TABR Capital Management LLC Acquires New Shares in Safety Insurance Group, Inc. $SAFT

TABR Capital Management LLC acquired a new position in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 37,678 shares of the insurance provider’s stock, valued at approximately $2,935,000.

A number of other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. acquired a new stake in Safety Insurance Group in the third quarter valued at $35,000. EverSource Wealth Advisors LLC raised its stake in shares of Safety Insurance Group by 1,317.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 496 shares of the insurance provider’s stock worth $39,000 after buying an additional 461 shares during the last quarter. Triumph Capital Management acquired a new position in shares of Safety Insurance Group during the 3rd quarter worth $95,000. GAMMA Investing LLC boosted its position in shares of Safety Insurance Group by 250.1% in the 4th quarter. GAMMA Investing LLC now owns 1,509 shares of the insurance provider’s stock worth $118,000 after buying an additional 1,078 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in shares of Safety Insurance Group by 357.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,322 shares of the insurance provider’s stock worth $184,000 after buying an additional 1,814 shares in the last quarter. 81.04% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on SAFT shares. Weiss Ratings restated a “hold (c)” rating on shares of Safety Insurance Group in a report on Thursday, January 22nd. Wall Street Zen raised shares of Safety Insurance Group from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, Safety Insurance Group has a consensus rating of “Hold”.

Safety Insurance Group Stock Down 1.3%

Shares of NASDAQ:SAFT opened at $71.46 on Monday. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.06. Safety Insurance Group, Inc. has a 52-week low of $67.04 and a 52-week high of $84.20. The stock’s fifty day simple moving average is $76.50 and its 200-day simple moving average is $74.81. The company has a market capitalization of $1.05 billion, a P/E ratio of 10.67 and a beta of 0.21.

Safety Insurance Group (NASDAQ:SAFT) last released its earnings results on Wednesday, February 25th. The insurance provider reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.23. Safety Insurance Group had a net margin of 7.85% and a return on equity of 9.64%. The company had revenue of $319.34 million for the quarter.

Safety Insurance Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Monday, March 2nd were paid a dividend of $0.92 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $3.68 annualized dividend and a dividend yield of 5.1%. Safety Insurance Group’s dividend payout ratio is presently 54.93%.

Insider Transactions at Safety Insurance Group

In related news, major shareholder Corp Srb sold 1,199 shares of the firm’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $73.06, for a total transaction of $87,598.94. Following the sale, the insider owned 1,808,806 shares in the company, valued at approximately $132,151,366.36. This trade represents a 0.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 22,153 shares of company stock worth $1,721,864 in the last quarter. 2.00% of the stock is currently owned by company insiders.

About Safety Insurance Group

Safety Insurance Group, Inc is a publicly traded property and casualty insurance holding company incorporated in Massachusetts in 1994. Its principal subsidiary, Safety Insurance Company, traces its roots back to 1923 and has since evolved into a regional personal lines insurer. The company is headquartered in Boston, Massachusetts, and trades on the Nasdaq under the symbol SAFT.

Safety Insurance Group focuses primarily on private passenger automobile and homeowners insurance products, along with dwelling fire, umbrella liability, and certain commercial auto coverages.