Safety Insurance Group, Inc. (NASDAQ:SAFT) Shares Acquired by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans raised its holdings in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT – Get Rating) by 23.5% in the 4th quarter, HoldingsChannel reports. The fund owned 18,815 shares of the insurance provider’s stock after buying an additional 3,578 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Safety Insurance Group were worth $1,585,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Point72 Hong Kong Ltd purchased a new stake in shares of Safety Insurance Group in the 3rd quarter valued at about $30,000. US Asset Management LLC purchased a new stake in shares of Safety Insurance Group in the 4th quarter valued at about $102,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Safety Insurance Group by 31.0% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,233 shares of the insurance provider’s stock valued at $182,000 after purchasing an additional 528 shares during the last quarter. Inspire Investing LLC lifted its holdings in shares of Safety Insurance Group by 16.2% in the 3rd quarter. Inspire Investing LLC now owns 2,537 shares of the insurance provider’s stock valued at $207,000 after purchasing an additional 354 shares during the last quarter. Finally, 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 valued at $213,000 after purchasing an additional 136 shares during the last quarter. 91.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Safety Insurance Group in a report on Thursday. They issued a “hold” rating for the company.

Safety Insurance Group Stock Down 1.6 %

SAFT opened at $71.98 on Friday. The business has a 50 day moving average price of $73.37 and a two-hundred day moving average price of $81.24. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.06. The company has a market cap of $1.07 billion, a PE ratio of 40.44 and a beta of 0.31. Safety Insurance Group, Inc. has a 52 week low of $67.71 and a 52 week high of $99.75.

Safety Insurance Group (NASDAQ:SAFT – Get Rating) last released its earnings results on Wednesday, February 22nd. The insurance provider reported $0.98 earnings per share (EPS) for the quarter. Safety Insurance Group had a return on equity of 5.81% and a net margin of 3.23%. The company had revenue of $226.60 million for the quarter.

Safety Insurance Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st will be given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 5.00%. The ex-dividend date is Wednesday, May 31st. Safety Insurance Group’s payout ratio is 202.25%.

Insiders Place Their Bets

In related news, VP James Berry sold 328 shares of the company’s stock in a transaction that occurred on Monday, February 27th. The stock was sold at an average price of $81.30, for a total value of $26,666.40. Following the sale, the vice president now owns 29,233 shares in the company, valued at approximately $2,376,642.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders have sold 1,405 shares of company stock worth $112,749. Company insiders own 4.20% of the company’s stock.

About Safety Insurance Group

(Get Rating)

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.