Barclays PLC Has $2 Million Position in Safety Insurance Group, Inc. (NASDAQ:SAFT)

Barclays PLC grew its stake in Safety Insurance Group, Inc. (NASDAQ:SAFT) by 348.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,430 shares of the insurance provider’s stock after buying an additional 18,987 shares during the period. Barclays PLC owned 0.16% of Safety Insurance Group worth $1,997,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Robeco Institutional Asset Management B.V. acquired a new position in Safety Insurance Group in the third quarter valued at $202,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Safety Insurance Group during the 3rd quarter valued at $213,000. Everence Capital Management Inc. bought a new position in Safety Insurance Group during the third quarter worth $267,000. XTX Topco Ltd acquired a new stake in Safety Insurance Group in the third quarter worth $283,000. Finally, Creative Planning bought a new stake in Safety Insurance Group in the third quarter valued at $299,000. 81.04% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Safety Insurance Group Stock Up 0.5 %

Shares of Safety Insurance Group stock opened at $82.30 on Friday. The business has a 50 day moving average price of $83.41 and a 200-day moving average price of $81.84. Safety Insurance Group, Inc. has a 52 week low of $71.99 and a 52 week high of $90.00. The company has a market cap of $1.22 billion, a PE ratio of 16.30 and a beta of 0.19.

Safety Insurance Group (NASDAQ:SAFT) last issued its quarterly earnings data 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). The firm had revenue of $295.28 million during the quarter. Safety Insurance Group had a return on equity of 6.35% and a net margin of 6.86%.

Safety Insurance Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, December 2nd were paid a $0.90 dividend. The ex-dividend date was Monday, December 2nd. This represents a $3.60 dividend on an annualized basis and a yield of 4.37%. 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.