Maryland State Retirement & Pension System Acquires 112 Shares of Safety Insurance Group, Inc. (NASDAQ:SAFT)

Date:



Maryland State Retirement & Pension System lifted its holdings in shares of Safety Insurance Group, Inc. (NASDAQ:SAFTGet Rating) by 2.0% in the first quarter, Holdings Channel.com reports. The fund owned 5,757 shares of the insurance provider’s stock after purchasing an additional 112 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Safety Insurance Group were worth $523,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. UMB Bank N A MO bought a new position in shares of Safety Insurance Group during the 4th quarter worth about $43,000. MBM Wealth Consultants LLC lifted its holdings in shares of Safety Insurance Group by 39.8% during the 4th quarter. MBM Wealth Consultants LLC now owns 520 shares of the insurance provider’s stock worth $44,000 after acquiring an additional 148 shares during the period. City State Bank bought a new position in shares of Safety Insurance Group during the 4th quarter worth about $62,000. US Asset Management LLC bought a new position in shares of Safety Insurance Group during the 1st quarter worth about $108,000. Finally, Captrust Financial Advisors lifted its holdings in Safety Insurance Group by 86.3% during the 3rd quarter. Captrust Financial Advisors now owns 1,371 shares of the insurance provider’s stock valued at $109,000 after purchasing an additional 635 shares during the last quarter. 79.46% of the stock is owned by institutional investors.

CHOOSE YOUR CHOICE GIFT CARD OFFER TODAY

Shares of SAFT stock opened at $94.53 on Friday. Safety Insurance Group, Inc. has a 12-month low of $74.45 and a 12-month high of $94.97. The company has a market capitalization of $1.39 billion, a P/E ratio of 13.89 and a beta of 0.35. The firm has a 50-day moving average price of $89.25 and a 200 day moving average price of $86.57. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.03.

Safety Insurance Group (NASDAQ:SAFTGet Rating) last announced its quarterly earnings results on Wednesday, May 4th. The insurance provider reported $0.99 earnings per share (EPS) for the quarter. Safety Insurance Group had a net margin of 11.93% and a return on equity of 10.10%. The firm had revenue of $195.00 million during the quarter.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 15th. Shareholders of record on Wednesday, June 1st were given a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 3.81%. The ex-dividend date of this dividend was Tuesday, May 31st. Safety Insurance Group’s payout ratio is presently 52.94%.

Separately, StockNews.com initiated coverage on shares of Safety Insurance Group in a report on Thursday, March 31st. They set a “hold” rating for the company.

In other Safety Insurance Group news, Director Peter J. Manning sold 2,000 shares of the firm’s stock in a transaction dated Thursday, June 2nd. The shares were sold at an average price of $90.93, for a total value of $181,860.00. Following the completion of the sale, the director now owns 5,000 shares in the company, valued at approximately $454,650. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 4.30% of the company’s stock.

Safety Insurance Group Company Profile (Get Rating)

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.

Recommended Stories

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:SAFTGet Rating).

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.



Source link

CHOOSE YOUR CHOICE GIFT CARD OFFER TODAY

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Related articles