SG Americas Securities LLC lifted its position in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) by 67.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,450 shares of the insurance provider’s stock after buying an additional 985 shares during the quarter. SG Americas Securities LLC’s holdings in Safety Insurance Group were worth $187,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. increased its position in shares of Safety Insurance Group by 1.0% during the second quarter. BlackRock Inc. now owns 1,479,989 shares of the insurance provider’s stock worth $101,083,000 after buying an additional 14,843 shares during the period. Vanguard Group Inc. grew its holdings in Safety Insurance Group by 3.3% in the second quarter. Vanguard Group Inc. now owns 1,382,190 shares of the insurance provider’s stock worth $94,404,000 after purchasing an additional 43,812 shares during the period. Dimensional Fund Advisors LP grew its holdings in Safety Insurance Group by 0.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,277,824 shares of the insurance provider’s stock worth $87,276,000 after purchasing an additional 4,880 shares during the period. Northern Trust Corp grew its holdings in Safety Insurance Group by 1.6% in the second quarter. Northern Trust Corp now owns 553,619 shares of the insurance provider’s stock worth $37,812,000 after purchasing an additional 8,981 shares during the period. Finally, State Street Corp grew its holdings in Safety Insurance Group by 4.5% in the second quarter. State Street Corp now owns 448,998 shares of the insurance provider’s stock worth $30,663,000 after purchasing an additional 19,139 shares during the period. Institutional investors own 78.59% of the company’s stock.

In other Safety Insurance Group news, Director Frederic H. Lindeberg sold 1,000 shares of the firm’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $83.16, for a total value of $83,160.00. Following the transaction, the director now directly owns 19,000 shares of the company’s stock, valued at $1,580,040. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Frederic H. Lindeberg sold 2,000 shares of the firm’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $82.35, for a total transaction of $164,700.00. Following the completion of the transaction, the director now directly owns 20,000 shares in the company, valued at $1,647,000. The disclosure for this sale can be found here. Insiders sold 19,505 shares of company stock valued at $1,588,066 over the last 90 days. Corporate insiders own 4.90% of the company’s stock.

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

Shares of Safety Insurance Group, Inc. (SAFT) opened at $80.50 on Friday. The company has a market cap of $1,212.08, a price-to-earnings ratio of 19.40 and a beta of 0.78. Safety Insurance Group, Inc. has a twelve month low of $65.75 and a twelve month high of $84.00.

The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date of this dividend was Thursday, November 30th. Safety Insurance Group’s payout ratio is 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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