Voya Investment Management LLC Has $392,000 Holdings in Safety Insurance Group, Inc. (NASDAQ:SAFT)

Voya Investment Management LLC decreased its position in Safety Insurance Group, Inc. (NASDAQ:SAFT) by 7.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,756 shares of the insurance provider’s stock after selling 384 shares during the period. Voya Investment Management LLC’s holdings in Safety Insurance Group were worth $392,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Signaturefd LLC lifted its stake in shares of Safety Insurance Group by 94.9% in the 4th quarter. Signaturefd LLC now owns 308 shares of the insurance provider’s stock valued at $25,000 after purchasing an additional 150 shares during the period. Sterling Capital Management LLC lifted its stake in Safety Insurance Group by 823.5% in the fourth quarter. Sterling Capital Management LLC now owns 471 shares of the insurance provider’s stock valued at $39,000 after buying an additional 420 shares during the period. KBC Group NV boosted its holdings in shares of Safety Insurance Group by 52.2% during the 4th quarter. KBC Group NV now owns 1,000 shares of the insurance provider’s stock worth $82,000 after buying an additional 343 shares in the last quarter. Ieq Capital LLC acquired a new stake in shares of Safety Insurance Group during the 4th quarter worth approximately $279,000. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Safety Insurance Group in the 4th quarter valued at $280,000. Institutional investors own 81.04% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Safety Insurance Group from a “buy” rating to a “hold” rating in a research note on Thursday, February 27th.

Safety Insurance Group Price Performance

Shares of Safety Insurance Group stock opened at $78.43 on Friday. The business has a 50-day simple moving average of $77.15 and a 200 day simple moving average of $79.76. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 15.53 and a beta of 0.22. Safety Insurance Group, Inc. has a one year low of $70.71 and a one year high of $90.00.

Safety Insurance Group (NASDAQ:SAFT) last issued its earnings results on Wednesday, May 7th. The insurance provider reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.03. Safety Insurance Group had a return on equity of 6.35% and a net margin of 6.86%. The company had revenue of $298.97 million for the quarter.

Safety Insurance Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, June 2nd will be issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.59%. The ex-dividend date is Monday, June 2nd. Safety Insurance Group’s dividend payout ratio is currently 75.47%.

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.