California Public Employees Retirement System reduced its position in Safety Insurance Group, Inc. (NASDAQ:SAFT) by 40.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,000 shares of the insurance provider’s stock after selling 9,700 shares during the period. California Public Employees Retirement System’s holdings in Safety Insurance Group were worth $981,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. State of Alaska Department of Revenue increased its stake in Safety Insurance Group by 76.6% in the first quarter. State of Alaska Department of Revenue now owns 2,720 shares of the insurance provider’s stock worth $190,000 after buying an additional 1,180 shares during the period. TFS Capital LLC bought a new stake in Safety Insurance Group during the first quarter worth approximately $200,000. Mason Street Advisors LLC increased its stake in Safety Insurance Group by 7.0% in the first quarter. Mason Street Advisors LLC now owns 3,330 shares of the insurance provider’s stock worth $233,000 after buying an additional 218 shares during the period. US Bancorp DE increased its stake in Safety Insurance Group by 2.2% in the first quarter. US Bancorp DE now owns 4,694 shares of the insurance provider’s stock worth $329,000 after buying an additional 100 shares during the period. Finally, SG Americas Securities LLC increased its stake in Safety Insurance Group by 58.0% in the first quarter. SG Americas Securities LLC now owns 4,708 shares of the insurance provider’s stock worth $330,000 after buying an additional 1,728 shares during the period. 79.47% of the stock is owned by institutional investors and hedge funds.

Shares of Safety Insurance Group, Inc. (SAFT) traded down 0.35% on Friday, hitting $70.70. 46,871 shares of the stock traded hands. The stock has a 50 day moving average of $69.90 and a 200 day moving average of $69.90. Safety Insurance Group, Inc. has a one year low of $65.23 and a one year high of $75.05. The company has a market cap of $1.08 billion, a PE ratio of 16.83 and a beta of 0.77.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be paid a dividend of $0.80 per share. The ex-dividend date is Wednesday, August 30th. This is an increase from Safety Insurance Group’s previous quarterly dividend of $0.70. This represents a $3.20 dividend on an annualized basis and a yield of 4.53%. Safety Insurance Group’s 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 report on Friday, June 30th.

About Safety Insurance Group

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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