Victory Capital Management Inc. Purchases 19,004 Shares of Safety Insurance Group, Inc. (NASDAQ:SAFT)

Victory Capital Management Inc. raised its holdings in Safety Insurance Group, Inc. (NASDAQ:SAFT) by 1.6% during the fourth quarter, HoldingsChannel reports. The firm owned 1,174,371 shares of the insurance provider’s stock after acquiring an additional 19,004 shares during the quarter. Victory Capital Management Inc. owned 0.08% of Safety Insurance Group worth $89,240,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of SAFT. Charles Schwab Investment Management Inc. increased its position in Safety Insurance Group by 6.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 206,693 shares of the insurance provider’s stock worth $14,094,000 after purchasing an additional 13,430 shares in the last quarter. Northstar Asset Management Inc. increased its holdings in shares of Safety Insurance Group by 2.3% during the third quarter. Northstar Asset Management Inc. now owns 70,780 shares of the insurance provider’s stock worth $4,826,000 after buying an additional 1,565 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Safety Insurance Group by 22.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 48,031 shares of the insurance provider’s stock worth $3,650,000 after buying an additional 8,786 shares in the last quarter. Carl P. Sherr & Co. LLC lifted its stake in shares of Safety Insurance Group by 6.7% in the 3rd quarter. Carl P. Sherr & Co. LLC now owns 34,180 shares of the insurance provider’s stock valued at $2,331,000 after acquiring an additional 2,137 shares during the last quarter. Finally, Swiss National Bank boosted its holdings in shares of Safety Insurance Group by 0.9% during the 3rd quarter. Swiss National Bank now owns 32,700 shares of the insurance provider’s stock valued at $2,230,000 after acquiring an additional 300 shares in the last quarter. Institutional investors own 81.04% of the company’s stock.

Insider Buying and Selling

In other news, VP Stephen Albert Varga sold 900 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $79.35, for a total value of $71,415.00. Following the transaction, the vice president now owns 28,465 shares in the company, valued at approximately $2,258,697.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.00% of the stock is owned by insiders.

Analyst Ratings Changes

Separately, TheStreet raised Safety Insurance Group from a “c+” rating to a “b” rating in a report on Tuesday, February 27th.

Safety Insurance Group Stock Down 2.0 %

NASDAQ:SAFT opened at $79.40 on Friday. Safety Insurance Group, Inc. has a one year low of $65.78 and a one year high of $88.72. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.38 and a quick ratio of 0.38. The company has a market cap of $1.18 billion, a PE ratio of 62.52 and a beta of 0.19. The firm’s 50 day simple moving average is $80.32 and its 200 day simple moving average is $79.17.

Safety Insurance Group (NASDAQ:SAFT) last released its quarterly earnings results on Tuesday, February 27th. The insurance provider reported $0.30 earnings per share (EPS) for the quarter. Safety Insurance Group had a net margin of 2.03% and a return on equity of 1.56%. The firm had revenue of $258.40 million during the quarter.

Safety Insurance Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a $0.90 dividend. The ex-dividend date was Thursday, February 29th. This represents a $3.60 annualized dividend and a dividend yield of 4.53%. Safety Insurance Group’s payout ratio is 283.47%.

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.