Dynamic Technology Lab Private Ltd Invests $213,000 in Safety Insurance Group, Inc. (NASDAQ:SAFT)

Dynamic Technology Lab Private Ltd bought a new stake in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,605 shares of the insurance provider’s stock, valued at approximately $213,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Louisiana State Employees Retirement System boosted its holdings in shares of Safety Insurance Group by 2.7% during the 2nd quarter. Louisiana State Employees Retirement System now owns 7,500 shares of the insurance provider’s stock valued at $563,000 after purchasing an additional 200 shares during the last quarter. Linden Thomas Advisory Services LLC boosted its stake in Safety Insurance Group by 1.8% during the second quarter. Linden Thomas Advisory Services LLC now owns 16,892 shares of the insurance provider’s stock valued at $1,267,000 after buying an additional 293 shares during the last quarter. Inspire Investing LLC grew 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 valued at $349,000 after buying an additional 319 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in Safety Insurance Group by 6.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,386 shares of the insurance provider’s stock worth $554,000 after acquiring an additional 420 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of Safety Insurance Group by 2.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,192 shares of the insurance provider’s stock worth $1,660,000 after acquiring an additional 509 shares in the last quarter. 81.04% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Safety Insurance Group Trading Up 0.7 %

Shares of NASDAQ:SAFT opened at $85.54 on Tuesday. The company has a 50-day moving average price of $82.55 and a 200 day moving average price of $81.10. Safety Insurance Group, Inc. has a 12 month low of $71.99 and a 12 month high of $90.00. The company has a market cap of $1.27 billion, a price-to-earnings ratio of 16.94 and a beta of 0.17.

Safety Insurance Group (NASDAQ:SAFT) last released its earnings results 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 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 announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, December 2nd will be given a dividend of $0.90 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $3.60 annualized dividend and a dividend yield of 4.21%. Safety Insurance Group’s dividend payout ratio (DPR) is presently 71.29%.

Insider Activity

In other news, VP Glenn Hiltpold sold 389 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $84.41, for a total value of $32,835.49. Following the transaction, the vice president now directly owns 11,204 shares in the company, valued at approximately $945,729.64. This represents a 3.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.00% of the company’s stock.

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.