SG Americas Securities LLC Takes $364,000 Position in Safety Insurance Group, Inc. (NASDAQ:SAFT)

SG Americas Securities LLC bought a new stake in Safety Insurance Group, Inc. (NASDAQ:SAFT) in the 3rd quarter, Holdings Channel.com reports. The firm bought 4,456 shares of the insurance provider’s stock, valued at approximately $364,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Bessemer Group Inc. raised its stake in 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 during the period. Mutual of America Capital Management LLC acquired a new position in shares of Safety Insurance Group during the 1st quarter worth approximately $210,000. ProShare Advisors LLC raised its stake in Safety Insurance Group by 7.3% in the 1st quarter. ProShare Advisors LLC now owns 2,905 shares of the insurance provider’s stock valued at $239,000 after acquiring an additional 198 shares during the period. UniSuper Management Pty Ltd acquired a new stake in Safety Insurance Group during the 1st quarter valued at $288,000. Finally, Janney Montgomery Scott LLC boosted its position in Safety Insurance Group by 18.2% during the first quarter. Janney Montgomery Scott LLC now owns 4,019 shares of the insurance provider’s stock worth $330,000 after purchasing an additional 619 shares during the period. Institutional investors own 81.04% of the company’s stock.

Wall Street Analyst Weigh In

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.

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 shares were sold at an average price of $84.41, for a total value of $32,835.49. Following the completion of the sale, the vice president now owns 11,204 shares of the company’s stock, valued at $945,729.64. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last three months, insiders have sold 915 shares of company stock worth $75,125. Corporate insiders own 2.00% of the company’s stock.

Safety Insurance Group Stock Down 0.0 %

Shares of NASDAQ:SAFT opened at $84.26 on Friday. Safety Insurance Group, Inc. has a 12-month low of $71.99 and a 12-month high of $89.46. The business has a 50 day moving average of $82.76 and a 200-day moving average of $80.44. The stock has a market cap of $1.25 billion, a PE ratio of 24.42 and a beta of 0.16.

Safety Insurance Group (NASDAQ:SAFT) last released its quarterly earnings results on Wednesday, August 7th. The insurance provider reported $1.18 earnings per share for the quarter, missing the consensus estimate 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 for the quarter.

Safety Insurance Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Tuesday, September 3rd were paid a $0.90 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $3.60 annualized dividend and a dividend yield of 4.27%. Safety Insurance Group’s dividend payout ratio (DPR) is presently 104.35%.

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.