Dimensional Fund Advisors LP Purchases 11,146 Shares of Safety Insurance Group, Inc. (NASDAQ:SAFT)

Dimensional Fund Advisors LP grew its stake in Safety Insurance Group, Inc. (NASDAQ:SAFT) by 1.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 756,633 shares of the insurance provider’s stock after buying an additional 11,146 shares during the quarter. Dimensional Fund Advisors LP owned approximately 5.10% of Safety Insurance Group worth $56,770,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Illinois Municipal Retirement Fund increased its position in Safety Insurance Group by 1.8% in the first quarter. Illinois Municipal Retirement Fund now owns 8,526 shares of the insurance provider’s stock worth $701,000 after buying an additional 154 shares in the last quarter. Texas Permanent School Fund Corp increased its position in Safety Insurance Group by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 12,946 shares of the insurance provider’s stock worth $1,064,000 after buying an additional 168 shares in the last quarter. ProShare Advisors LLC increased its position in Safety Insurance Group by 7.3% in the first quarter. ProShare Advisors LLC now owns 2,905 shares of the insurance provider’s stock worth $239,000 after buying an additional 198 shares in the last quarter. Louisiana State Employees Retirement System increased its position in Safety Insurance Group by 2.7% in the second quarter. Louisiana State Employees Retirement System now owns 7,500 shares of the insurance provider’s stock worth $563,000 after buying an additional 200 shares in the last quarter. Finally, Bessemer Group Inc. increased its position in Safety Insurance Group by 458.9% in the first quarter. Bessemer Group Inc. now owns 313 shares of the insurance provider’s stock worth $26,000 after buying an additional 257 shares in the last quarter. Hedge funds and other institutional investors own 81.04% of the company’s stock.

Insider Activity at Safety Insurance Group

In related news, VP Glenn Hiltpold sold 389 shares of the business’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $84.41, for a total transaction of $32,835.49. Following the completion of the transaction, the vice president now owns 11,204 shares in the company, valued at approximately $945,729.64. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold a total of 915 shares of company stock worth $75,125 in the last quarter. 2.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

Safety Insurance Group Price Performance

NASDAQ SAFT opened at $82.05 on Friday. Safety Insurance Group, Inc. has a 1-year low of $66.93 and a 1-year high of $89.46. The business has a 50 day simple moving average of $83.31 and a two-hundred day simple moving average of $80.40. The stock has a market capitalization of $1.22 billion, a PE ratio of 23.65 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 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.12). Safety Insurance Group had a return on equity of 5.53% and a net margin of 4.96%. The firm 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. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.39%. The ex-dividend date was Tuesday, September 3rd. Safety Insurance Group’s dividend payout ratio (DPR) is 103.75%.

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.