Safety Insurance Group, Inc. (NASDAQ:SAFT) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lowered its stake in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) by 4.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 69,930 shares of the insurance provider’s stock after selling 3,243 shares during the period. Principal Financial Group Inc.’s holdings in Safety Insurance Group were worth $5,719,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in SAFT. Robeco Institutional Asset Management B.V. acquired a new position in shares of Safety Insurance Group during the 3rd quarter valued at about $202,000. Dynamic Technology Lab Private Ltd acquired a new position in Safety Insurance Group in the 3rd quarter valued at about $213,000. Everence Capital Management Inc. purchased a new stake in shares of Safety Insurance Group in the 3rd quarter valued at approximately $267,000. XTX Topco Ltd acquired a new stake in shares of Safety Insurance Group during the 3rd quarter worth approximately $283,000. Finally, Creative Planning purchased a new stake in shares of Safety Insurance Group during the 3rd quarter valued at approximately $299,000. 81.04% of the stock is currently owned by hedge funds and other institutional investors.

Safety Insurance Group Trading Up 0.3 %

Shares of SAFT opened at $82.40 on Thursday. The company’s 50-day moving average price is $83.42 and its 200 day moving average price is $82.07. Safety Insurance Group, Inc. has a 12-month low of $71.99 and a 12-month high of $90.00. The firm has a market cap of $1.22 billion, a P/E ratio of 16.32 and a beta of 0.19.

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

Safety Insurance Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, December 2nd were paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 4.37%. The ex-dividend date was Monday, December 2nd. Safety Insurance Group’s dividend payout ratio (DPR) is 71.29%.

Wall Street Analysts Forecast Growth

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

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.