Westwood Holdings Group Inc. grew its position in Safety Insurance Group, Inc. (NASDAQ:SAFT) by 0.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 154,125 shares of the insurance provider’s stock after acquiring an additional 930 shares during the period. Westwood Holdings Group Inc. owned about 1.01% of Safety Insurance Group worth $12,392,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. American International Group Inc. grew its position in shares of Safety Insurance Group by 6.8% in the 3rd quarter. American International Group Inc. now owns 11,648 shares of the insurance provider’s stock valued at $889,000 after acquiring an additional 743 shares during the period. First Manhattan Co. lifted its stake in shares of Safety Insurance Group by 3.0% during the 4th quarter. First Manhattan Co. now owns 30,730 shares of the insurance provider’s stock worth $2,470,000 after buying an additional 900 shares during the last quarter. Aperio Group LLC lifted its stake in shares of Safety Insurance Group by 9.6% during the 4th quarter. Aperio Group LLC now owns 10,376 shares of the insurance provider’s stock worth $834,000 after buying an additional 913 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of Safety Insurance Group by 67.2% during the 3rd quarter. SG Americas Securities LLC now owns 2,450 shares of the insurance provider’s stock worth $187,000 after buying an additional 985 shares during the last quarter. Finally, Swiss National Bank lifted its stake in shares of Safety Insurance Group by 4.2% during the 4th quarter. Swiss National Bank now owns 24,600 shares of the insurance provider’s stock worth $1,978,000 after buying an additional 1,000 shares during the last quarter. 82.41% of the stock is owned by institutional investors.

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In other news, Director David F. Brussard sold 451 shares of the firm’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $80.01, for a total transaction of $36,084.51. Following the completion of the sale, the director now owns 12,077 shares in the company, valued at approximately $966,280.77. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP David E. Krupa sold 7,000 shares of the firm’s stock in a transaction dated Thursday, December 28th. The stock was sold at an average price of $80.30, for a total transaction of $562,100.00. Following the sale, the vice president now owns 22,925 shares of the company’s stock, valued at approximately $1,840,877.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,451 shares of company stock valued at $1,160,285. 4.90% of the stock is currently owned by corporate insiders.

Shares of Safety Insurance Group, Inc. (SAFT) opened at $77.85 on Tuesday. The stock has a market cap of $1,184.80, a PE ratio of 19.08 and a beta of 0.76. Safety Insurance Group, Inc. has a 12 month low of $65.75 and a 12 month high of $84.00.

Safety Insurance Group (NASDAQ:SAFT) last posted its earnings results on Monday, February 26th. The insurance provider reported $0.72 earnings per share (EPS) for the quarter. The company had revenue of $213.57 million during the quarter. Safety Insurance Group had a net margin of 7.43% and a return on equity of 8.99%.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st were paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.11%. The ex-dividend date of this dividend was Wednesday, February 28th. Safety Insurance Group’s dividend payout ratio is presently 78.43%.

A number of analysts have recently issued reports on the stock. BidaskClub upgraded shares of Safety Insurance Group from a “sell” rating to a “hold” rating in a research note on Tuesday, March 6th. Compass Point upgraded shares of Safety Insurance Group from a “sell” rating to a “neutral” rating and set a $70.00 target price for the company in a research note on Thursday, March 8th.

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Safety Insurance Group 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.

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

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