US Bancorp DE Has $321,000 Position in Safety Insurance Group, Inc. (SAFT)

US Bancorp DE held its position in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,694 shares of the insurance provider’s stock at the close of the second quarter. US Bancorp DE’s holdings in Safety Insurance Group were worth $321,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in SAFT. Teachers Advisors LLC raised its stake in shares of Safety Insurance Group by 1.5% during the fourth quarter. Teachers Advisors LLC now owns 23,505 shares of the insurance provider’s stock valued at $1,732,000 after acquiring an additional 338 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in Safety Insurance Group by 1.8% during 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 last quarter. Nisa Investment Advisors LLC raised its stake in Safety Insurance Group by 7.0% during 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 last quarter. State of Alaska Department of Revenue raised its stake in Safety Insurance Group by 76.6% during 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 last quarter. Finally, Navellier & Associates Inc increased its stake in Safety Insurance Group by 3.6% in the first quarter. Navellier & Associates Inc now owns 6,084 shares of the insurance provider’s stock valued at $426,000 after purchasing an additional 212 shares in the last quarter. 78.85% of the stock is owned by hedge funds and other institutional investors.

Separately, BidaskClub raised shares of Safety Insurance Group from a “sell” rating to a “hold” rating in a research note on Friday, June 30th.

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Safety Insurance Group, Inc. (NASDAQ:SAFT) traded down 2.33% on Tuesday, reaching $69.30. 68,344 shares of the company traded hands. The company has a market capitalization of $1.05 billion, a PE ratio of 16.50 and a beta of 0.76. The stock’s 50 day moving average price is $71.13 and its 200 day moving average price is $69.72. Safety Insurance Group, Inc. has a one year low of $65.23 and a one year high of $75.05.

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 $0.80 dividend. This is an increase from Safety Insurance Group’s previous quarterly dividend of $0.70. This represents a $3.20 annualized dividend and a yield of 4.62%. The ex-dividend date of this dividend is Wednesday, August 30th. Safety Insurance Group’s dividend payout ratio is currently 76.19%.

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.

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

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