Silver Lake Advisory LLC Boosts Stake in Safety Insurance Group, Inc. (NASDAQ:SAFT)

Silver Lake Advisory LLC grew its stake in Safety Insurance Group, Inc. (NASDAQ:SAFT) by 1.8% during the second quarter, HoldingsChannel reports. The fund owned 41,658 shares of the insurance provider’s stock after acquiring an additional 752 shares during the quarter. Silver Lake Advisory LLC’s holdings in Safety Insurance Group were worth $3,126,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in Safety Insurance Group by 3.3% in the first quarter. Vanguard Group Inc. now owns 1,695,813 shares of the insurance provider’s stock valued at $139,379,000 after purchasing an additional 54,441 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Safety Insurance Group by 1.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 756,633 shares of the insurance provider’s stock worth $56,770,000 after buying an additional 11,146 shares during the last quarter. TimesSquare Capital Management LLC raised its stake in shares of Safety Insurance Group by 101.7% during the 1st quarter. TimesSquare Capital Management LLC now owns 405,118 shares of the insurance provider’s stock worth $33,297,000 after acquiring an additional 204,218 shares in the last quarter. Hsbc Holdings PLC lifted its position in Safety Insurance Group by 1,429.7% during the fourth quarter. Hsbc Holdings PLC now owns 71,361 shares of the insurance provider’s stock valued at $5,402,000 after acquiring an additional 66,696 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its stake in Safety Insurance Group by 113.2% in the first quarter. Jacobs Levy Equity Management Inc. now owns 54,929 shares of the insurance provider’s stock valued at $4,515,000 after acquiring an additional 29,167 shares in the last quarter. 81.04% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Safety Insurance Group from a “hold” rating to a “buy” rating in a research report 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 dated Friday, September 6th. The stock was sold at an average price of $84.41, for a total transaction of $32,835.49. Following the sale, 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 can be accessed through the SEC website. Insiders have sold a total of 915 shares of company stock valued at $75,125 in the last ninety days. Company insiders own 2.00% of the company’s stock.

Safety Insurance Group Price Performance

Shares of NASDAQ:SAFT opened at $82.05 on Friday. The business’s 50-day moving average is $83.31 and its 200 day moving average is $80.40. Safety Insurance Group, Inc. has a 1 year low of $66.93 and a 1 year high of $89.46. The firm has a market capitalization of $1.22 billion, a P/E ratio of 23.65 and a beta of 0.17.

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

Safety Insurance Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Tuesday, September 3rd were issued a dividend of $0.90 per share. 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 presently 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.