Russell Investments Group Ltd. Has $1.80 Million Stock Holdings in Safety Insurance Group, Inc. (NASDAQ:SAFT)

Russell Investments Group Ltd. increased its position in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT – Get Rating) by 36.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,390 shares of the insurance provider’s stock after acquiring an additional 5,768 shares during the period. Russell Investments Group Ltd. owned about 0.15% of Safety Insurance Group worth $1,802,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of SAFT. Point72 Hong Kong Ltd purchased a new stake in shares of Safety Insurance Group during the third quarter worth $30,000. US Asset Management LLC purchased a new stake in shares of Safety Insurance Group during the fourth quarter worth $102,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Safety Insurance Group by 31.0% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,233 shares of the insurance provider’s stock worth $182,000 after acquiring an additional 528 shares in the last quarter. Inspire Investing LLC raised its holdings in shares of Safety Insurance Group by 16.2% during the third quarter. Inspire Investing LLC now owns 2,537 shares of the insurance provider’s stock worth $207,000 after acquiring an additional 354 shares in the last quarter. Finally, Captrust Financial Advisors raised its holdings in shares of Safety Insurance Group by 5.5% during the third quarter. Captrust Financial Advisors now owns 2,606 shares of the insurance provider’s stock worth $213,000 after acquiring an additional 136 shares in the last quarter. 91.79% of the stock is currently owned by hedge funds and other institutional investors.

Safety Insurance Group Price Performance

NASDAQ SAFT opened at $73.10 on Tuesday. Safety Insurance Group, Inc. has a fifty-two week low of $67.71 and a fifty-two week high of $99.75. The stock’s 50-day moving average is $73.37 and its two-hundred day moving average is $81.18. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.34 and a quick ratio of 0.34. The firm has a market cap of $1.09 billion, a P/E ratio of 41.07 and a beta of 0.31.

Safety Insurance Group (NASDAQ:SAFT – Get Rating) last posted its earnings results on Wednesday, February 22nd. The insurance provider reported $0.98 earnings per share 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 business also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st will be issued a dividend of $0.90 per share. The ex-dividend date is Wednesday, May 31st. This represents a $3.60 annualized dividend and a yield of 4.92%. Safety Insurance Group’s dividend payout ratio (DPR) is currently 202.25%.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Safety Insurance Group in a report on Thursday, May 18th. They set a “hold” rating for the company.

Insider Buying and Selling at Safety Insurance Group

In other news, VP James Berry sold 328 shares of Safety Insurance Group stock in a transaction dated Monday, February 27th. The stock was sold at an average price of $81.30, for a total value of $26,666.40. Following the transaction, the vice president now directly owns 29,233 shares in the company, valued at $2,376,642.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 1,405 shares of company stock worth $112,749 over the last three months. Corporate insiders own 4.20% of the company’s stock.

Safety Insurance Group 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.