Safety Insurance Group, Inc. (NASDAQ:SAFT) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets trimmed its holdings in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) by 9.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,364 shares of the insurance provider’s stock after selling 357 shares during the period. BNP Paribas Financial Markets’ holdings in Safety Insurance Group were worth $275,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of SAFT. Dimensional Fund Advisors LP boosted its holdings in Safety Insurance Group by 1.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 756,633 shares of the insurance provider’s stock worth $56,770,000 after acquiring an additional 11,146 shares during the period. TimesSquare Capital Management LLC increased its stake in Safety Insurance Group by 12.6% during the 3rd quarter. TimesSquare Capital Management LLC now owns 512,888 shares of the insurance provider’s stock worth $41,944,000 after buying an additional 57,320 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Safety Insurance Group by 1.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 233,023 shares of the insurance provider’s stock worth $19,057,000 after buying an additional 4,263 shares in the last quarter. Silver Lake Advisory LLC boosted its position in Safety Insurance Group by 1.8% in the 2nd quarter. Silver Lake Advisory LLC now owns 41,658 shares of the insurance provider’s stock valued at $3,126,000 after buying an additional 752 shares during the last quarter. Finally, Public Sector Pension Investment Board grew its stake in shares of Safety Insurance Group by 7.8% during the second quarter. Public Sector Pension Investment Board now owns 32,687 shares of the insurance provider’s stock valued at $2,453,000 after acquiring an additional 2,363 shares in the last quarter. 81.04% of the stock is currently owned by hedge funds and other institutional investors.

Safety Insurance Group Price Performance

Shares of SAFT stock opened at $83.71 on Monday. Safety Insurance Group, Inc. has a 1-year low of $71.99 and a 1-year high of $90.00. The firm has a fifty day moving average of $83.18 and a two-hundred day moving average of $81.53. The firm has a market cap of $1.24 billion, a P/E ratio of 16.58 and a beta of 0.19.

Safety Insurance Group (NASDAQ:SAFT) last issued its quarterly earnings results on Tuesday, November 5th. The insurance provider reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.30). Safety Insurance Group had a net margin of 6.86% and a return on equity of 6.35%. The firm had revenue of $295.28 million during the quarter.

Safety Insurance Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, December 2nd were given a dividend of $0.90 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $3.60 dividend on an annualized basis and a yield of 4.30%. Safety Insurance Group’s dividend payout ratio is currently 71.29%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Safety Insurance Group from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th.

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.