Arizona State Retirement System Acquires 153 Shares of Safety Insurance Group, Inc. (NASDAQ:SAFT)

Arizona State Retirement System grew its holdings in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT – Get Rating) by 3.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,159 shares of the insurance provider’s stock after buying an additional 153 shares during the period. Arizona State Retirement System’s holdings in Safety Insurance Group were worth $350,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. BlackRock Inc. boosted its stake in Safety Insurance Group by 1.2% in the 3rd quarter. BlackRock Inc. now owns 2,155,884 shares of the insurance provider’s stock worth $175,834,000 after purchasing an additional 24,611 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Safety Insurance Group by 0.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,857,262 shares of the insurance provider’s stock worth $151,478,000 after purchasing an additional 7,039 shares in the last quarter. Vanguard Group Inc. boosted its stake in Safety Insurance Group by 3.2% in the 3rd quarter. Vanguard Group Inc. now owns 1,620,184 shares of the insurance provider’s stock worth $132,143,000 after purchasing an additional 49,842 shares in the last quarter. State Street Corp raised its position in Safety Insurance Group by 1.6% in the 3rd quarter. State Street Corp now owns 763,881 shares of the insurance provider’s stock worth $62,302,000 after buying an additional 11,874 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Safety Insurance Group by 1.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 706,384 shares of the insurance provider’s stock worth $64,175,000 after buying an additional 9,265 shares during the last quarter. Institutional investors own 91.79% of the company’s stock.

Insider Activity at Safety Insurance Group

In related news, VP James Berry sold 438 shares of the business’s stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $80.00, for a total transaction of $35,040.00. Following the completion of the transaction, the vice president now directly owns 28,437 shares in the company, valued at approximately $2,274,960. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In the last ninety days, insiders sold 1,405 shares of company stock worth $112,749. 4.20% of the stock is owned by company insiders.

Safety Insurance Group Price Performance

Shares of NASDAQ:SAFT opened at $71.98 on Monday. Safety Insurance Group, Inc. has a fifty-two week low of $67.71 and a fifty-two week high of $99.75. The business has a 50-day simple moving average of $73.37 and a two-hundred day simple moving average of $81.18. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.34 and a current ratio of 0.34. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 40.44 and a beta of 0.31.

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

Safety Insurance Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Thursday, June 1st will be paid a dividend of $0.90 per share. The ex-dividend date of this dividend is Wednesday, May 31st. This represents a $3.60 dividend on an annualized basis and a dividend yield of 5.00%. Safety Insurance Group’s dividend payout ratio (DPR) is presently 202.25%.

Analyst Ratings Changes

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

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.