Safety Insurance Group, Inc. (SAFT) Shares Sold by Strs Ohio

Strs Ohio decreased its stake in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) by 6.9% during the 3rd quarter, Holdings Channel reports. The firm owned 10,800 shares of the insurance provider’s stock after selling 800 shares during the quarter. Strs Ohio’s holdings in Safety Insurance Group were worth $967,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of SAFT. BlackRock Inc. lifted its position in shares of Safety Insurance Group by 6.3% during the second quarter. BlackRock Inc. now owns 2,059,400 shares of the insurance provider’s stock worth $175,873,000 after purchasing an additional 121,796 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of Safety Insurance Group by 5.1% during the second quarter. Robeco Institutional Asset Management B.V. now owns 379,772 shares of the insurance provider’s stock worth $32,434,000 after purchasing an additional 18,498 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of Safety Insurance Group by 2.5% during the second quarter. Renaissance Technologies LLC now owns 390,100 shares of the insurance provider’s stock worth $33,315,000 after purchasing an additional 9,700 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Safety Insurance Group by 5.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 159,751 shares of the insurance provider’s stock worth $13,643,000 after purchasing an additional 8,964 shares during the last quarter. Finally, Bank of Montreal Can lifted its position in shares of Safety Insurance Group by 29.0% during the third quarter. Bank of Montreal Can now owns 30,990 shares of the insurance provider’s stock worth $2,777,000 after purchasing an additional 6,959 shares during the last quarter. 80.14% of the stock is currently owned by institutional investors and hedge funds.

Shares of SAFT stock opened at $84.62 on Friday. Safety Insurance Group, Inc. has a one year low of $70.45 and a one year high of $99.70. The stock has a market cap of $1.29 billion, a PE ratio of 16.92 and a beta of 0.65.

Safety Insurance Group (NASDAQ:SAFT) last issued its earnings results on Friday, August 3rd. The insurance provider reported $1.81 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.55 by $0.26. Safety Insurance Group had a net margin of 8.99% and a return on equity of 11.09%. The firm had revenue of $207.97 million for the quarter.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Monday, December 3rd will be issued a $0.80 dividend. The ex-dividend date is Friday, November 30th. This represents a $3.20 dividend on an annualized basis and a yield of 3.78%.

In other Safety Insurance Group news, Director Frederic H. Lindeberg sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, August 7th. The shares were sold at an average price of $92.45, for a total value of $92,450.00. Following the transaction, the director now owns 15,000 shares of the company’s stock, valued at $1,386,750. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David D. Mckown sold 1,235 shares of the firm’s stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $96.53, for a total transaction of $119,214.55. Following the completion of the transaction, the director now directly owns 4,500 shares in the company, valued at approximately $434,385. The disclosure for this sale can be found here. Insiders sold 11,130 shares of company stock worth $1,086,000 in the last three months. 4.90% of the stock is currently owned by corporate insiders.

Separately, BidaskClub cut shares of Safety Insurance Group from a “sell” rating to a “strong sell” rating in a research report on Thursday, October 18th.

Safety Insurance Group Profile

Safety Insurance Group, Inc provides private passenger and commercial automobile insurance in Massachusetts, New Hampshire, and Maine, 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.

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Institutional Ownership by Quarter for Safety Insurance Group (NASDAQ:SAFT)

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