Safety Insurance Group, Inc. (NASDAQ:SAFT) Stock Position Lifted by Mitsubishi UFJ Asset Management UK Ltd.

Mitsubishi UFJ Asset Management UK Ltd. grew its position in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) by 19.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 12,500 shares of the insurance provider’s stock after purchasing an additional 2,000 shares during the quarter. Mitsubishi UFJ Asset Management UK Ltd. owned 0.08% of Safety Insurance Group worth $986,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Parallel Advisors LLC boosted its position in shares of Safety Insurance Group by 169.9% in the first quarter. Parallel Advisors LLC now owns 448 shares of the insurance provider’s stock worth $35,000 after buying an additional 282 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Safety Insurance Group by 4.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,345 shares of the insurance provider’s stock worth $688,000 after purchasing an additional 318 shares during the period. GAMMA Investing LLC increased its stake in shares of Safety Insurance Group by 67.9% in the first quarter. GAMMA Investing LLC now owns 811 shares of the insurance provider’s stock worth $64,000 after purchasing an additional 328 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Safety Insurance Group in the fourth quarter worth about $34,000. Finally, Sterling Capital Management LLC increased its stake in shares of Safety Insurance Group by 823.5% in the fourth quarter. Sterling Capital Management LLC now owns 471 shares of the insurance provider’s stock worth $39,000 after purchasing an additional 420 shares during the period. 81.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Safety Insurance Group

In related news, Director Dennis J. Langwell purchased 2,000 shares of the firm’s stock in a transaction on Monday, August 11th. The stock was purchased at an average cost of $71.49 per share, for a total transaction of $142,980.00. Following the completion of the purchase, the director directly owned 6,000 shares in the company, valued at $428,940. This trade represents a 50.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.00% of the company’s stock.

Safety Insurance Group Trading Up 0.7%

SAFT stock opened at $73.85 on Thursday. The firm has a market cap of $1.10 billion, a P/E ratio of 12.93 and a beta of 0.26. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.03. Safety Insurance Group, Inc. has a 1-year low of $68.76 and a 1-year high of $90.00. The business’s 50 day moving average is $74.85 and its 200-day moving average is $77.12.

Safety Insurance Group (NASDAQ:SAFT) last posted its quarterly earnings data on Wednesday, August 6th. The insurance provider reported $1.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.60 by ($0.15). The firm had revenue of $345.83 million for the quarter. Safety Insurance Group had a return on equity of 8.34% and a net margin of 7.07%.

Safety Insurance Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd will be issued a dividend of $0.92 per share. This is a boost from Safety Insurance Group’s previous quarterly dividend of $0.90. The ex-dividend date is Tuesday, September 2nd. This represents a $3.68 dividend on an annualized basis and a yield of 5.0%. Safety Insurance Group’s dividend payout ratio is currently 63.05%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered Safety Insurance Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th.

Safety Insurance Group Profile

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.