Safety Insurance Group, Inc. (NASDAQ:SAFT) Shares Sold by Northstar Asset Management Inc.

Northstar Asset Management Inc. cut its stake in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) by 0.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 70,519 shares of the insurance provider’s stock after selling 261 shares during the period. Safety Insurance Group comprises about 1.5% of Northstar Asset Management Inc.’s holdings, making the stock its 26th biggest holding. Northstar Asset Management Inc. owned 0.48% of Safety Insurance Group worth $5,359,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the stock. Exchange Traded Concepts LLC raised its position in Safety Insurance Group by 0.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 18,647 shares of the insurance provider’s stock worth $1,417,000 after acquiring an additional 148 shares during the period. Swiss National Bank raised its position in Safety Insurance Group by 0.9% during the third quarter. Swiss National Bank now owns 32,700 shares of the insurance provider’s stock worth $2,230,000 after acquiring an additional 300 shares during the period. Teacher Retirement System of Texas raised its position in Safety Insurance Group by 7.5% during the third quarter. Teacher Retirement System of Texas now owns 4,563 shares of the insurance provider’s stock worth $311,000 after acquiring an additional 319 shares during the period. Keybank National Association OH raised its position in Safety Insurance Group by 7.5% during the third quarter. Keybank National Association OH now owns 6,007 shares of the insurance provider’s stock worth $410,000 after acquiring an additional 420 shares during the period. Finally, HighTower Advisors LLC grew its holdings in shares of Safety Insurance Group by 13.3% during the third quarter. HighTower Advisors LLC now owns 5,531 shares of the insurance provider’s stock worth $386,000 after buying an additional 651 shares in the last quarter. 81.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SAFT has been the subject of a number of research reports. TheStreet raised shares of Safety Insurance Group from a “c+” rating to a “b” rating in a report on Tuesday, February 27th. StockNews.com raised shares of Safety Insurance Group from a “hold” rating to a “buy” rating in a report on Friday, May 10th.

Insiders Place Their Bets

In other Safety Insurance Group news, VP Stephen Albert Varga sold 900 shares of the stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $79.35, for a total transaction of $71,415.00. Following the completion of the transaction, the vice president now owns 28,465 shares of the company’s stock, valued at $2,258,697.75. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.00% of the stock is currently owned by insiders.

Safety Insurance Group Price Performance

Shares of SAFT traded down $1.74 during mid-day trading on Thursday, reaching $76.80. The stock had a trading volume of 45,990 shares, compared to its average volume of 52,612. Safety Insurance Group, Inc. has a 52-week low of $65.78 and a 52-week high of $88.72. The business’s fifty day moving average is $80.31 and its 200 day moving average is $79.73. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of 22.13 and a beta of 0.19.

Safety Insurance Group (NASDAQ:SAFT) last announced its quarterly earnings data on Tuesday, February 27th. The insurance provider reported $0.30 earnings per share (EPS) for the quarter. The firm had revenue of $258.40 million during the quarter. Safety Insurance Group had a net margin of 5.20% and a return on equity of 4.90%.

Safety Insurance Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Monday, June 3rd will be paid a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 4.69%. The ex-dividend date is Monday, June 3rd. Safety Insurance Group’s dividend payout ratio (DPR) is presently 103.75%.

About Safety Insurance Group

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.