Schwab Charles Investment Management Inc. lifted its holdings in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) by 5.9% during the 2nd quarter, HoldingsChannel reports. The firm owned 159,751 shares of the insurance provider’s stock after buying an additional 8,964 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Safety Insurance Group were worth $13,643,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. SG Americas Securities LLC lifted its holdings in Safety Insurance Group by 146.6% in the second quarter. SG Americas Securities LLC now owns 6,169 shares of the insurance provider’s stock valued at $527,000 after acquiring an additional 3,667 shares during the period. Rhumbline Advisers lifted its holdings in Safety Insurance Group by 2.4% in the second quarter. Rhumbline Advisers now owns 36,850 shares of the insurance provider’s stock valued at $3,147,000 after acquiring an additional 881 shares during the period. Dean Capital Investments Management LLC acquired a new stake in Safety Insurance Group in the second quarter valued at $589,000. Robeco Institutional Asset Management B.V. lifted its holdings in Safety Insurance Group by 5.1% in the second quarter. Robeco Institutional Asset Management B.V. now owns 379,772 shares of the insurance provider’s stock valued at $32,434,000 after acquiring an additional 18,498 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Safety Insurance Group in the second quarter valued at $276,000. 80.17% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have commented on SAFT shares. BidaskClub raised Safety Insurance Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 21st. ValuEngine raised Safety Insurance Group from a “hold” rating to a “buy” rating in a report on Saturday, June 2nd.

Safety Insurance Group stock opened at $93.70 on Tuesday. Safety Insurance Group, Inc. has a one year low of $70.45 and a one year high of $99.70. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of 21.80 and a beta of 0.59.

Safety Insurance Group (NASDAQ:SAFT) last released its earnings results on Friday, August 3rd. The insurance provider reported $1.81 EPS for the quarter, beating analysts’ consensus estimates of $1.55 by $0.26. Safety Insurance Group had a return on equity of 9.74% and a net margin of 7.73%. The company had revenue of $207.97 million during the quarter.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 14th. Shareholders of record on Tuesday, September 4th were issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date was Friday, August 31st.

In other news, Director David D. Mckown sold 1,235 shares of Safety Insurance Group stock in a transaction on Monday, September 10th. The stock was sold at an average price of $96.53, for a total transaction of $119,214.55. Following the completion of the transaction, the director now owns 4,500 shares of the company’s stock, valued at approximately $434,385. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director David D. Mckown sold 3,765 shares of Safety Insurance Group stock in a transaction on Thursday, September 6th. The stock was sold at an average price of $98.67, for a total value of $371,492.55. Following the transaction, the director now directly owns 5,735 shares of the company’s stock, valued at approximately $565,872.45. The disclosure for this sale can be found here. Insiders have sold a total of 6,000 shares of company stock valued at $583,157 in the last ninety days. Corporate insiders own 4.90% of the company’s stock.

Safety Insurance Group Company Profile

Safety Insurance Group, Inc provides private passenger and commercial automobile insurance in Massachusetts, New Hampshire, and Maine, 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.

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

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