SG Americas Securities LLC Makes New Investment in Safety Insurance Group, Inc. $SAFT

SG Americas Securities LLC bought a new stake in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 8,563 shares of the insurance provider’s stock, valued at approximately $605,000. SG Americas Securities LLC owned approximately 0.06% of Safety Insurance Group as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Royal Bank of Canada grew its stake in Safety Insurance Group by 9.9% during the first quarter. Royal Bank of Canada now owns 10,148 shares of the insurance provider’s stock valued at $801,000 after acquiring an additional 914 shares in the last quarter. AQR Capital Management LLC lifted its stake in Safety Insurance Group by 19.7% in the 1st quarter. AQR Capital Management LLC now owns 34,093 shares of the insurance provider’s stock worth $2,689,000 after purchasing an additional 5,619 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Safety Insurance Group by 4.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,734 shares of the insurance provider’s stock valued at $689,000 after purchasing an additional 389 shares during the period. Millennium Management LLC grew its position in shares of Safety Insurance Group by 284.9% during the 1st quarter. Millennium Management LLC now owns 85,761 shares of the insurance provider’s stock valued at $6,765,000 after purchasing an additional 63,480 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Safety Insurance Group by 9.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 33,747 shares of the insurance provider’s stock worth $2,662,000 after purchasing an additional 3,011 shares during the period. 81.04% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Safety Insurance Group in a research note on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Safety Insurance Group Price Performance

Shares of NASDAQ:SAFT opened at $76.00 on Friday. The company’s fifty day moving average price is $76.85 and its 200-day moving average price is $73.59. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.41 and a quick ratio of 0.41. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of 12.90 and a beta of 0.23. Safety Insurance Group, Inc. has a one year low of $67.04 and a one year high of $84.20.

Safety Insurance Group (NASDAQ:SAFT) last announced its earnings results on Monday, November 3rd. The insurance provider reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.80 by ($0.32). The company had revenue of $323.21 million during the quarter. Safety Insurance Group had a return on equity of 8.85% and a net margin of 7.09%.

Safety Insurance Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were given a dividend of $0.92 per share. The ex-dividend date was Monday, December 1st. This represents a $3.68 annualized dividend and a dividend yield of 4.8%. Safety Insurance Group’s dividend payout ratio is 62.48%.

Safety Insurance Group Company Profile

Safety Insurance Group, Inc is a publicly traded property and casualty insurance holding company incorporated in Massachusetts in 1994. Its principal subsidiary, Safety Insurance Company, traces its roots back to 1923 and has since evolved into a regional personal lines insurer. The company is headquartered in Boston, Massachusetts, and trades on the Nasdaq under the symbol SAFT.

Safety Insurance Group focuses primarily on private passenger automobile and homeowners insurance products, along with dwelling fire, umbrella liability, and certain commercial auto coverages.