Louisiana State Employees Retirement System Sells 300 Shares of Safety Insurance Group, Inc. (NASDAQ:SAFT)

Louisiana State Employees Retirement System trimmed its stake in Safety Insurance Group, Inc. (NASDAQ:SAFT) by 4.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,200 shares of the insurance provider’s stock after selling 300 shares during the period. Louisiana State Employees Retirement System’s holdings in Safety Insurance Group were worth $589,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in shares of Safety Insurance Group by 3.3% during the first quarter. Vanguard Group Inc. now owns 1,695,813 shares of the insurance provider’s stock worth $139,379,000 after purchasing an additional 54,441 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Safety Insurance Group by 1.5% during the second 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 during the last quarter. TimesSquare Capital Management LLC grew its holdings in shares of Safety Insurance Group by 101.7% during the first quarter. TimesSquare Capital Management LLC now owns 405,118 shares of the insurance provider’s stock worth $33,297,000 after purchasing an additional 204,218 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in shares of Safety Insurance Group by 113.2% during the first quarter. Jacobs Levy Equity Management Inc. now owns 54,929 shares of the insurance provider’s stock worth $4,515,000 after purchasing an additional 29,167 shares during the last quarter. Finally, Silver Lake Advisory LLC grew its holdings in shares of Safety Insurance Group by 1.8% during the second quarter. Silver Lake Advisory LLC now owns 41,658 shares of the insurance provider’s stock worth $3,126,000 after purchasing an additional 752 shares during the last quarter. 81.04% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, VP Glenn Hiltpold sold 389 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $84.41, for a total transaction of $32,835.49. Following the sale, the vice president now directly owns 11,204 shares in the company, valued at $945,729.64. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last three months, insiders have sold 915 shares of company stock worth $75,125. Company insiders own 2.00% of the company’s stock.

Safety Insurance Group Price Performance

Shares of NASDAQ SAFT opened at $79.77 on Wednesday. The company’s 50 day simple moving average is $81.98 and its 200 day simple moving average is $80.48. Safety Insurance Group, Inc. has a fifty-two week low of $71.99 and a fifty-two week high of $89.46. The firm has a market capitalization of $1.18 billion, a P/E ratio of 23.12 and a beta of 0.17.

Safety Insurance Group (NASDAQ:SAFT) last posted its earnings results on Wednesday, August 7th. The insurance provider reported $1.18 earnings per share for the quarter, missing the consensus estimate of $1.30 by ($0.12). The firm had revenue of $269.78 million during the quarter. Safety Insurance Group had a return on equity of 5.53% and a net margin of 4.96%.

Safety Insurance Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, December 2nd will be issued a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 4.51%. Safety Insurance Group’s dividend payout ratio (DPR) is presently 104.35%.

Analyst Ratings Changes

Separately, StockNews.com raised 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.