Safety Insurance Group, Inc. $SAFT Shares Acquired by Creative Planning

Creative Planning lifted its holdings in Safety Insurance Group, Inc. (NASDAQ:SAFT) by 289.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,956 shares of the insurance provider’s stock after purchasing an additional 13,342 shares during the quarter. Creative Planning owned about 0.12% of Safety Insurance Group worth $1,426,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SAFT. Capital Advisors Ltd. LLC increased its position in Safety Insurance Group by 15,950.0% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 321 shares of the insurance provider’s stock valued at $25,000 after buying an additional 319 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Safety Insurance Group by 50.6% during the second quarter. GAMMA Investing LLC now owns 1,221 shares of the insurance provider’s stock worth $97,000 after acquiring an additional 410 shares during the last quarter. Corton Capital Inc. acquired a new position in shares of Safety Insurance Group during the second quarter valued at about $246,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Safety Insurance Group by 7.7% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 3,824 shares of the insurance provider’s stock valued at $304,000 after purchasing an additional 273 shares during the last quarter. Finally, Ballentine Partners LLC purchased a new position in shares of Safety Insurance Group in the 2nd quarter valued at approximately $306,000. 81.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Safety Insurance Group in a research report on Wednesday, October 8th. Wall Street Zen downgraded shares of Safety Insurance Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Safety Insurance Group currently has a consensus rating of “Hold”.

Insiders Place Their Bets

In related news, Director Dennis J. Langwell purchased 2,000 shares of Safety Insurance Group stock in a transaction that occurred on Friday, September 5th. The stock was bought at an average cost 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 in the company, valued at $579,120. The trade was a 33.33% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 2.00% of the company’s stock.

Safety Insurance Group Trading Down 1.3%

Shares of Safety Insurance Group stock opened at $76.02 on Friday. The stock has a market cap of $1.13 billion, a PE ratio of 13.31 and a beta of 0.26. The firm has a fifty day moving average price of $72.06 and a 200 day moving average price of $74.45. Safety Insurance Group, Inc. has a 1 year low of $67.04 and a 1 year high of $89.33. 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 quarterly earnings results on Monday, November 3rd. The insurance provider reported $1.48 EPS for the quarter, missing the consensus estimate of $1.80 by ($0.32). The business had revenue of $323.21 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 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be issued a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend is Monday, December 1st. Safety Insurance Group’s dividend payout ratio (DPR) is 62.48%.

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.