Stifel Financial Corp Cuts Stock Position in Safety Insurance Group, Inc. (NASDAQ:SAFT)

Stifel Financial Corp lessened its holdings in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) by 2.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,379 shares of the insurance provider’s stock after selling 210 shares during the quarter. Stifel Financial Corp’s holdings in Safety Insurance Group were worth $603,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in SAFT. Louisiana State Employees Retirement System boosted its position in Safety Insurance Group by 2.7% in the 2nd quarter. Louisiana State Employees Retirement System now owns 7,500 shares of the insurance provider’s stock valued at $563,000 after buying an additional 200 shares during the period. Anchor Capital Advisors LLC boosted its holdings in Safety Insurance Group by 26.5% in the second quarter. Anchor Capital Advisors LLC now owns 16,765 shares of the insurance provider’s stock valued at $1,258,000 after purchasing an additional 3,513 shares during the period. WINTON GROUP Ltd boosted its holdings in Safety Insurance Group by 4.8% in the second quarter. WINTON GROUP Ltd now owns 11,771 shares of the insurance provider’s stock valued at $883,000 after purchasing an additional 537 shares during the period. Dimensional Fund Advisors LP grew its stake in Safety Insurance Group by 1.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 756,633 shares of the insurance provider’s stock worth $56,770,000 after purchasing an additional 11,146 shares in the last quarter. Finally, Inspire Investing LLC increased its holdings in Safety Insurance Group by 7.4% during the 2nd quarter. Inspire Investing LLC now owns 4,658 shares of the insurance provider’s stock worth $349,000 after purchasing an additional 319 shares during the period. Hedge funds and other institutional investors own 81.04% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Safety Insurance Group Price Performance

Safety Insurance Group stock opened at $81.88 on Thursday. The stock’s fifty day moving average is $83.45 and its two-hundred day moving average is $81.84. The stock has a market cap of $1.21 billion, a PE ratio of 16.21 and a beta of 0.19. Safety Insurance Group, Inc. has a 1-year low of $71.99 and a 1-year high of $90.00.

Safety Insurance Group (NASDAQ:SAFT) last announced its quarterly earnings results on Tuesday, November 5th. The insurance provider reported $1.10 EPS for the quarter, missing the consensus estimate of $1.40 by ($0.30). The company had revenue of $295.28 million during 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 company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, December 2nd were given a $0.90 dividend. The ex-dividend date was Monday, December 2nd. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.40%. Safety Insurance Group’s dividend payout ratio (DPR) is presently 71.29%.

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.