Tudor Investment Corp ET AL Boosts Holdings in Safety Insurance Group, Inc. $SAFT

Tudor Investment Corp ET AL lifted its holdings in Safety Insurance Group, Inc. (NASDAQ:SAFT) by 285.7% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 28,204 shares of the insurance provider’s stock after acquiring an additional 20,892 shares during the quarter. Tudor Investment Corp ET AL’s holdings in Safety Insurance Group were worth $1,994,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Amalgamated Bank grew its holdings in shares of Safety Insurance Group by 3.5% during the 3rd quarter. Amalgamated Bank now owns 4,377 shares of the insurance provider’s stock valued at $309,000 after purchasing an additional 150 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its stake in Safety Insurance Group by 1.2% in the second quarter. CANADA LIFE ASSURANCE Co now owns 14,018 shares of the insurance provider’s stock worth $1,112,000 after purchasing an additional 169 shares during the last quarter. Handelsbanken Fonder AB lifted its stake in Safety Insurance Group by 7.0% in the third quarter. Handelsbanken Fonder AB now owns 4,558 shares of the insurance provider’s stock worth $322,000 after purchasing an additional 300 shares during the last quarter. Invesco Ltd. boosted its position in Safety Insurance Group by 0.3% during the third quarter. Invesco Ltd. now owns 126,054 shares of the insurance provider’s stock valued at $8,911,000 after buying an additional 373 shares during the period. Finally, Raymond James Financial Inc. boosted its position in Safety Insurance Group by 2.2% during the second quarter. Raymond James Financial Inc. now owns 17,804 shares of the insurance provider’s stock valued at $1,413,000 after buying an additional 384 shares during the period. Hedge funds and other institutional investors own 81.04% of the company’s stock.

Safety Insurance Group Trading Down 0.8%

NASDAQ:SAFT opened at $72.71 on Friday. The firm has a market capitalization of $1.06 billion, a P/E ratio of 10.85 and a beta of 0.21. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.06. The company has a fifty day moving average of $76.22 and a 200 day moving average of $74.80. Safety Insurance Group, Inc. has a 52 week low of $67.04 and a 52 week high of $84.20.

Safety Insurance Group (NASDAQ:SAFT) last announced its quarterly earnings results on Wednesday, February 25th. The insurance provider reported $1.51 earnings per share (EPS) for the quarter, topping 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 business had revenue of $319.34 million for the quarter.

Safety Insurance Group Dividend Announcement

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

Analyst Upgrades and Downgrades

SAFT has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Safety Insurance Group in a research note on Thursday, January 22nd. Wall Street Zen upgraded Safety Insurance Group from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, Safety Insurance Group presently has an average rating of “Hold”.

Insiders Place Their Bets

In other Safety Insurance Group news, major shareholder Corp Srb sold 14,151 shares of the stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $71.12, for a total value of $1,006,419.12. Following the completion of the sale, the insider owned 1,794,655 shares in the company, valued at approximately $127,635,863.60. This trade represents a 0.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last three months, insiders sold 36,304 shares of company stock valued at $2,728,283. Company insiders own 2.00% of the company’s stock.

Safety Insurance Group Profile

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.