Safety Insurance Group, Inc. (NASDAQ:SAFT) Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its position in Safety Insurance Group, Inc. (NASDAQ:SAFT – Get Rating) by 0.4% in the 3rd quarter, Holdings Channel.com reports. The fund owned 1,857,262 shares of the insurance provider’s stock after acquiring an additional 7,039 shares during the period. Bank of New York Mellon Corp owned approximately 0.13% of Safety Insurance Group worth $151,478,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in SAFT. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Safety Insurance Group by 3.9% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 286,261 shares of the insurance provider’s stock worth $23,350,000 after purchasing an additional 10,744 shares during the last quarter. Teachers Retirement System of The State of Kentucky bought a new stake in shares of Safety Insurance Group in the 3rd quarter worth approximately $362,000. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Safety Insurance Group by 1.8% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 117,853 shares of the insurance provider’s stock worth $9,612,000 after purchasing an additional 2,091 shares during the last quarter. Captrust Financial Advisors lifted its holdings in shares of Safety Insurance Group by 5.5% in the 3rd quarter. Captrust Financial Advisors now owns 2,606 shares of the insurance provider’s stock worth $213,000 after purchasing an additional 136 shares during the last quarter. Finally, BNP Paribas Arbitrage SNC lifted its holdings in shares of Safety Insurance Group by 74.4% in the 3rd quarter. BNP Paribas Arbitrage SNC now owns 8,780 shares of the insurance provider’s stock worth $716,000 after purchasing an additional 3,745 shares during the last quarter. Institutional investors and hedge funds own 91.79% of the company’s stock.

Insider Buying and Selling at Safety Insurance Group

In other Safety Insurance Group news, VP James Berry sold 328 shares of Safety Insurance Group stock in a transaction on Monday, February 27th. The stock was sold at an average price of $81.30, for a total transaction of $26,666.40. Following the sale, the vice president now owns 29,233 shares of the company’s stock, valued at approximately $2,376,642.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 1,405 shares of company stock valued at $112,749 in the last quarter. Corporate insiders own 4.20% of the company’s stock.

Safety Insurance Group Stock Down 4.3 %

Shares of Safety Insurance Group stock opened at $72.54 on Friday. The business’s fifty day moving average price is $82.99 and its two-hundred day moving average price is $84.50. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.34 and a quick ratio of 0.34. The company has a market capitalization of $1.07 billion, a P/E ratio of 23.03 and a beta of 0.30. Safety Insurance Group, Inc. has a 1-year low of $71.33 and a 1-year high of $99.75.

Safety Insurance Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 15th. Shareholders of record on Wednesday, March 1st were paid a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 4.96%. The ex-dividend date of this dividend was Tuesday, February 28th. Safety Insurance Group’s payout ratio is currently 114.29%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on Safety Insurance Group in a research note on Thursday. They set a “hold” rating on the stock.

Safety Insurance Group Company Profile

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Safety Insurance Group, Inc engages in the management and provision of insurance services. It offers property and casualty insurance products which include commercial vehicles and fleets. The firm provides private passenger automobile, commercial automobile and homeowners insurance. The company was founded in 1979 and is headquartered in Boston, MA.