Group (NASDAQ:SAFT) last issued its quarterly earnings results on Tuesday, February 27th. The insurance provider reported $0.30 earnings per share (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 for the quarter.

Safety Insurance Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 4.39%. The ex-dividend date was Thursday, February 29th. Safety Insurance Group’s dividend payout ratio (DPR) is presently 283.47%.

Analyst Ratings Changes

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

Insider Activity

In other news, VP Stephen Albert Varga sold 900 shares of Safety Insurance Group 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 transaction, the vice president now directly owns 28,465 shares in the company, valued at approximately $2,258,697.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.00% of the stock is owned by insiders.

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.