Legal & General Group Plc increased its position in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) by 0.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,322 shares of the insurance provider’s stock after buying an additional 186 shares during the period. Legal & General Group Plc owned about 0.17% of Safety Insurance Group worth $1,774,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. Russell Investments Group Ltd. bought a new stake in shares of Safety Insurance Group during the fourth quarter worth about $865,000. Comerica Bank increased its stake in shares of Safety Insurance Group by 5.9% in the fourth quarter. Comerica Bank now owns 15,156 shares of the insurance provider’s stock worth $1,094,000 after buying an additional 842 shares in the last quarter. State Street Corp increased its stake in Safety Insurance Group by 14.7% in the fourth quarter. State Street Corp now owns 349,106 shares of the insurance provider’s stock worth $25,730,000 after buying an additional 44,795 shares during the period. Guggenheim Capital LLC increased its stake in Safety Insurance Group by 188.5% in the fourth quarter. Guggenheim Capital LLC now owns 18,101 shares of the insurance provider’s stock worth $1,334,000 after buying an additional 11,826 shares during the period. Finally, AQR Capital Management LLC increased its stake in Safety Insurance Group by 11.8% in the fourth quarter. AQR Capital Management LLC now owns 22,927 shares of the insurance provider’s stock worth $1,690,000 after buying an additional 2,420 shares during the period. Institutional investors own 79.03% of the company’s stock.
Safety Insurance Group, Inc. (NASDAQ:SAFT) traded down 0.70% during trading on Tuesday, hitting $71.00. 22,298 shares of the company were exchanged. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 16.90 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 stock’s 50-day moving average is $70.01 and its 200-day moving average is $69.84.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be paid a dividend of $0.80 per share. The ex-dividend date is Wednesday, August 30th. This is a boost from Safety Insurance Group’s previous quarterly dividend of $0.70. This represents a $3.20 annualized dividend and a yield of 4.51%. Safety Insurance Group’s dividend payout ratio (DPR) is 66.67%.
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Separately, BidaskClub upgraded shares of Safety Insurance Group from a “sell” rating to a “hold” rating in a report on Friday, June 30th.
About Safety Insurance Group
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.
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