Janney Montgomery Scott LLC Has $248,000 Stock Holdings in Safety Insurance Group, Inc. $SAFT

Janney Montgomery Scott LLC decreased its holdings in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) by 22.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,118 shares of the insurance provider’s stock after selling 922 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Safety Insurance Group were worth $248,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. GAMMA Investing LLC lifted its holdings in shares of Safety Insurance Group by 67.9% during the first quarter. GAMMA Investing LLC now owns 811 shares of the insurance provider’s stock worth $64,000 after buying an additional 328 shares in the last quarter. Ballentine Partners LLC acquired a new stake in shares of Safety Insurance Group during the second quarter worth $306,000. CenterBook Partners LP acquired a new stake in shares of Safety Insurance Group during the first quarter worth $332,000. Ieq Capital LLC lifted its holdings in shares of Safety Insurance Group by 35.3% during the first quarter. Ieq Capital LLC now owns 4,586 shares of the insurance provider’s stock worth $362,000 after buying an additional 1,196 shares in the last quarter. Finally, Diversified Trust Co acquired a new stake in shares of Safety Insurance Group during the first quarter worth $430,000. Institutional investors and hedge funds own 81.04% of the company’s stock.

Insider Activity at Safety Insurance Group

In related news, Director Dennis J. Langwell purchased 2,000 shares of the firm’s stock in a transaction that occurred on Friday, September 5th. The shares were bought at an average price of $72.39 per share, for a total transaction of $144,780.00. Following the completion of the transaction, the director owned 8,000 shares of the company’s stock, valued at approximately $579,120. This trade represents a 33.33% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders acquired a total of 4,055 shares of company stock valued at $291,705 in the last quarter. 2.00% of the stock is currently owned by company insiders.

Safety Insurance Group Stock Up 0.3%

Shares of NASDAQ SAFT opened at $69.73 on Tuesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.42 and a current ratio of 0.42. Safety Insurance Group, Inc. has a 52 week low of $68.10 and a 52 week high of $90.00. The stock has a market capitalization of $1.04 billion, a P/E ratio of 12.21 and a beta of 0.26. The stock’s fifty day moving average is $72.05 and its 200 day moving average is $75.13.

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

Safety Insurance Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Tuesday, September 2nd were given a $0.92 dividend. The ex-dividend date was Tuesday, September 2nd. This is an increase from Safety Insurance Group’s previous quarterly dividend of $0.90. This represents a $3.68 dividend on an annualized basis and a dividend yield of 5.3%. Safety Insurance Group’s dividend payout ratio (DPR) is 64.45%.

Analyst Upgrades and Downgrades

SAFT has been the subject of a number of research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Safety Insurance Group in a report on Wednesday, October 8th. Wall Street Zen downgraded Safety Insurance Group from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Safety Insurance Group presently has an average rating of “Hold”.

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.