American Century Companies Inc. Decreases Holdings in Safety Insurance Group, Inc. (NASDAQ:SAFT)

American Century Companies Inc. lowered its stake in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) by 15.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 66,464 shares of the insurance provider’s stock after selling 11,835 shares during the period. American Century Companies Inc. owned about 0.45% of Safety Insurance Group worth $4,987,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of SAFT. Illinois Municipal Retirement Fund lifted its holdings in Safety Insurance Group by 1.8% in the 1st quarter. Illinois Municipal Retirement Fund now owns 8,526 shares of the insurance provider’s stock valued at $701,000 after purchasing an additional 154 shares in the last quarter. Texas Permanent School Fund Corp lifted its stake in shares of Safety Insurance Group by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 12,946 shares of the insurance provider’s stock worth $1,064,000 after buying an additional 168 shares in the last quarter. ProShare Advisors LLC boosted its position in Safety Insurance Group by 7.3% during the first quarter. ProShare Advisors LLC now owns 2,905 shares of the insurance provider’s stock worth $239,000 after acquiring an additional 198 shares during the last quarter. Louisiana State Employees Retirement System grew its stake in Safety Insurance Group by 2.7% during the 2nd quarter. Louisiana State Employees Retirement System now owns 7,500 shares of the insurance provider’s stock valued at $563,000 after acquiring an additional 200 shares in the last quarter. Finally, Bessemer Group Inc. raised its holdings in Safety Insurance Group by 458.9% in the 1st quarter. Bessemer Group Inc. now owns 313 shares of the insurance provider’s stock valued at $26,000 after acquiring an additional 257 shares during the last quarter. Institutional investors and hedge funds own 81.04% of the company’s stock.

Safety Insurance Group Stock Down 0.6 %

Shares of SAFT opened at $81.55 on Thursday. Safety Insurance Group, Inc. has a 52-week low of $66.93 and a 52-week high of $89.46. The stock has a fifty day simple moving average of $83.43 and a two-hundred day simple moving average of $80.36. The company has a market capitalization of $1.21 billion, a PE ratio of 23.50 and a beta of 0.17.

Safety Insurance Group (NASDAQ:SAFT) last released its quarterly earnings data on Wednesday, August 7th. The insurance provider reported $1.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.12). Safety Insurance Group had a return on equity of 5.53% and a net margin of 4.96%. The firm had revenue of $269.78 million for the quarter.

Safety Insurance Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 4.41%. The ex-dividend date of this dividend was Tuesday, September 3rd. Safety Insurance Group’s payout ratio is presently 103.75%.

Analyst Ratings Changes

Separately, StockNews.com upgraded Safety Insurance Group from a “hold” rating to a “buy” rating in a research report on Thursday, September 5th.

Insider Activity at Safety Insurance Group

In other Safety Insurance Group news, VP Glenn Hiltpold sold 389 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $84.41, for a total transaction of $32,835.49. Following the completion of the sale, the vice president now owns 11,204 shares of the company’s stock, valued at $945,729.64. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.00% of the stock is currently owned by insiders.

About Safety Insurance Group

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.