Safety Insurance Group, Inc. (NASDAQ:SAFT) Stake Boosted by Victory Capital Management Inc.

Victory Capital Management Inc. increased its stake in Safety Insurance Group, Inc. (NASDAQ:SAFT) by 1.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,174,371 shares of the insurance provider’s stock after purchasing an additional 19,004 shares during the period. Victory Capital Management Inc. owned 7.94% of Safety Insurance Group worth $89,240,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new position in Safety Insurance Group in the 3rd quarter worth about $299,000. Inspire Investing LLC boosted its position in Safety Insurance Group by 3.2% during the 3rd quarter. Inspire Investing LLC now owns 4,513 shares of the insurance provider’s stock worth $308,000 after acquiring an additional 141 shares during the period. Teacher Retirement System of Texas grew its stake in shares of Safety Insurance Group by 7.5% in the third quarter. Teacher Retirement System of Texas now owns 4,563 shares of the insurance provider’s stock worth $311,000 after purchasing an additional 319 shares in the last quarter. WINTON GROUP Ltd increased its holdings in shares of Safety Insurance Group by 58.9% during the third quarter. WINTON GROUP Ltd now owns 4,966 shares of the insurance provider’s stock valued at $339,000 after purchasing an additional 1,840 shares during the period. Finally, HighTower Advisors LLC raised its stake in shares of Safety Insurance Group by 13.3% during the third quarter. HighTower Advisors LLC now owns 5,531 shares of the insurance provider’s stock valued at $386,000 after purchasing an additional 651 shares in the last quarter. Institutional investors and hedge funds own 81.04% of the company’s stock.

Analyst Ratings Changes

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

Safety Insurance Group Price Performance

Shares of NASDAQ:SAFT opened at $79.40 on Friday. The stock’s 50 day moving average price is $80.32 and its 200 day moving average price is $79.17. 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 stock has a market cap of $1.18 billion, a price-to-earnings ratio of 62.52 and a beta of 0.19. Safety Insurance Group, Inc. has a 12 month low of $65.78 and a 12 month high of $88.72.

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

Safety Insurance Group Announces Dividend

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

Insider Buying and Selling

In other news, VP Stephen Albert Varga sold 900 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $79.35, for a total transaction of $71,415.00. Following the completion of the sale, the vice president now owns 28,465 shares in the company, valued at approximately $2,258,697.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.00% of the stock is currently owned by insiders.

About Safety Insurance Group

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.