Inspire Investing LLC Boosts Stock Position in Safety Insurance Group, Inc. (NASDAQ:SAFT)

Inspire Investing LLC grew its holdings in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) by 8.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,045 shares of the insurance provider’s stock after buying an additional 387 shares during the period. Inspire Investing LLC’s holdings in Safety Insurance Group were worth $413,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in SAFT. Vanguard Group Inc. raised its position in shares of Safety Insurance Group by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 1,641,372 shares of the insurance provider’s stock worth $124,728,000 after acquiring an additional 16,684 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Safety Insurance Group by 4.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 15,562 shares of the insurance provider’s stock worth $1,279,000 after buying an additional 620 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Safety Insurance Group by 74.8% in the 1st quarter. BNP Paribas Financial Markets now owns 7,164 shares of the insurance provider’s stock valued at $589,000 after buying an additional 3,066 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Safety Insurance Group by 18.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 4,019 shares of the insurance provider’s stock valued at $330,000 after buying an additional 619 shares in the last quarter. Finally, Mutual of America Capital Management LLC purchased a new position in shares of Safety Insurance Group in the 1st quarter valued at $210,000. 81.04% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Safety Insurance Group news, VP Glenn Hiltpold sold 389 shares of the stock in a transaction that occurred 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 sale, the vice president now directly owns 11,204 shares of the company’s stock, valued at approximately $945,729.64. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 915 shares of company stock valued at $75,125 over the last quarter. 2.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

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

Safety Insurance Group Stock Up 3.2 %

NASDAQ:SAFT opened at $83.87 on Thursday. Safety Insurance Group, Inc. has a 52-week low of $71.99 and a 52-week high of $89.46. The stock’s 50 day moving average price is $82.58 and its 200 day moving average price is $80.39. The company has a market capitalization of $1.24 billion, a PE ratio of 24.17 and a beta of 0.16.

Safety Insurance Group (NASDAQ:SAFT) last announced its earnings results on Wednesday, August 7th. The insurance provider reported $1.18 EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $269.78 million during the quarter.

Safety Insurance Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Tuesday, September 3rd were paid a dividend of $0.90 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $3.60 annualized dividend and a dividend yield of 4.29%. Safety Insurance Group’s dividend payout ratio (DPR) is 103.75%.

Safety Insurance Group 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.