TABR Capital Management LLC Purchases New Stake in Safety Insurance Group, Inc. $SAFT

TABR Capital Management LLC purchased a new stake in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 37,678 shares of the insurance provider’s stock, valued at approximately $2,935,000.

Several other large investors also recently made changes to their positions in the business. Blue Trust Inc. purchased a new position in shares of Safety Insurance Group in the 3rd quarter valued at $35,000. Capital Advisors Ltd. LLC boosted its position in Safety Insurance Group by 419.1% during the 4th quarter. Capital Advisors Ltd. LLC now owns 488 shares of the insurance provider’s stock worth $38,000 after purchasing an additional 394 shares during the period. EverSource Wealth Advisors LLC boosted its position in Safety Insurance Group by 1,317.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 496 shares of the insurance provider’s stock worth $39,000 after purchasing an additional 461 shares during the period. Triumph Capital Management purchased a new position in Safety Insurance Group in the third quarter valued at about $95,000. Finally, GAMMA Investing LLC raised its position in Safety Insurance Group by 250.1% in the fourth quarter. GAMMA Investing LLC now owns 1,509 shares of the insurance provider’s stock valued at $118,000 after purchasing an additional 1,078 shares during the period. Institutional investors and hedge funds own 81.04% of the company’s stock.

Safety Insurance Group Price Performance

Shares of SAFT stock opened at $76.02 on Wednesday. The company has a market capitalization of $1.12 billion, a PE ratio of 11.35 and a beta of 0.22. The firm has a fifty day simple moving average of $75.19 and a 200-day simple moving average of $75.14. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.06. Safety Insurance Group, Inc. has a twelve month low of $67.04 and a twelve month high of $84.20.

Safety Insurance Group (NASDAQ:SAFT) last released its quarterly earnings results on Wednesday, February 25th. The insurance provider reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.23. Safety Insurance Group had a net margin of 7.85% and a return on equity of 9.64%. The firm had revenue of $319.34 million for the quarter.

Safety Insurance Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Monday, March 2nd were paid a dividend of $0.92 per share. The ex-dividend date was Monday, March 2nd. This represents a $3.68 annualized dividend and a dividend yield of 4.8%. Safety Insurance Group’s dividend payout ratio (DPR) is currently 54.93%.

Insider Activity

In related news, major shareholder Corp Srb sold 14,151 shares of the business’s stock in a transaction dated Friday, March 20th. The stock was sold at an average price of $71.12, for a total value of $1,006,419.12. Following the transaction, the insider owned 1,794,655 shares in the company, valued at approximately $127,635,863.60. The trade was a 0.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 36,304 shares of company stock worth $2,728,283 over the last 90 days. 2.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on SAFT. Wall Street Zen upgraded Safety Insurance Group from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of Safety Insurance Group in a report on Thursday, January 22nd. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Safety Insurance Group currently has a consensus rating of “Hold”.

Safety Insurance Group 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.