Thrivent Financial For Lutherans increased its stake in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) by 3.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 23,794 shares of the insurance provider’s stock after buying an additional 870 shares during the period. Thrivent Financial For Lutherans owned about 0.16% of Safety Insurance Group worth $1,625,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SAFT. Cubic Asset Management LLC raised its position in Safety Insurance Group by 0.6% in the second quarter. Cubic Asset Management LLC now owns 8,875 shares of the insurance provider’s stock worth $606,000 after acquiring an additional 50 shares during the period. US Bancorp DE boosted its stake in Safety Insurance Group by 2.2% in the first quarter. US Bancorp DE now owns 4,694 shares of the insurance provider’s stock valued at $329,000 after acquiring an additional 100 shares during the last quarter. Arizona State Retirement System boosted its stake in Safety Insurance Group by 1.4% in the first quarter. Arizona State Retirement System now owns 7,415 shares of the insurance provider’s stock valued at $520,000 after acquiring an additional 100 shares during the last quarter. Ronna Sue Cohen boosted its stake in Safety Insurance Group by 0.3% in the first quarter. Ronna Sue Cohen now owns 34,255 shares of the insurance provider’s stock valued at $2,401,000 after acquiring an additional 100 shares during the last quarter. Finally, Texas Permanent School Fund grew its position in shares of Safety Insurance Group by 1.3% during the 2nd quarter. Texas Permanent School Fund now owns 10,445 shares of the insurance provider’s stock valued at $713,000 after acquiring an additional 134 shares during the period. Institutional investors and hedge funds own 78.82% of the company’s stock.

Shares of Safety Insurance Group, Inc. (SAFT) opened at 76.30 on Monday. Safety Insurance Group, Inc. has a 12-month low of $65.30 and a 12-month high of $76.65. The company has a market cap of $1.16 billion, a PE ratio of 18.16 and a beta of 0.77. The company has a 50 day moving average of $71.38 and a 200-day moving average of $69.66.

The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were paid a dividend of $0.80 per share. The ex-dividend date was Wednesday, August 30th. This represents a $3.20 annualized dividend and a yield of 4.19%. This is a boost from Safety Insurance Group’s previous quarterly dividend of $0.70. Safety Insurance Group’s dividend payout ratio is currently 76.19%.

Separately, BidaskClub raised shares of Safety Insurance Group from a “sell” rating to a “hold” rating in a research report on Friday, June 30th.

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Safety Insurance Group Profile

Safety Insurance Group, Inc is a provider of private passenger automobile insurance. The Company offers a portfolio of property and casualty insurance products. The Company is engaged in property and casualty insurance operations. The Company’s product line includes private passenger automobile, commercial automobile, homeowners, business owners’ policies, personal umbrella, dwelling fire, commercial umbrella, inland marine and watercraft.

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

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