Teacher Retirement System of Texas Purchases 23,671 Shares of Safety Insurance Group, Inc. $SAFT

Teacher Retirement System of Texas increased its position in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) by 50.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 70,705 shares of the insurance provider’s stock after purchasing an additional 23,671 shares during the period. Teacher Retirement System of Texas’ holdings in Safety Insurance Group were worth $4,998,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Amalgamated Bank raised its position in Safety Insurance Group by 3.5% in the 3rd quarter. Amalgamated Bank now owns 4,377 shares of the insurance provider’s stock worth $309,000 after purchasing an additional 150 shares during the period. CANADA LIFE ASSURANCE Co grew its stake in shares of Safety Insurance Group by 1.2% during the second quarter. CANADA LIFE ASSURANCE Co now owns 14,018 shares of the insurance provider’s stock valued at $1,112,000 after buying an additional 169 shares during the last quarter. Naples Global Advisors LLC raised its holdings in shares of Safety Insurance Group by 0.9% in the second quarter. Naples Global Advisors LLC now owns 19,448 shares of the insurance provider’s stock worth $1,544,000 after buying an additional 175 shares during the period. DAVENPORT & Co LLC lifted its stake in shares of Safety Insurance Group by 1.8% during the 2nd quarter. DAVENPORT & Co LLC now owns 11,475 shares of the insurance provider’s stock worth $910,000 after acquiring an additional 200 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Safety Insurance Group by 7.7% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 3,824 shares of the insurance provider’s stock worth $304,000 after acquiring an additional 273 shares during the last quarter. 81.04% of the stock is currently owned by institutional investors.

Safety Insurance Group Stock Performance

Safety Insurance Group stock opened at $76.07 on Wednesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.41 and a current ratio of 0.41. The company has a market capitalization of $1.13 billion, a PE ratio of 12.92 and a beta of 0.23. The company has a 50 day moving average price of $76.83 and a 200-day moving average price of $73.64. Safety Insurance Group, Inc. has a fifty-two week low of $67.04 and a fifty-two week high of $84.20.

Safety Insurance Group (NASDAQ:SAFT) last announced its quarterly earnings data on Monday, November 3rd. The insurance provider reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.80 by ($0.32). The firm had revenue of $323.21 million during the quarter. Safety Insurance Group had a return on equity of 8.85% and a net margin of 7.09%.

Safety Insurance Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were paid a dividend of $0.92 per share. The ex-dividend date was Monday, December 1st. This represents a $3.68 annualized dividend and a dividend yield of 4.8%. Safety Insurance Group’s dividend payout ratio (DPR) is currently 62.48%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Safety Insurance Group in a research report on Thursday, January 22nd. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Safety Insurance Group Company 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.