6,971 Shares of Safety Insurance Group, Inc. $SAFT Acquired by Transmarket Holdings LP

Transmarket Holdings LP bought a new stake in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 6,971 shares of the insurance provider’s stock, valued at approximately $722,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. bought a new position in Safety Insurance Group in the second quarter worth about $171,385,000. Dimensional Fund Advisors LP boosted its position in Safety Insurance Group by 0.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 711,806 shares of the insurance provider’s stock valued at $51,708,000 after acquiring an additional 3,319 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in Safety Insurance Group during the 2nd quarter valued at approximately $10,513,000. Renaissance Technologies LLC grew its holdings in shares of Safety Insurance Group by 0.3% during the 1st quarter. Renaissance Technologies LLC now owns 140,400 shares of the insurance provider’s stock worth $10,199,000 after acquiring an additional 400 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in shares of Safety Insurance Group by 2.0% during the 1st quarter. Principal Financial Group Inc. now owns 72,384 shares of the insurance provider’s stock worth $5,258,000 after acquiring an additional 1,406 shares during the period. Hedge funds and other institutional investors own 81.04% of the company’s stock.

Safety Insurance Group Stock Performance

Shares of SAFT stock opened at $103.95 on Thursday. Safety Insurance Group, Inc. has a 12 month low of $67.04 and a 12 month high of $104.35. The stock has a market cap of $1.53 billion, a PE ratio of 22.40 and a beta of 0.15. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.06. The company’s fifty day moving average price is $103.68 and its 200-day moving average price is $84.38.

Safety Insurance Group (NASDAQ:SAFT) last posted its quarterly earnings data on Wednesday, August 5th. The insurance provider reported $2.03 EPS for the quarter, topping the consensus estimate of $2.00 by $0.03. The business had revenue of $325.68 million for the quarter, compared to analyst estimates of $325.68 million. Safety Insurance Group had a net margin of 5.33% and a return on equity of 7.23%. On average, equities analysts expect that Safety Insurance Group, Inc. will post 4.15 EPS for the current fiscal year.

Safety Insurance Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were given a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Tuesday, September 1st. Safety Insurance Group’s payout ratio is currently 79.31%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Safety Insurance Group from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, September 17th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

Safety Insurance Group Profile

Safety Insurance Group, Inc is an insurance holding company that provides property and casualty insurance products primarily through its subsidiary, Safety Insurance Company. The company focuses on personal and commercial insurance coverage for individuals, families, and businesses.

Its product offerings include private passenger automobile insurance, homeowners insurance, dwelling fire coverage, business owners policies, commercial automobile insurance, and related property and liability products.