Martingale Asset Management L P Has $1.45 Million Stake in Safety Insurance Group, Inc. (NASDAQ:SAFT)

Martingale Asset Management L P grew its position in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) by 9.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,692 shares of the insurance provider’s stock after buying an additional 1,512 shares during the quarter. Martingale Asset Management L P owned approximately 0.12% of Safety Insurance Group worth $1,447,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Robeco Institutional Asset Management B.V. bought a new stake in Safety Insurance Group during the 3rd quarter worth approximately $202,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Safety Insurance Group in the 3rd quarter worth $213,000. Everence Capital Management Inc. bought a new position in shares of Safety Insurance Group in the 3rd quarter worth $267,000. Creative Planning bought a new position in shares of Safety Insurance Group in the 3rd quarter worth $299,000. Finally, SG Americas Securities LLC bought a new position in shares of Safety Insurance Group in the 3rd quarter worth $364,000. 81.04% of the stock is currently owned by institutional investors.

Insider Activity

In other news, VP Glenn Hiltpold sold 389 shares of Safety Insurance Group stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $84.41, for a total value of $32,835.49. Following the completion of the sale, the vice president now directly owns 11,204 shares in the company, valued at approximately $945,729.64. The trade was a 3.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Safety Insurance Group from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th.

Safety Insurance Group Price Performance

SAFT opened at $85.84 on Monday. The business’s 50-day moving average price is $82.50 and its two-hundred day moving average price is $81.07. Safety Insurance Group, Inc. has a 1 year low of $71.99 and a 1 year high of $90.00. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of 17.00 and a beta of 0.17.

Safety Insurance Group (NASDAQ:SAFT) last announced its quarterly earnings data on Tuesday, November 5th. The insurance provider reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.40 by ($0.30). Safety Insurance Group had a net margin of 6.86% and a return on equity of 6.35%. The company had revenue of $295.28 million during the quarter.

Safety Insurance Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, December 2nd will be given a $0.90 dividend. The ex-dividend date is Monday, December 2nd. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.19%. Safety Insurance Group’s payout ratio is 71.29%.

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.