Stifel Financial Corp Lowers Stock Holdings in Safety Insurance Group, Inc. (NASDAQ:SAFT)

Stifel Financial Corp lessened its stake in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) by 2.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,379 shares of the insurance provider’s stock after selling 210 shares during the quarter. Stifel Financial Corp’s holdings in Safety Insurance Group were worth $603,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Martingale Asset Management L P increased its stake in Safety Insurance Group by 9.3% in the 3rd quarter. Martingale Asset Management L P now owns 17,692 shares of the insurance provider’s stock valued at $1,447,000 after buying an additional 1,512 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Safety Insurance Group in the third quarter valued at about $213,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Safety Insurance Group by 1.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 233,023 shares of the insurance provider’s stock valued at $19,057,000 after acquiring an additional 4,263 shares in the last quarter. Quest Partners LLC acquired a new position in shares of Safety Insurance Group during the third quarter worth about $379,000. Finally, TimesSquare Capital Management LLC raised its holdings in Safety Insurance Group by 12.6% during the third quarter. TimesSquare Capital Management LLC now owns 512,888 shares of the insurance provider’s stock worth $41,944,000 after purchasing an additional 57,320 shares in the last quarter. 81.04% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com raised Safety Insurance Group from a “hold” rating to a “buy” rating in a report on Thursday, November 14th.

Safety Insurance Group Price Performance

Shares of SAFT stock opened at $81.88 on Thursday. The business’s fifty day moving average price is $83.45 and its 200 day moving average price is $81.84. The firm has a market capitalization of $1.21 billion, a PE ratio of 16.21 and a beta of 0.19. Safety Insurance Group, Inc. has a 1-year low of $71.99 and a 1-year high of $90.00.

Safety Insurance Group (NASDAQ:SAFT) last posted its quarterly earnings results on Tuesday, November 5th. The insurance provider reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.30). Safety Insurance Group had a return on equity of 6.35% and a net margin of 6.86%. The company had revenue of $295.28 million for the quarter.

Safety Insurance Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, December 2nd were issued a $0.90 dividend. The ex-dividend date was Monday, December 2nd. This represents a $3.60 dividend on an annualized basis and a yield of 4.40%. Safety Insurance Group’s dividend payout ratio (DPR) is presently 71.29%.

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.