State Street Corp increased its stake in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT – Free Report) by 0.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 589,457 shares of the insurance provider’s stock after acquiring an additional 2,682 shares during the period. State Street Corp owned about 3.97% of Safety Insurance Group worth $48,206,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. TimesSquare Capital Management LLC grew its stake in shares of Safety Insurance Group by 12.6% during the 3rd quarter. TimesSquare Capital Management LLC now owns 512,888 shares of the insurance provider’s stock worth $41,944,000 after purchasing an additional 57,320 shares during the period. Creative Planning acquired a new stake in Safety Insurance Group during the third quarter valued at $299,000. International Assets Investment Management LLC increased its holdings in Safety Insurance Group by 8,078.0% in the third quarter. International Assets Investment Management LLC now owns 16,356 shares of the insurance provider’s stock valued at $1,338,000 after buying an additional 16,156 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Safety Insurance Group in the third quarter worth about $213,000. Finally, Dimensional Fund Advisors LP raised its position in shares of Safety Insurance Group by 1.5% in the second quarter. Dimensional Fund Advisors LP now owns 756,633 shares of the insurance provider’s stock worth $56,770,000 after acquiring an additional 11,146 shares during the period. 81.04% of the stock is currently owned by hedge funds and other institutional investors.
Safety Insurance Group Price Performance
Safety Insurance Group stock opened at $82.10 on Friday. Safety Insurance Group, Inc. has a 12 month low of $71.99 and a 12 month high of $90.00. The stock has a market capitalization of $1.22 billion, a PE ratio of 16.26 and a beta of 0.19. The business has a 50 day simple moving average of $83.40 and a 200-day simple moving average of $81.65.
Safety Insurance Group Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, December 2nd were paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 4.38%. The ex-dividend date of this dividend was Monday, December 2nd. Safety Insurance Group’s dividend payout ratio is presently 71.29%.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded Safety Insurance Group from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th.
Read Our Latest Report on SAFT
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.
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