Safety Insurance Group, Inc. (NASDAQ:SAFT) Stock Position Decreased by Kayne Anderson Rudnick Investment Management LLC

Kayne Anderson Rudnick Investment Management LLC lessened its position in Safety Insurance Group, Inc. (NASDAQ:SAFT) by 2.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 105,177 shares of the insurance provider’s stock after selling 2,204 shares during the period. Kayne Anderson Rudnick Investment Management LLC owned approximately 0.71% of Safety Insurance Group worth $7,891,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in SAFT. Illinois Municipal Retirement Fund grew its holdings in shares of Safety Insurance Group by 1.8% during the 1st quarter. Illinois Municipal Retirement Fund now owns 8,526 shares of the insurance provider’s stock valued at $701,000 after acquiring an additional 154 shares in the last quarter. Texas Permanent School Fund Corp raised its stake in Safety Insurance Group by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 12,946 shares of the insurance provider’s stock worth $1,064,000 after acquiring an additional 168 shares in the last quarter. ProShare Advisors LLC lifted its holdings in Safety Insurance Group by 7.3% during the 1st quarter. ProShare Advisors LLC now owns 2,905 shares of the insurance provider’s stock valued at $239,000 after purchasing an additional 198 shares during the last quarter. Louisiana State Employees Retirement System grew its position in Safety Insurance Group by 2.7% during the 2nd quarter. Louisiana State Employees Retirement System now owns 7,500 shares of the insurance provider’s stock worth $563,000 after acquiring an additional 200 shares during the last quarter. Finally, Bessemer Group Inc. increased its stake in shares of Safety Insurance Group by 458.9% in the first quarter. Bessemer Group Inc. now owns 313 shares of the insurance provider’s stock valued at $26,000 after buying an additional 257 shares in the last quarter. Institutional investors and hedge funds own 81.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Safety Insurance Group from a “hold” rating to a “buy” rating in a research note on Thursday, September 5th.

Insider Activity at Safety Insurance Group

In other Safety Insurance Group news, VP Glenn Hiltpold sold 389 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $84.41, for a total transaction of $32,835.49. Following the sale, the vice president now directly owns 11,204 shares of the company’s stock, valued at approximately $945,729.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.00% of the stock is owned by insiders.

Safety Insurance Group Stock Performance

Shares of Safety Insurance Group stock opened at $81.08 on Monday. The business’s 50 day simple moving average is $83.51 and its 200 day simple moving average is $80.30. Safety Insurance Group, Inc. has a 52-week low of $66.93 and a 52-week high of $89.46. The firm has a market cap of $1.20 billion, a PE ratio of 23.37 and a beta of 0.17.

Safety Insurance Group (NASDAQ:SAFT) last released its quarterly earnings data on Wednesday, August 7th. The insurance provider reported $1.18 EPS for the quarter, missing the consensus estimate of $1.30 by ($0.12). Safety Insurance Group had a net margin of 4.96% and a return on equity of 5.53%. The company had revenue of $269.78 million during the quarter.

Safety Insurance Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Tuesday, September 3rd were issued a $0.90 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.44%. Safety Insurance Group’s dividend payout ratio (DPR) is currently 103.75%.

Safety Insurance Group Company Profile

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.