OxFORD Asset Management LLP lifted its holdings in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) by 93.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,407 shares of the insurance provider’s stock after purchasing an additional 6,977 shares during the period. OxFORD Asset Management LLP owned about 0.10% of Safety Insurance Group worth $1,099,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. SG Americas Securities LLC grew its stake in Safety Insurance Group by 67.2% in the 3rd quarter. SG Americas Securities LLC now owns 2,450 shares of the insurance provider’s stock worth $187,000 after acquiring an additional 985 shares during the period. Grimes & Company Inc. purchased a new stake in Safety Insurance Group in the 3rd quarter worth approximately $217,000. Piedmont Investment Advisors LLC purchased a new stake in Safety Insurance Group in the 2nd quarter worth approximately $211,000. Crossmark Global Holdings Inc. purchased a new stake in Safety Insurance Group in the 3rd quarter worth approximately $329,000. Finally, QS Investors LLC grew its stake in Safety Insurance Group by 45.0% in the 2nd quarter. QS Investors LLC now owns 4,403 shares of the insurance provider’s stock worth $301,000 after acquiring an additional 1,367 shares during the period. 78.59% of the stock is owned by institutional investors and hedge funds.

Several research firms have commented on SAFT. BidaskClub cut shares of Safety Insurance Group from a “buy” rating to a “hold” rating in a research note on Thursday. Compass Point cut shares of Safety Insurance Group from a “neutral” rating to a “sell” rating in a research note on Monday, October 16th.

In other Safety Insurance Group news, Director David F. Brussard sold 14,549 shares of Safety Insurance Group stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $81.36, for a total value of $1,183,706.64. Following the completion of the sale, the director now directly owns 12,077 shares of the company’s stock, valued at approximately $982,584.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David F. Brussard sold 1,505 shares of Safety Insurance Group stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $80.01, for a total transaction of $120,415.05. Following the completion of the sale, the director now directly owns 12,077 shares of the company’s stock, valued at $966,280.77. The disclosure for this sale can be found here. Insiders sold a total of 19,054 shares of company stock valued at $1,551,982 over the last ninety days. 4.90% of the stock is owned by corporate insiders.

Shares of Safety Insurance Group, Inc. (SAFT) opened at $79.30 on Thursday. The company has a market cap of $1,231.78, a P/E ratio of 19.59 and a beta of 0.78. Safety Insurance Group, Inc. has a 12 month low of $65.75 and a 12 month high of $84.00.

The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were paid a $0.80 dividend. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $3.20 annualized dividend and a yield of 4.04%. Safety Insurance Group’s payout ratio is currently 77.11%.

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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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