Safety Insurance Group, Inc. (NASDAQ:SAFT) Shares Bought by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System increased its stake in Safety Insurance Group, Inc. (NASDAQ:SAFT) by 2.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,500 shares of the insurance provider’s stock after purchasing an additional 200 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Safety Insurance Group were worth $563,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of SAFT. Vanguard Group Inc. raised its position in shares of Safety Insurance Group by 3.3% during the 1st quarter. Vanguard Group Inc. now owns 1,695,813 shares of the insurance provider’s stock worth $139,379,000 after buying an additional 54,441 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Safety Insurance Group by 1.6% during the fourth quarter. Victory Capital Management Inc. now owns 1,174,371 shares of the insurance provider’s stock valued at $89,240,000 after acquiring an additional 19,004 shares during the period. TimesSquare Capital Management LLC raised its holdings in Safety Insurance Group by 101.7% during the first quarter. TimesSquare Capital Management LLC now owns 405,118 shares of the insurance provider’s stock worth $33,297,000 after purchasing an additional 204,218 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Safety Insurance Group by 4.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 216,496 shares of the insurance provider’s stock worth $16,452,000 after purchasing an additional 9,803 shares during the period. Finally, Hsbc Holdings PLC lifted its position in Safety Insurance Group by 1,429.7% in the fourth quarter. Hsbc Holdings PLC now owns 71,361 shares of the insurance provider’s stock worth $5,402,000 after purchasing an additional 66,696 shares during the period. Institutional investors and hedge funds own 81.04% of the company’s stock.

Insider Buying and Selling at Safety Insurance Group

In other news, VP Glenn Hiltpold sold 338 shares of the firm’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $76.75, for a total transaction of $25,941.50. Following the completion of the sale, the vice president now directly owns 11,593 shares of the company’s stock, valued at approximately $889,762.75. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Safety Insurance Group from a “buy” rating to a “hold” rating in a research report on Thursday, August 8th.

Safety Insurance Group Stock Down 0.3 %

NASDAQ:SAFT opened at $88.55 on Friday. The business’s 50-day moving average price is $81.23 and its 200 day moving average price is $80.42. Safety Insurance Group, Inc. has a 52-week low of $65.78 and a 52-week high of $89.46. The firm has a market cap of $1.31 billion, a P/E ratio of 25.52 and a beta of 0.17.

Safety Insurance Group (NASDAQ:SAFT) last posted its quarterly earnings data on Wednesday, August 7th. The insurance provider reported $1.18 earnings per share for the quarter, missing the consensus estimate of $1.30 by ($0.12). Safety Insurance Group had a net margin of 4.96% and a return on equity of 5.53%. The business had revenue of $269.78 million for the quarter.

Safety Insurance Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Tuesday, September 3rd will be given a $0.90 dividend. The ex-dividend date is Tuesday, September 3rd. This represents a $3.60 annualized dividend and a yield of 4.07%. Safety Insurance Group’s dividend payout ratio (DPR) is 103.75%.

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.