Thomson Horstmann & Bryant Inc. Acquires 1,307 Shares of Safety Insurance Group, Inc. (SAFT)

Thomson Horstmann & Bryant Inc. boosted its holdings in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) by 14.9% in the 4th quarter, Holdings Channel reports. The firm owned 10,086 shares of the insurance provider’s stock after buying an additional 1,307 shares during the period. Thomson Horstmann & Bryant Inc.’s holdings in Safety Insurance Group were worth $810,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in SAFT. Vanguard Group Inc. lifted its stake in Safety Insurance Group by 3.3% during the second quarter. Vanguard Group Inc. now owns 1,382,190 shares of the insurance provider’s stock valued at $94,404,000 after purchasing an additional 43,812 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Safety Insurance Group by 10.5% during the second quarter. Renaissance Technologies LLC now owns 343,686 shares of the insurance provider’s stock valued at $23,474,000 after purchasing an additional 32,700 shares during the last quarter. Wells Fargo & Company MN lifted its stake in Safety Insurance Group by 54.2% during the third quarter. Wells Fargo & Company MN now owns 79,308 shares of the insurance provider’s stock valued at $6,052,000 after purchasing an additional 27,860 shares during the last quarter. Westwood Holdings Group Inc. lifted its stake in Safety Insurance Group by 25.1% during the second quarter. Westwood Holdings Group Inc. now owns 123,365 shares of the insurance provider’s stock valued at $8,426,000 after purchasing an additional 24,745 shares during the last quarter. Finally, Systematic Financial Management LP purchased a new stake in shares of Safety Insurance Group in the 2nd quarter valued at approximately $1,631,000. 78.59% of the stock is owned by institutional investors and hedge funds.

In related news, VP David E. Krupa sold 7,000 shares of the company’s stock in a transaction that occurred on Thursday, December 28th. The shares were sold at an average price of $80.30, for a total value of $562,100.00. Following the completion of the sale, the vice president now owns 22,925 shares in the company, valued at approximately $1,840,877.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Frederic H. Lindeberg sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $82.35, for a total transaction of $164,700.00. Following the completion of the sale, the director now owns 20,000 shares of the company’s stock, valued at approximately $1,647,000. The disclosure for this sale can be found here. In the last 90 days, insiders sold 33,505 shares of company stock valued at $2,712,266. 4.90% of the stock is owned by insiders.

Shares of Safety Insurance Group, Inc. (NASDAQ SAFT) opened at $79.65 on Friday. The company has a market cap of $1,190.00, a P/E ratio of 19.24 and a beta of 0.79. Safety Insurance Group, Inc. has a 12-month low of $65.75 and a 12-month high of $84.00.

The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were given a $0.80 dividend. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $3.20 annualized dividend and a dividend yield of 4.02%. Safety Insurance Group’s dividend payout ratio (DPR) is presently 77.29%.

Several equities research analysts recently commented on the stock. BidaskClub downgraded shares of Safety Insurance Group from a “hold” rating to a “sell” rating in a research report on Thursday. Compass Point downgraded shares of Safety Insurance Group from a “neutral” rating to a “sell” rating in a research report on Monday, October 16th.

ILLEGAL ACTIVITY WARNING: This piece of content was published by Community Financial News and is the sole property of of Community Financial News. If you are viewing this piece of content on another website, it was illegally copied and republished in violation of US and international copyright & trademark laws. The legal version of this piece of content can be viewed at https://www.com-unik.info/2018/01/12/thomson-horstmann-bryant-inc-acquires-1307-shares-of-safety-insurance-group-inc-saft.html.

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.

Want to see what other hedge funds are holding SAFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Safety Insurance Group, Inc. (NASDAQ:SAFT).

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

Receive News & Ratings for Safety Insurance Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Safety Insurance Group and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit