Swiss National Bank Buys 600 Shares of Safety Insurance Group, Inc. (NASDAQ:SAFT)

Swiss National Bank lifted its stake in Safety Insurance Group, Inc. (NASDAQ:SAFT – Get Rating) by 1.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,600 shares of the insurance provider’s stock after purchasing an additional 600 shares during the quarter. Swiss National Bank owned about 0.24% of Safety Insurance Group worth $3,000,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. raised its holdings in Safety Insurance Group by 36.9% in the 4th quarter. Russell Investments Group Ltd. now owns 21,390 shares of the insurance provider’s stock worth $1,802,000 after acquiring an additional 5,768 shares during the last quarter. Arizona State Retirement System raised its stake in Safety Insurance Group by 3.8% during the 4th quarter. Arizona State Retirement System now owns 4,159 shares of the insurance provider’s stock valued at $350,000 after buying an additional 153 shares during the last quarter. US Asset Management LLC purchased a new stake in Safety Insurance Group during the 4th quarter valued at $102,000. Commonwealth Equity Services LLC raised its stake in Safety Insurance Group by 4.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 2,886 shares of the insurance provider’s stock valued at $243,000 after buying an additional 128 shares during the last quarter. Finally, LPL Financial LLC purchased a new stake in Safety Insurance Group during the 4th quarter valued at $273,000. 91.79% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Safety Insurance Group in a research note on Thursday, May 18th. They set a “hold” rating for the company.

Safety Insurance Group Price Performance

Shares of SAFT opened at $73.10 on Tuesday. The firm has a market cap of $1.09 billion, a PE ratio of 41.07 and a beta of 0.31. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.06. The firm has a fifty day simple moving average of $73.37 and a two-hundred day simple moving average of $81.18. Safety Insurance Group, Inc. has a 1-year low of $67.71 and a 1-year high of $99.75.

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

Safety Insurance Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st will be paid a $0.90 dividend. The ex-dividend date is Wednesday, May 31st. This represents a $3.60 annualized dividend and a dividend yield of 4.92%. Safety Insurance Group’s dividend payout ratio (DPR) is 202.25%.

Insider Transactions at Safety Insurance Group

In other news, VP James Berry sold 438 shares of the company’s stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $80.00, for a total value of $35,040.00. Following the completion of the sale, the vice president now directly owns 28,437 shares in the company, valued at approximately $2,274,960. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 1,405 shares of company stock worth $112,749 in the last three months. Corporate insiders own 4.20% of the company’s 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.