OxFORD Asset Management LLP Acquires 6,977 Shares of Safety Insurance Group, Inc. (SAFT)
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.
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%.
COPYRIGHT VIOLATION WARNING: This piece was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece on another website, it was illegally copied and reposted in violation of international trademark & copyright legislation. The correct version of this piece can be accessed at https://www.thecerbatgem.com/2017/12/21/oxford-asset-management-llp-acquires-6977-shares-of-safety-insurance-group-inc-saft.html.
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.
Receive News & Ratings for Safety Insurance Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Safety Insurance Group and related companies with MarketBeat.com's FREE daily email newsletter.