NEXT Financial Group Inc Has $102,000 Stake in Safety Insurance Group, Inc. (SAFT)

NEXT Financial Group Inc continued to hold its position in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,500 shares of the insurance provider’s stock at the end of the second quarter. NEXT Financial Group Inc’s holdings in Safety Insurance Group were worth $102,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. First Manhattan Co. raised its position in shares of Safety Insurance Group by 3.5% in the first quarter. First Manhattan Co. now owns 19,765 shares of the insurance provider’s stock worth $1,328,000 after buying an additional 675 shares during the period. Navellier & Associates Inc raised its position in shares of Safety Insurance Group by 3.6% in the first quarter. Navellier & Associates Inc now owns 6,084 shares of the insurance provider’s stock worth $426,000 after buying an additional 212 shares during the period. State of Alaska Department of Revenue raised its position in shares of Safety Insurance Group by 76.6% in the first quarter. State of Alaska Department of Revenue now owns 2,720 shares of the insurance provider’s stock worth $190,000 after buying an additional 1,180 shares during the period. Nisa Investment Advisors LLC raised its position in shares of Safety Insurance Group by 7.0% in the first quarter. Nisa Investment Advisors LLC now owns 13,800 shares of the insurance provider’s stock worth $967,000 after buying an additional 900 shares during the period. Finally, Louisiana State Employees Retirement System raised its position in shares of Safety Insurance Group by 1.8% in the first quarter. Louisiana State Employees Retirement System now owns 5,800 shares of the insurance provider’s stock worth $407,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 79.47% of the company’s stock.

Safety Insurance Group, Inc. (NASDAQ SAFT) traded down 0.35% on Friday, reaching $70.70. The company had a trading volume of 46,871 shares. The company’s 50 day moving average price is $69.81 and its 200-day moving average price is $69.91. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 16.83 and a beta of 0.77. Safety Insurance Group, Inc. has a 12 month low of $64.86 and a 12 month high of $75.05.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 4.53%. The ex-dividend date of this dividend is Wednesday, August 30th. This is a positive change from Safety Insurance Group’s previous quarterly dividend of $0.70. Safety Insurance Group’s dividend payout ratio (DPR) is 66.67%.

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Separately, BidaskClub raised Safety Insurance Group from a “sell” rating to a “hold” rating in a report on Saturday, June 10th.

Safety Insurance Group Company Profile

Safety Insurance Group, Inc is a provider of private passenger automobile insurance. The Company offers a portfolio of property and casualty insurance products. The Company is engaged in property and casualty insurance operations. The Company’s product line includes private passenger automobile, commercial automobile, homeowners, business owners’ policies, personal umbrella, dwelling fire, commercial umbrella, inland marine and watercraft.

Institutional Ownership by Quarter for Safety Insurance Group (NASDAQ:SAFT)

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