UBS Group AG decreased its position in Safety Insurance Group, Inc. (NASDAQ:SAFT) by 45.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,686 shares of the insurance provider’s stock after selling 2,273 shares during the period. UBS Group AG’s holdings in Safety Insurance Group were worth $188,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of SAFT. Guggenheim Capital LLC raised its position in shares of Safety Insurance Group by 188.5% in the fourth quarter. Guggenheim Capital LLC now owns 18,101 shares of the insurance provider’s stock worth $1,334,000 after buying an additional 11,826 shares during the period. Norges Bank purchased a new position in shares of Safety Insurance Group during the fourth quarter worth $13,843,000. Teachers Advisors LLC increased its position in shares of Safety Insurance Group by 1.5% in the fourth quarter. Teachers Advisors LLC now owns 23,505 shares of the insurance provider’s stock worth $1,732,000 after buying an additional 338 shares in the last quarter. Highbridge Capital Management LLC purchased a new position in shares of Safety Insurance Group during the fourth quarter worth $373,000. Finally, Louisiana State Employees Retirement System increased its position in shares of Safety Insurance Group by 1.8% in the first quarter. Louisiana State Employees Retirement System now owns 5,800 shares of the insurance provider’s stock worth $407,000 after buying an additional 100 shares in the last quarter. Institutional investors own 79.47% of the company’s stock.

Shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) traded up 0.28% during trading on Tuesday, reaching $71.80. 4,740 shares of the company were exchanged. The stock has a 50-day moving average price of $69.23 and a 200-day moving average price of $69.90. Safety Insurance Group, Inc. has a one year low of $63.63 and a one year high of $75.05. The stock has a market capitalization of $1.09 billion, a PE ratio of 17.09 and a beta of 0.77.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be paid a $0.80 dividend. This is a boost from Safety Insurance Group’s previous quarterly dividend of $0.70. The ex-dividend date is Wednesday, August 30th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.47%. Safety Insurance Group’s dividend payout ratio is 66.67%.

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Separately, BidaskClub raised shares of Safety Insurance Group from a “sell” rating to a “hold” rating in a research note on Friday, June 30th.

Safety Insurance Group Company Profile

Safety Insurance Group, Inc is a provider of private passenger automobile insurance. The Company offers a portfolio of property and casualty insurance products. The Company is engaged in property and casualty insurance operations. The Company’s product line includes private passenger automobile, commercial automobile, homeowners, business owners’ policies, personal umbrella, dwelling fire, commercial umbrella, inland marine and watercraft.

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Institutional Ownership by Quarter for Safety Insurance Group (NASDAQ:SAFT)

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