TD Asset Management Inc cut its holdings in Safety Insurance Group, Inc. (NASDAQ:SAFT – Free Report) by 12.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 93,900 shares of the insurance provider’s stock after selling 13,600 shares during the quarter. TD Asset Management Inc owned 0.63% of Safety Insurance Group worth $6,735,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Swiss National Bank increased its position in shares of Safety Insurance Group by 1.9% during the second quarter. Swiss National Bank now owns 32,400 shares of the insurance provider’s stock worth $2,324,000 after purchasing an additional 600 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Safety Insurance Group by 7.7% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 16,804 shares of the insurance provider’s stock worth $1,205,000 after purchasing an additional 1,199 shares in the last quarter. Triumph Capital Management increased its position in shares of Safety Insurance Group by 4.3% during the second quarter. Triumph Capital Management now owns 7,287 shares of the insurance provider’s stock worth $523,000 after purchasing an additional 300 shares in the last quarter. Northstar Asset Management Inc. increased its position in shares of Safety Insurance Group by 17.7% during the second quarter. Northstar Asset Management Inc. now owns 69,215 shares of the insurance provider’s stock worth $4,964,000 after purchasing an additional 10,400 shares in the last quarter. Finally, Bank of Montreal Can purchased a new stake in shares of Safety Insurance Group during the second quarter worth approximately $248,000. 79.74% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Separately, StockNews.com started coverage on Safety Insurance Group in a research report on Thursday, October 5th. They set a “hold” rating for the company.
Safety Insurance Group Stock Down 0.5 %
Shares of NASDAQ:SAFT opened at $75.93 on Tuesday. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.04. The business has a fifty day moving average of $72.64 and a two-hundred day moving average of $71.51. The stock has a market cap of $1.12 billion, a P/E ratio of 35.99 and a beta of 0.23. Safety Insurance Group, Inc. has a 52-week low of $65.78 and a 52-week high of $92.61.
Safety Insurance Group Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 4.74%. The ex-dividend date is Thursday, November 30th. Safety Insurance Group’s dividend payout ratio (DPR) is presently 170.62%.
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.
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