Safety Insurance Group, Inc. (NASDAQ:SAFT) Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC increased its stake in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) by 52.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,137 shares of the insurance provider’s stock after purchasing an additional 6,223 shares during the period. Allspring Global Investments Holdings LLC owned 0.12% of Safety Insurance Group worth $1,431,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of SAFT. Signaturefd LLC boosted its position in Safety Insurance Group by 94.9% during the fourth quarter. Signaturefd LLC now owns 308 shares of the insurance provider’s stock worth $25,000 after acquiring an additional 150 shares during the last quarter. Parallel Advisors LLC boosted its position in Safety Insurance Group by 169.9% during the first quarter. Parallel Advisors LLC now owns 448 shares of the insurance provider’s stock worth $35,000 after acquiring an additional 282 shares during the last quarter. WINTON GROUP Ltd boosted its position in Safety Insurance Group by 2.3% during the fourth quarter. WINTON GROUP Ltd now owns 13,224 shares of the insurance provider’s stock worth $1,090,000 after acquiring an additional 293 shares during the last quarter. Martingale Asset Management L P boosted its position in Safety Insurance Group by 1.7% during the fourth quarter. Martingale Asset Management L P now owns 17,992 shares of the insurance provider’s stock worth $1,483,000 after acquiring an additional 300 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Safety Insurance Group by 4.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,345 shares of the insurance provider’s stock worth $688,000 after acquiring an additional 318 shares during the last quarter. 81.04% of the stock is currently owned by institutional investors and hedge funds.

Safety Insurance Group Stock Down 2.4%

Shares of SAFT opened at $75.65 on Tuesday. The firm has a market cap of $1.13 billion, a PE ratio of 15.47 and a beta of 0.26. The company’s fifty day moving average is $79.62 and its two-hundred day moving average is $78.74. Safety Insurance Group, Inc. has a fifty-two week low of $70.71 and a fifty-two week high of $90.00. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.04.

Safety Insurance Group (NASDAQ:SAFT) last issued its earnings results on Wednesday, May 7th. The insurance provider reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.03. Safety Insurance Group had a net margin of 6.29% and a return on equity of 7.99%. The business had revenue of $298.97 million for the quarter.

Safety Insurance Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, June 2nd were paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.76%. The ex-dividend date was Monday, June 2nd. Safety Insurance Group’s dividend payout ratio is presently 73.62%.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of Safety Insurance Group from a “hold” rating to a “buy” rating in a report on Thursday, May 22nd.

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.