American International Group Inc. boosted its holdings in Safety Insurance Group, Inc. (NASDAQ:SAFT) by 6.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,648 shares of the insurance provider’s stock after acquiring an additional 743 shares during the period. American International Group Inc. owned 0.08% of Safety Insurance Group worth $889,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Safety Insurance Group by 3.3% in the second quarter. Vanguard Group Inc. now owns 1,382,190 shares of the insurance provider’s stock valued at $94,404,000 after acquiring an additional 43,812 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in Safety Insurance Group by 62.3% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 10,345 shares of the insurance provider’s stock valued at $789,000 after acquiring an additional 3,970 shares during the last quarter. Old Mutual Global Investors UK Ltd. acquired a new position in Safety Insurance Group in the second quarter valued at approximately $1,799,000. Teachers Advisors LLC lifted its holdings in Safety Insurance Group by 11.2% in the second quarter. Teachers Advisors LLC now owns 27,265 shares of the insurance provider’s stock valued at $1,862,000 after acquiring an additional 2,738 shares during the last quarter. Finally, OxFORD Asset Management LLP acquired a new position in Safety Insurance Group in the second quarter valued at approximately $507,000. Hedge funds and other institutional investors own 78.59% of the company’s stock.

Safety Insurance Group, Inc. (NASDAQ SAFT) opened at $79.30 on Thursday. Safety Insurance Group, Inc. has a 52 week low of $65.75 and a 52 week high of $84.00. The company has a market capitalization of $1,231.78, a price-to-earnings ratio of 19.59 and a beta of 0.78.

The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date was Thursday, November 30th. Safety Insurance Group’s dividend payout ratio (DPR) is 77.11%.

In other Safety Insurance Group news, Director David F. Brussard sold 14,549 shares of the company’s stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $81.36, for a total transaction of $1,183,706.64. Following the transaction, the director now directly owns 12,077 shares in the company, valued at $982,584.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Frederic H. Lindeberg sold 1,000 shares of the company’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $83.16, for a total value of $83,160.00. Following the transaction, the director now owns 19,000 shares in the company, valued at $1,580,040. The disclosure for this sale can be found here. Insiders have sold 19,054 shares of company stock worth $1,551,982 over the last 90 days. 4.90% of the stock is owned by insiders.

SAFT has been the topic of a number of research reports. BidaskClub cut Safety Insurance Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, December 7th. Compass Point cut Safety Insurance Group from a “neutral” rating to a “sell” rating in a research note on Monday, October 16th.

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Safety Insurance Group Company Profile

Safety Insurance Group, Inc is a provider of private passenger automobile insurance. The Company offers a portfolio of property and casualty insurance products. The Company is engaged in property and casualty insurance operations. The Company’s product line includes private passenger automobile, commercial automobile, homeowners, business owners’ policies, personal umbrella, dwelling fire, commercial umbrella, inland marine and watercraft.

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

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