Safety Insurance Group, Inc. (NASDAQ:SAFT) Shares Sold by Northstar Asset Management Inc.

Northstar Asset Management Inc. cut its holdings in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) by 0.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 67,632 shares of the insurance provider’s stock after selling 146 shares during the quarter. Northstar Asset Management Inc. owned about 0.46% of Safety Insurance Group worth $5,531,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SAFT. Bessemer Group Inc. lifted its stake in Safety Insurance Group by 458.9% in the 1st quarter. Bessemer Group Inc. now owns 313 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 257 shares in the last quarter. SG Americas Securities LLC acquired a new position in Safety Insurance Group during the first quarter worth $152,000. Robeco Institutional Asset Management B.V. purchased a new stake in Safety Insurance Group in the 3rd quarter valued at $202,000. Mutual of America Capital Management LLC acquired a new position in Safety Insurance Group in the 1st quarter valued at about $210,000. Finally, ProShare Advisors LLC increased its holdings in shares of Safety Insurance Group by 7.3% during the 1st quarter. ProShare Advisors LLC now owns 2,905 shares of the insurance provider’s stock worth $239,000 after buying an additional 198 shares during the last quarter. 81.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Safety Insurance Group

In related news, VP Glenn Hiltpold sold 389 shares of the business’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $84.41, for a total value of $32,835.49. Following the sale, the vice president now owns 11,204 shares in the company, valued at approximately $945,729.64. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 915 shares of company stock worth $75,125 over the last ninety days. Company insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded Safety Insurance Group from a “hold” rating to a “buy” rating in a research report on Thursday, September 5th.

Safety Insurance Group Trading Up 1.9 %

Shares of NASDAQ:SAFT opened at $79.77 on Wednesday. The business has a 50-day moving average price of $81.98 and a 200 day moving average price of $80.48. Safety Insurance Group, Inc. has a 12-month low of $71.99 and a 12-month high of $89.46. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of 23.12 and a beta of 0.17.

Safety Insurance Group (NASDAQ:SAFT) last released its quarterly earnings results on Wednesday, August 7th. The insurance provider reported $1.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.12). The company had revenue of $269.78 million during the quarter. Safety Insurance Group had a net margin of 4.96% and a return on equity of 5.53%.

Safety Insurance Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 4.51%. Safety Insurance Group’s dividend payout ratio (DPR) is 104.35%.

Safety Insurance Group Company 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.