SG Americas Securities LLC Makes New Investment in Safety Insurance Group, Inc. (NASDAQ:SAFT)

SG Americas Securities LLC purchased a new stake in Safety Insurance Group, Inc. (NASDAQ:SAFT) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 4,456 shares of the insurance provider’s stock, valued at approximately $364,000.

A number of other hedge funds have also modified their holdings of SAFT. Bessemer Group Inc. increased 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 purchasing an additional 257 shares in the last quarter. Mutual of America Capital Management LLC bought a new stake in shares of Safety Insurance Group in the 1st quarter valued at $210,000. ProShare Advisors LLC increased its position in shares of 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 buying an additional 198 shares in the last quarter. UniSuper Management Pty Ltd acquired a new stake in Safety Insurance Group during the 1st quarter worth $288,000. Finally, Janney Montgomery Scott LLC lifted its holdings 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 acquiring an additional 619 shares in the last quarter. 81.04% of the stock is currently owned by institutional investors and hedge funds.

Safety Insurance Group Stock Performance

Shares of SAFT stock opened at $84.26 on Friday. Safety Insurance Group, Inc. has a 52 week low of $71.99 and a 52 week high of $89.46. The company’s 50 day moving average price is $82.76 and its two-hundred day moving average price is $80.44. The company has a market capitalization of $1.25 billion, a P/E ratio of 24.42 and a beta of 0.16.

Safety Insurance Group (NASDAQ:SAFT) last issued its quarterly earnings data on Wednesday, August 7th. The insurance provider reported $1.18 EPS for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.12). The company had revenue of $269.78 million for the quarter. Safety Insurance Group had a return on equity of 5.53% and a net margin of 4.96%.

Safety Insurance Group Announces Dividend

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

Insider Transactions at Safety Insurance Group

In other Safety Insurance Group news, VP Glenn Hiltpold sold 389 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $84.41, for a total value of $32,835.49. Following the sale, the vice president now owns 11,204 shares in the company, valued at approximately $945,729.64. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold 915 shares of company stock valued at $75,125 over the last three months. Company insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.