TD Asset Management Inc Has $5.12 Million Holdings in Safety Insurance Group, Inc. (NASDAQ:SAFT)

TD Asset Management Inc lessened its holdings in shares of Safety Insurance Group, Inc. (NASDAQ:SAFTFree Report) by 15.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 67,400 shares of the insurance provider’s stock after selling 12,000 shares during the period. TD Asset Management Inc owned about 0.46% of Safety Insurance Group worth $5,122,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in SAFT. Keybank National Association OH grew its position in shares of Safety Insurance Group by 7.5% during the 3rd 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 in the last quarter. Swiss National Bank grew its position 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. Charles Schwab Investment Management Inc. grew its position in shares of Safety Insurance Group by 6.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 206,693 shares of the insurance provider’s stock worth $14,094,000 after purchasing an additional 13,430 shares in the last quarter. HighTower Advisors LLC lifted its holdings in shares of Safety Insurance Group by 13.3% during the 3rd quarter. HighTower Advisors LLC now owns 5,531 shares of the insurance provider’s stock worth $386,000 after acquiring an additional 651 shares during the period. Finally, Deutsche Bank AG boosted its position in shares of Safety Insurance Group by 19.9% during the 3rd quarter. Deutsche Bank AG now owns 7,711 shares of the insurance provider’s stock worth $526,000 after acquiring an additional 1,282 shares in the last quarter. Institutional investors and hedge funds own 81.04% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. TheStreet upgraded shares of Safety Insurance Group from a “c+” rating to a “b” rating in a research report on Tuesday, February 27th. StockNews.com upgraded shares of Safety Insurance Group from a “hold” rating to a “buy” rating in a research report on Friday, May 10th.

Read Our Latest Stock Analysis on Safety Insurance Group

Safety Insurance Group Price Performance

Shares of Safety Insurance Group stock opened at $76.07 on Thursday. Safety Insurance Group, Inc. has a fifty-two week low of $65.78 and a fifty-two week high of $88.72. The firm has a market capitalization of $1.13 billion, a P/E ratio of 21.92 and a beta of 0.18. The company’s 50 day moving average price is $79.48 and its two-hundred day moving average price is $79.70.

Safety Insurance Group (NASDAQ:SAFTGet Free Report) last issued its quarterly earnings results on Wednesday, May 8th. The insurance provider reported $0.93 EPS for the quarter. The company had revenue of $268.23 million for the quarter. Safety Insurance Group had a net margin of 5.20% and a return on equity of 4.90%.

Safety Insurance Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Monday, June 3rd will be paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 4.73%. The ex-dividend date of this dividend is Monday, June 3rd. Safety Insurance Group’s dividend payout ratio is presently 103.75%.

Safety Insurance Group Company Profile

(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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