Safety Insurance Group, Inc. (NASDAQ:SAFT) Stock Position Reduced by New York State Teachers Retirement System

New York State Teachers Retirement System trimmed its stake in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) by 10.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,471 shares of the insurance provider’s stock after selling 2,300 shares during the quarter. New York State Teachers Retirement System owned about 0.13% of Safety Insurance Group worth $1,604,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. TimesSquare Capital Management LLC increased its position 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 purchasing an additional 57,320 shares during the period. Barclays PLC raised its holdings in shares of Safety Insurance Group by 348.8% during the third quarter. Barclays PLC now owns 24,430 shares of the insurance provider’s stock worth $1,997,000 after acquiring an additional 18,987 shares in the last quarter. International Assets Investment Management LLC raised its holdings in Safety Insurance Group by 8,078.0% during the third quarter. International Assets Investment Management LLC now owns 16,356 shares of the insurance provider’s stock valued at $1,338,000 after buying an additional 16,156 shares in the last quarter. Jane Street Group LLC raised its holdings in Safety Insurance Group by 57.4% during the third quarter. Jane Street Group LLC now owns 26,641 shares of the insurance provider’s stock valued at $2,179,000 after buying an additional 9,713 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Safety Insurance Group by 5.8% during the third quarter. JPMorgan Chase & Co. now owns 174,859 shares of the insurance provider’s stock valued at $14,300,000 after buying an additional 9,531 shares in the last quarter. 81.04% of the stock is currently owned by institutional investors and hedge funds.

Safety Insurance Group Trading Up 0.2 %

Shares of NASDAQ SAFT opened at $77.75 on Friday. The firm has a market cap of $1.15 billion, a PE ratio of 15.40 and a beta of 0.20. Safety Insurance Group, Inc. has a 1-year low of $73.38 and a 1-year high of $90.00. The company has a fifty day moving average price of $79.77 and a 200 day moving average price of $81.89.

Safety Insurance Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be issued a $0.90 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $3.60 annualized dividend and a yield of 4.63%. Safety Insurance Group’s dividend payout ratio is currently 71.29%.

Wall Street Analyst Weigh In

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

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.