Safety Insurance Group, Inc. $SAFT Shares Acquired by Russell Investments Group Ltd.

Russell Investments Group Ltd. grew its stake in Safety Insurance Group, Inc. (NASDAQ:SAFT) by 3.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,290 shares of the insurance provider’s stock after purchasing an additional 448 shares during the period. Russell Investments Group Ltd. owned approximately 0.08% of Safety Insurance Group worth $969,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Parallel Advisors LLC increased its holdings in shares of Safety Insurance Group by 169.9% in the first quarter. Parallel Advisors LLC now owns 448 shares of the insurance provider’s stock valued at $35,000 after purchasing an additional 282 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Safety Insurance Group by 4.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,345 shares of the insurance provider’s stock valued at $688,000 after purchasing an additional 318 shares during the period. GAMMA Investing LLC increased its holdings in shares of Safety Insurance Group by 67.9% in the first quarter. GAMMA Investing LLC now owns 811 shares of the insurance provider’s stock valued at $64,000 after purchasing an additional 328 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Safety Insurance Group in the fourth quarter valued at approximately $34,000. Finally, MetLife Investment Management LLC grew its holdings in Safety Insurance Group by 5.5% during the fourth quarter. MetLife Investment Management LLC now owns 8,832 shares of the insurance provider’s stock worth $728,000 after acquiring an additional 463 shares during the period. Institutional investors and hedge funds own 81.04% of the company’s stock.

Safety Insurance Group Trading Up 0.4%

Shares of SAFT stock opened at $74.01 on Friday. The business’s fifty day moving average price is $73.63 and its 200 day moving average price is $76.71. Safety Insurance Group, Inc. has a 1-year low of $68.76 and a 1-year high of $90.00. The firm has a market capitalization of $1.10 billion, a PE ratio of 12.96 and a beta of 0.26. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.42 and a quick ratio of 0.42.

Safety Insurance Group (NASDAQ:SAFT) last posted its earnings results on Wednesday, August 6th. The insurance provider reported $1.45 earnings per share for the quarter, missing the consensus estimate of $1.60 by ($0.15). The firm had revenue of $345.83 million during the quarter. Safety Insurance Group had a net margin of 7.07% and a return on equity of 8.34%.

Safety Insurance Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd will be issued a $0.92 dividend. This represents a $3.68 annualized dividend and a yield of 5.0%. This is a positive change from Safety Insurance Group’s previous quarterly dividend of $0.90. The ex-dividend date of this dividend is Tuesday, September 2nd. Safety Insurance Group’s dividend payout ratio is currently 63.05%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered Safety Insurance Group from a “buy” rating to a “hold” rating in a report on Saturday, August 9th.

Insiders Place Their Bets

In other news, Director Dennis J. Langwell bought 2,000 shares of the stock in a transaction on Monday, August 11th. The shares were bought at an average price of $71.49 per share, with a total value of $142,980.00. Following the completion of the acquisition, the director owned 6,000 shares of the company’s stock, valued at approximately $428,940. This trade represents a 50.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.00% of the company’s stock.

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.