GSA Capital Partners LLP acquired a new stake in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,096 shares of the insurance provider’s stock, valued at approximately $283,000.

Other large investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its position in shares of Safety Insurance Group by 21.2% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 233,743 shares of the insurance provider’s stock valued at $17,826,000 after buying an additional 40,932 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in Safety Insurance Group by 523.4% during the second quarter. Victory Capital Management Inc. now owns 161,771 shares of the insurance provider’s stock valued at $12,337,000 after purchasing an additional 135,821 shares during the last quarter. TD Asset Management Inc. boosted its position in Safety Insurance Group by 13.5% during the second quarter. TD Asset Management Inc. now owns 129,762 shares of the insurance provider’s stock worth $9,896,000 after purchasing an additional 15,400 shares during the period. Nuveen Asset Management LLC increased its stake in shares of Safety Insurance Group by 3.1% in the second quarter. Nuveen Asset Management LLC now owns 71,243 shares of the insurance provider’s stock worth $5,433,000 after purchasing an additional 2,165 shares in the last quarter. Finally, WINTON GROUP Ltd raised its position in shares of Safety Insurance Group by 310.3% in the second quarter. WINTON GROUP Ltd now owns 65,805 shares of the insurance provider’s stock valued at $5,018,000 after purchasing an additional 49,766 shares during the period. 80.71% of the stock is owned by institutional investors and hedge funds.

Shares of SAFT opened at $74.30 on Friday. The stock’s 50-day simple moving average is $70.41 and its 200 day simple moving average is $73.98. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 13.56 and a beta of 0.31. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.37 and a current ratio of 0.37. Safety Insurance Group, Inc. has a 52-week low of $65.45 and a 52-week high of $99.63.

Safety Insurance Group (NASDAQ:SAFT) last announced its quarterly earnings results on Wednesday, November 4th. The insurance provider reported $2.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.45 by $1.08. Safety Insurance Group had a return on equity of 11.49% and a net margin of 10.17%.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st will be issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 4.85%. The ex-dividend date is Monday, November 30th.

In other Safety Insurance Group news, major shareholder Corp Srb bought 650 shares of the firm’s stock in a transaction on Wednesday, November 4th. The shares were acquired at an average cost of $69.97 per share, for a total transaction of $45,480.50. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Frederic H. Lindeberg purchased 1,000 shares of the stock in a transaction on Tuesday, September 1st. The stock was acquired at an average cost of $71.58 per share, for a total transaction of $71,580.00. Following the acquisition, the director now owns 19,000 shares in the company, valued at $1,360,020. The disclosure for this purchase can be found here. Insiders acquired a total of 34,715 shares of company stock worth $2,410,476 over the last quarter. Corporate insiders own 4.80% of the company’s stock.

Separately, BidaskClub cut shares of Safety Insurance Group from a “hold” rating to a “sell” rating in a report on Saturday, November 7th.

Safety Insurance Group Company Profile

Safety Insurance Group, Inc provides private passenger and commercial automobile, and homeowner insurance in the United States. The company's private passenger automobile policies offer coverage for bodily injury and property damage to others, no-fault personal injury coverage for the insured/insured's car occupants, and physical damage coverage for an insured's own vehicle for collision or other perils.

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Institutional Ownership by Quarter for Safety Insurance Group (NASDAQ:SAFT)

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