Louisiana State Employees Retirement System Invests $562,000 in Safety Insurance Group, Inc. (NASDAQ:SAFT)

Louisiana State Employees Retirement System purchased a new position in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 7,400 shares of the insurance provider’s stock, valued at approximately $562,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SAFT. SG Americas Securities LLC purchased a new stake in shares of Safety Insurance Group during the 3rd quarter worth about $299,000. Inspire Investing LLC raised its stake 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 worth $308,000 after purchasing an additional 141 shares in the last quarter. Teacher Retirement System of Texas raised its stake in shares of Safety Insurance Group by 7.5% in the 3rd quarter. Teacher Retirement System of Texas now owns 4,563 shares of the insurance provider’s stock valued at $311,000 after acquiring an additional 319 shares in the last quarter. WINTON GROUP Ltd raised its stake in shares of Safety Insurance Group by 58.9% in the 3rd quarter. WINTON GROUP Ltd now owns 4,966 shares of the insurance provider’s stock valued at $339,000 after acquiring an additional 1,840 shares in the last quarter. Finally, HighTower Advisors LLC raised its stake in shares of Safety Insurance Group by 13.3% in the 3rd quarter. HighTower Advisors LLC now owns 5,531 shares of the insurance provider’s stock valued at $386,000 after acquiring an additional 651 shares in the last quarter. 81.04% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Safety Insurance Group

In other Safety Insurance Group news, VP Stephen Albert Varga sold 900 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $79.35, for a total value of $71,415.00. Following the sale, 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 accessible through this link. Insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

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

Safety Insurance Group Stock Down 0.3 %

Shares of SAFT stock opened at $78.82 on Monday. The stock’s 50 day simple moving average is $80.97 and its 200 day simple moving average is $78.97. 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 twelve month low of $65.78 and a twelve month high of $88.72. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of 62.06 and a beta of 0.19.

Safety Insurance Group (NASDAQ:SAFT) last released its earnings results on Tuesday, February 27th. The insurance provider reported $0.30 earnings per share (EPS) for the quarter. The firm had revenue of $258.40 million for 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 firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 4.57%. The ex-dividend date was Thursday, February 29th. Safety Insurance Group’s dividend payout ratio (DPR) is currently 283.46%.

Safety Insurance Group 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.