Safety Insurance Group, Inc. (NASDAQ:SAFT) Shares Sold by Silver Lake Advisory LLC

Silver Lake Advisory LLC decreased its holdings in Safety Insurance Group, Inc. (NASDAQ:SAFT) by 1.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 41,731 shares of the insurance provider’s stock after selling 528 shares during the quarter. Safety Insurance Group makes up 1.8% of Silver Lake Advisory LLC’s portfolio, making the stock its 28th biggest position. Silver Lake Advisory LLC owned 0.28% of Safety Insurance Group worth $3,171,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Inspire Investing LLC raised its stake in Safety Insurance Group by 3.2% during the third quarter. Inspire Investing LLC now owns 4,513 shares of the insurance provider’s stock valued at $308,000 after buying an additional 141 shares in the last quarter. Exchange Traded Concepts LLC raised its position in shares of Safety Insurance Group by 0.8% during the 4th quarter. Exchange Traded Concepts LLC now owns 18,647 shares of the insurance provider’s stock worth $1,417,000 after purchasing an additional 148 shares during the period. Swiss National Bank raised its position in shares of Safety Insurance Group by 0.9% during the 3rd quarter. Swiss National Bank now owns 32,700 shares of the insurance provider’s stock worth $2,230,000 after purchasing an additional 300 shares during the period. Teacher Retirement System of Texas raised its position in shares of Safety Insurance Group by 7.5% during the 3rd quarter. Teacher Retirement System of Texas now owns 4,563 shares of the insurance provider’s stock worth $311,000 after purchasing an additional 319 shares during the period. Finally, Keybank National Association OH raised its position in shares of Safety Insurance Group by 7.5% during the 3rd quarter. Keybank National Association OH now owns 6,007 shares of the insurance provider’s stock worth $410,000 after purchasing an additional 420 shares during the period. Institutional investors and hedge funds own 81.04% of the company’s stock.

Wall Street Analyst Weigh In

Separately, TheStreet upgraded Safety Insurance Group from a “c+” rating to a “b” rating in a research report on Tuesday, February 27th.

Insider Activity

In related news, VP Stephen Albert Varga sold 900 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $79.35, for a total transaction of $71,415.00. Following the completion of the sale, the vice president now directly owns 28,465 shares in the company, valued at $2,258,697.75. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.00% of the stock is owned by corporate insiders.

Safety Insurance Group Stock Performance

SAFT stock traded up $0.94 on Thursday, reaching $81.19. The company’s stock had a trading volume of 15,627 shares, compared to its average volume of 54,297. Safety Insurance Group, Inc. has a 52 week low of $65.78 and a 52 week high of $88.72. The company has a market capitalization of $1.20 billion, a P/E ratio of 63.19 and a beta of 0.19. The firm has a fifty day moving average of $80.55 and a two-hundred day moving average of $79.11. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.38 and a quick ratio of 0.38.

Safety Insurance Group (NASDAQ:SAFT) last announced its quarterly earnings data on Tuesday, February 27th. The insurance provider reported $0.30 earnings per share (EPS) for the quarter. The company had revenue of $258.40 million for the quarter. Safety Insurance Group had a net margin of 2.03% and a return on equity of 1.56%.

Safety Insurance Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a dividend of $0.90 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $3.60 annualized dividend and a yield of 4.43%. Safety Insurance Group’s dividend payout ratio (DPR) is presently 283.47%.

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.