Keybank National Association OH Lowers Stock Holdings in Safety Insurance Group, Inc. $SAFT

Keybank National Association OH reduced its position in Safety Insurance Group, Inc. (NASDAQ:SAFT) by 18.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,245 shares of the insurance provider’s stock after selling 937 shares during the quarter. Keybank National Association OH’s holdings in Safety Insurance Group were worth $337,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Capital Advisors Ltd. LLC lifted its position in Safety Insurance Group by 15,950.0% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 321 shares of the insurance provider’s stock worth $25,000 after buying an additional 319 shares during the last quarter. GAMMA Investing LLC grew its position in Safety Insurance Group by 67.9% during the first quarter. GAMMA Investing LLC now owns 811 shares of the insurance provider’s stock valued at $64,000 after acquiring an additional 328 shares during the last quarter. Ballentine Partners LLC purchased a new position in shares of Safety Insurance Group during the second quarter worth approximately $306,000. CenterBook Partners LP bought a new stake in shares of Safety Insurance Group in the 1st quarter worth approximately $332,000. Finally, Ieq Capital LLC boosted its stake in shares of Safety Insurance Group by 35.3% in the 1st quarter. Ieq Capital LLC now owns 4,586 shares of the insurance provider’s stock valued at $362,000 after purchasing an additional 1,196 shares in the last quarter. 81.04% of the stock is currently owned by institutional investors.

Safety Insurance Group Trading Up 2.2%

NASDAQ:SAFT opened at $71.93 on Thursday. The firm has a market capitalization of $1.07 billion, a P/E ratio of 12.60 and a beta of 0.26. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.03. The company has a fifty day moving average of $70.96 and a 200 day moving average of $74.57. Safety Insurance Group, Inc. has a 52 week low of $67.04 and a 52 week high of $90.00.

Safety Insurance Group (NASDAQ:SAFT) last announced its quarterly earnings results on Monday, November 3rd. The insurance provider reported $1.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.80 by ($0.32). Safety Insurance Group had a return on equity of 8.34% and a net margin of 7.07%.The firm had revenue of $334.18 million during the quarter.

Safety Insurance Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be issued a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date is Monday, December 1st. Safety Insurance Group’s payout ratio is currently 62.48%.

Insider Buying and Selling

In other Safety Insurance Group news, Director Dennis J. Langwell acquired 2,000 shares of the company’s stock in a transaction on Friday, September 5th. The stock was acquired at an average price of $72.39 per share, for a total transaction of $144,780.00. Following the acquisition, the director owned 8,000 shares in the company, valued at $579,120. This represents a 33.33% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last three months, insiders purchased 4,055 shares of company stock worth $291,705. Corporate insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on SAFT shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Safety Insurance Group in a report on Wednesday, October 8th. Wall Street Zen cut Safety Insurance Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Safety Insurance Group presently has a consensus rating of “Hold”.

Safety Insurance Group Profile

Safety Insurance Group, Inc provides private passenger and commercial automobile, and homeowner insurance in the United States. The company’s private passenger automobile policies offer coverage for bodily injury and property damage to others, no-fault personal injury coverage for the insured/insured’s car occupants, and physical damage coverage for an insured’s own vehicle for collision or other perils.