Safety Insurance Group, Inc. (NASDAQ:SAFT) Stake Lowered by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its stake in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) by 15.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 31,881 shares of the insurance provider’s stock after selling 5,993 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Safety Insurance Group were worth $2,607,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in SAFT. Robeco Institutional Asset Management B.V. acquired a new stake in Safety Insurance Group in the third quarter worth $202,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Safety Insurance Group during the third quarter worth about $213,000. Everence Capital Management Inc. acquired a new stake in shares of Safety Insurance Group in the 3rd quarter worth about $267,000. Creative Planning bought a new stake in Safety Insurance Group in the 3rd quarter valued at about $299,000. Finally, Inspire Investing LLC lifted its position in Safety Insurance Group by 7.4% in the 2nd quarter. Inspire Investing LLC now owns 4,658 shares of the insurance provider’s stock valued at $349,000 after purchasing an additional 319 shares during the last quarter. Institutional investors own 81.04% of the company’s stock.

Safety Insurance Group Price Performance

Shares of Safety Insurance Group stock opened at $83.71 on Friday. Safety Insurance Group, Inc. has a 1-year low of $71.99 and a 1-year high of $90.00. The business’s fifty day moving average price is $83.18 and its two-hundred day moving average price is $81.53. The company has a market capitalization of $1.24 billion, a P/E ratio of 16.58 and a beta of 0.19.

Safety Insurance Group (NASDAQ:SAFT) last issued its quarterly earnings data on Tuesday, November 5th. The insurance provider reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.30). The company had revenue of $295.28 million for the quarter. Safety Insurance Group had a net margin of 6.86% and a return on equity of 6.35%.

Safety Insurance Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, December 2nd were paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date of this dividend was Monday, December 2nd. Safety Insurance Group’s dividend payout ratio is currently 71.29%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Safety Insurance Group from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th.

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.