Safety Insurance Group, Inc. $SAFT Stock Position Raised by UBS Group AG

UBS Group AG lifted its stake in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) by 118.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 29,255 shares of the insurance provider’s stock after acquiring an additional 15,855 shares during the quarter. UBS Group AG’s holdings in Safety Insurance Group were worth $2,279,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. TABR Capital Management LLC bought a new stake in shares of Safety Insurance Group during the 4th quarter worth $2,935,000. Tudor Investment Corp ET AL boosted its stake in shares of Safety Insurance Group by 285.7% during the 3rd quarter. Tudor Investment Corp ET AL now owns 28,204 shares of the insurance provider’s stock worth $1,994,000 after acquiring an additional 20,892 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in shares of Safety Insurance Group by 50.3% during the 3rd quarter. Teacher Retirement System of Texas now owns 70,705 shares of the insurance provider’s stock worth $4,998,000 after acquiring an additional 23,671 shares in the last quarter. AlphaQuest LLC boosted its stake in shares of Safety Insurance Group by 74.4% during the 3rd quarter. AlphaQuest LLC now owns 18,441 shares of the insurance provider’s stock worth $1,304,000 after acquiring an additional 7,870 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Safety Insurance Group during the 3rd quarter worth $864,000. 81.04% of the stock is owned by institutional investors.

Safety Insurance Group Price Performance

Shares of NASDAQ:SAFT opened at $71.26 on Thursday. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.06. Safety Insurance Group, Inc. has a 1 year low of $67.04 and a 1 year high of $83.71. The business has a fifty day simple moving average of $73.57 and a 200 day simple moving average of $75.76. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 16.85 and a beta of 0.24.

Safety Insurance Group (NASDAQ:SAFT) last announced its quarterly earnings data on Wednesday, May 6th. The insurance provider reported ($0.72) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.45 by ($2.17). Safety Insurance Group had a return on equity of 6.31% and a net margin of 4.94%.The firm had revenue of $314.67 million for the quarter, compared to analysts’ expectations of $315.01 million.

Safety Insurance Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Monday, June 1st will be issued a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a dividend yield of 5.2%. The ex-dividend date is Monday, June 1st. Safety Insurance Group’s dividend payout ratio (DPR) is currently 87.00%.

Insider Activity

In related news, major shareholder Corp Srb sold 14,151 shares of the stock in a transaction on Friday, March 20th. The stock was sold at an average price of $71.12, for a total transaction of $1,006,419.12. Following the completion of the sale, the insider directly owned 1,794,655 shares in the company, valued at approximately $127,635,863.60. This trade represents a 0.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.20% of the company’s stock.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered Safety Insurance Group from a “hold” rating to a “sell” rating in a research note on Sunday, May 17th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

About Safety Insurance Group

Safety Insurance Group, Inc is a publicly traded property and casualty insurance holding company incorporated in Massachusetts in 1994. Its principal subsidiary, Safety Insurance Company, traces its roots back to 1923 and has since evolved into a regional personal lines insurer. The company is headquartered in Boston, Massachusetts, and trades on the Nasdaq under the symbol SAFT.

Safety Insurance Group focuses primarily on private passenger automobile and homeowners insurance products, along with dwelling fire, umbrella liability, and certain commercial auto coverages.