Brandywine Global Investment Management LLC trimmed its position in Safety Insurance Group, Inc. (NASDAQ:SAFT) by 2.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 47,239 shares of the insurance provider’s stock after selling 1,113 shares during the quarter. Brandywine Global Investment Management LLC owned approximately 0.31% of Safety Insurance Group worth $3,227,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Mason Street Advisors LLC raised its holdings in shares of Safety Insurance Group by 7.0% in the 1st quarter. Mason Street Advisors LLC now owns 3,330 shares of the insurance provider’s stock valued at $233,000 after purchasing an additional 218 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in shares of Safety Insurance Group by 46.3% in the 2nd quarter. State of Alaska Department of Revenue now owns 3,979 shares of the insurance provider’s stock valued at $271,000 after purchasing an additional 1,259 shares in the last quarter. US Bancorp DE raised its holdings in shares of Safety Insurance Group by 2.2% in the 1st quarter. US Bancorp DE now owns 4,694 shares of the insurance provider’s stock valued at $329,000 after purchasing an additional 100 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Safety Insurance Group by 58.0% in the 1st quarter. SG Americas Securities LLC now owns 4,708 shares of the insurance provider’s stock valued at $330,000 after purchasing an additional 1,728 shares in the last quarter. Finally, Clinton Group Inc. acquired a new stake in shares of Safety Insurance Group in the 1st quarter valued at $401,000. Institutional investors and hedge funds own 78.82% of the company’s stock.

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Shares of Safety Insurance Group, Inc. (SAFT) opened at 79.60 on Friday. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 18.95 and a beta of 0.77. Safety Insurance Group, Inc. has a one year low of $65.30 and a one year high of $80.60. The stock has a 50 day moving average of $73.04 and a 200-day moving average of $70.16.

The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were issued a $0.80 dividend. The ex-dividend date of this dividend was Wednesday, August 30th. This is a boost from Safety Insurance Group’s previous quarterly dividend of $0.70. This represents a $3.20 annualized dividend and a yield of 4.02%. Safety Insurance Group’s dividend payout ratio is currently 76.19%.

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

About Safety Insurance Group

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.

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

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