Assenagon Asset Management S.A. decreased its position in Safety Insurance Group, Inc. (NASDAQ:SAFT – Get Rating) by 53.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 37,218 shares of the insurance provider’s stock after selling 42,914 shares during the period. Assenagon Asset Management S.A.’s holdings in Safety Insurance Group were worth $3,381,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Maryland State Retirement & Pension System increased its holdings in Safety Insurance Group by 2.0% in the first quarter. Maryland State Retirement & Pension System now owns 5,757 shares of the insurance provider’s stock valued at $523,000 after buying an additional 112 shares in the last quarter. Advisor Partners LLC increased its holdings in Safety Insurance Group by 4.8% in the fourth quarter. Advisor Partners LLC now owns 3,212 shares of the insurance provider’s stock valued at $274,000 after buying an additional 147 shares in the last quarter. MBM Wealth Consultants LLC increased its holdings in Safety Insurance Group by 39.8% in the fourth quarter. MBM Wealth Consultants LLC now owns 520 shares of the insurance provider’s stock valued at $44,000 after buying an additional 148 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Safety Insurance Group by 20.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,705 shares of the insurance provider’s stock valued at $155,000 after buying an additional 292 shares in the last quarter. Finally, UMB Bank N A MO purchased a new position in Safety Insurance Group in the fourth quarter valued at $43,000. 79.46% of the stock is owned by institutional investors.
Separately, StockNews.com began coverage on shares of Safety Insurance Group in a research report on Thursday, March 31st. They issued a “hold” rating on the stock.
In other Safety Insurance Group news, Director Peter J. Manning sold 2,000 shares of the business’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 transaction, the director now directly owns 5,000 shares in the company, valued at approximately $454,650. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.30% of the company’s stock.
SAFT opened at $97.61 on Tuesday. The firm has a market capitalization of $1.44 billion, a PE ratio of 14.35 and a beta of 0.30. Safety Insurance Group, Inc. has a twelve month low of $74.45 and a twelve month high of $99.75. The firm’s 50-day moving average price is $91.23 and its 200 day moving average price is $88.09. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.03.
Safety Insurance Group (NASDAQ:SAFT – Get Rating) last posted its quarterly earnings results on Wednesday, May 4th. The insurance provider reported $0.99 earnings per share for the quarter. The firm had revenue of $195.00 million for the quarter. Safety Insurance Group had a net margin of 11.93% and a return on equity of 10.10%.
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 15th. Shareholders of record on Wednesday, June 1st were issued a $0.90 dividend. The ex-dividend date was Tuesday, May 31st. This represents a $3.60 annualized dividend and a yield of 3.69%. Safety Insurance Group’s payout ratio is 52.94%.
About Safety Insurance Group (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.
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.