TD Asset Management Inc Has $6.74 Million Position in Safety Insurance Group, Inc. (NASDAQ:SAFT)

TD Asset Management Inc cut its holdings in Safety Insurance Group, Inc. (NASDAQ:SAFT) by 12.7% during the second quarter, Holdings Channel.com reports. The fund owned 93,900 shares of the insurance provider’s stock after selling 13,600 shares during the period. TD Asset Management Inc’s holdings in Safety Insurance Group were worth $6,735,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Envestnet Asset Management Inc. acquired a new position in shares of Safety Insurance Group in the 1st quarter valued at $223,000. Citigroup Inc. boosted its stake in Safety Insurance Group by 2.5% in the 1st quarter. Citigroup Inc. now owns 13,868 shares of the insurance provider’s stock worth $1,260,000 after purchasing an additional 333 shares during the period. MetLife Investment Management LLC boosted its stake in Safety Insurance Group by 52.6% in the 1st quarter. MetLife Investment Management LLC now owns 7,993 shares of the insurance provider’s stock worth $726,000 after purchasing an additional 2,755 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Safety Insurance Group by 14.1% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,270 shares of the insurance provider’s stock worth $1,115,000 after purchasing an additional 1,513 shares during the period. Finally, Great West Life Assurance Co. Can boosted its stake in Safety Insurance Group by 5.7% in the 1st quarter. Great West Life Assurance Co. Can now owns 13,267 shares of the insurance provider’s stock worth $1,234,000 after purchasing an additional 713 shares during the period. 79.74% of the stock is owned by institutional investors.

Safety Insurance Group Trading Down 0.5 %

Shares of NASDAQ:SAFT opened at $75.93 on Tuesday. The company’s 50-day moving average price is $72.64 and its two-hundred day moving average price is $71.51. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.39 and a quick ratio of 0.39. Safety Insurance Group, Inc. has a one year low of $65.78 and a one year high of $92.61. The stock has a market capitalization of $1.12 billion, a PE ratio of 35.99 and a beta of 0.23.

Safety Insurance Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $0.90 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $3.60 annualized dividend and a yield of 4.74%. Safety Insurance Group’s dividend payout ratio (DPR) is presently 170.62%.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Safety Insurance Group in a research note on Thursday, October 5th. They issued a “hold” rating for the company.

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.