State of Alaska Department of Revenue Sells 245 Shares of Safety Insurance Group, Inc. (NASDAQ:SAFT)

State of Alaska Department of Revenue lessened its position in Safety Insurance Group, Inc. (NASDAQ:SAFT) by 2.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,467 shares of the insurance provider’s stock after selling 245 shares during the period. State of Alaska Department of Revenue owned 0.06% of Safety Insurance Group worth $692,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in SAFT. International Assets Investment Management LLC boosted its stake in shares of Safety Insurance Group by 8,078.0% during the 3rd quarter. International Assets Investment Management LLC now owns 16,356 shares of the insurance provider’s stock valued at $1,338,000 after purchasing an additional 16,156 shares in the last quarter. Everence Capital Management Inc. bought a new stake in shares of Safety Insurance Group during the 3rd quarter valued at about $267,000. Mitsubishi UFJ Asset Management UK Ltd. boosted its stake in shares of Safety Insurance Group by 17.4% during the 3rd quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 13,500 shares of the insurance provider’s stock valued at $1,104,000 after purchasing an additional 2,000 shares in the last quarter. Creative Planning bought a new stake in shares of Safety Insurance Group during the 3rd quarter valued at about $299,000. Finally, Exchange Traded Concepts LLC boosted its stake in shares of Safety Insurance Group by 4.9% during the 3rd quarter. Exchange Traded Concepts LLC now owns 20,291 shares of the insurance provider’s stock valued at $1,659,000 after purchasing an additional 942 shares in the last quarter. Institutional investors own 81.04% of the company’s stock.

Insiders Place Their Bets

In other Safety Insurance Group news, VP Glenn Hiltpold sold 389 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $84.41, for a total value of $32,835.49. Following the sale, the vice president now owns 11,204 shares in the company, valued at approximately $945,729.64. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last quarter, insiders have sold 915 shares of company stock worth $75,125. 2.00% of the stock is currently owned by company insiders.

Safety Insurance Group Price Performance

NASDAQ:SAFT opened at $88.30 on Thursday. The firm has a market capitalization of $1.31 billion, a P/E ratio of 25.59 and a beta of 0.17. Safety Insurance Group, Inc. has a one year low of $71.99 and a one year high of $90.00. The company’s 50-day simple moving average is $82.00 and its 200 day simple moving average is $80.54.

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

Safety Insurance Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, December 2nd will be issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 4.08%. Safety Insurance Group’s dividend payout ratio (DPR) is presently 104.35%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Safety Insurance Group from a “buy” rating to a “hold” rating in a research note on Wednesday.

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.