International Assets Investment Management LLC Has $1.16 Million Stock Holdings in Safety Insurance Group, Inc. (NASDAQ:SAFT)

International Assets Investment Management LLC raised its holdings in Safety Insurance Group, Inc. (NASDAQ:SAFT) by 7,499.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,198 shares of the insurance provider’s stock after buying an additional 14,998 shares during the quarter. International Assets Investment Management LLC owned 0.10% of Safety Insurance Group worth $1,155,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Inspire Investing LLC raised its position in shares of Safety Insurance Group by 3.2% during the third quarter. Inspire Investing LLC now owns 4,513 shares of the insurance provider’s stock valued at $308,000 after buying an additional 141 shares during the last quarter. Exchange Traded Concepts LLC lifted its position in shares of Safety Insurance Group by 0.8% in the 4th quarter. Exchange Traded Concepts LLC now owns 18,647 shares of the insurance provider’s stock worth $1,417,000 after acquiring an additional 148 shares during the period. Swiss National Bank grew its holdings in shares of Safety Insurance Group by 0.9% during the 3rd quarter. Swiss National Bank now owns 32,700 shares of the insurance provider’s stock worth $2,230,000 after purchasing an additional 300 shares in the last quarter. Teacher Retirement System of Texas raised its stake in shares of Safety Insurance Group by 7.5% in the third quarter. Teacher Retirement System of Texas now owns 4,563 shares of the insurance provider’s stock valued at $311,000 after purchasing an additional 319 shares in the last quarter. Finally, Keybank National Association OH lifted its position in Safety Insurance Group by 7.5% in the third quarter. Keybank National Association OH now owns 6,007 shares of the insurance provider’s stock worth $410,000 after purchasing an additional 420 shares during the period. 81.04% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Insider Activity

In related news, VP Stephen Albert Varga sold 900 shares of the stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $79.35, for a total transaction of $71,415.00. Following the completion of the sale, the vice president now owns 28,465 shares in the company, valued at approximately $2,258,697.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.00% of the stock is owned by corporate insiders.

Safety Insurance Group Stock Performance

NASDAQ:SAFT opened at $82.44 on Tuesday. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.04. The firm has a 50-day moving average price of $81.37 and a 200 day moving average price of $78.68. The firm has a market capitalization of $1.22 billion, a PE ratio of 64.91 and a beta of 0.19. Safety Insurance Group, Inc. has a 12-month low of $65.78 and a 12-month high of $88.72.

Safety Insurance Group (NASDAQ:SAFT) last issued its earnings results on Tuesday, February 27th. The insurance provider reported $0.30 earnings per share (EPS) for the quarter. The business had revenue of $258.40 million during the quarter. Safety Insurance Group had a return on equity of 1.56% and a net margin of 2.03%.

Safety Insurance Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders 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 4.37%. Safety Insurance Group’s payout ratio is presently 283.47%.

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.