UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Reduces Holdings in Safety Insurance Group, Inc. (NASDAQ:SAFT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) by 15.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,881 shares of the insurance provider’s stock after selling 5,993 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.21% of Safety Insurance Group worth $2,607,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Dynamic Technology Lab Private Ltd acquired a new position in shares of Safety Insurance Group in the third quarter worth about $213,000. Charles Schwab Investment Management Inc. increased its holdings in Safety Insurance Group by 1.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 233,023 shares of the insurance provider’s stock worth $19,057,000 after purchasing an additional 4,263 shares during the last quarter. Quest Partners LLC acquired a new position in shares of Safety Insurance Group in the 3rd quarter valued at approximately $379,000. TimesSquare Capital Management LLC boosted 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 valued at $41,944,000 after buying an additional 57,320 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. acquired a new stake in shares of Safety Insurance Group during the third quarter worth approximately $202,000. 81.04% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Safety Insurance Group Stock Performance

Shares of SAFT stock opened at $83.71 on Friday. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 16.58 and a beta of 0.19. Safety Insurance Group, Inc. has a one year low of $71.99 and a one year high of $90.00. The company’s 50-day simple moving average is $83.18 and its 200-day simple moving average is $81.53.

Safety Insurance Group (NASDAQ:SAFT) last announced its quarterly earnings data on Tuesday, November 5th. The insurance provider reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.40 by ($0.30). The firm 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, December 2nd were paid a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 4.30%. The ex-dividend date was Monday, December 2nd. Safety Insurance Group’s dividend payout ratio (DPR) is presently 71.29%.

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.