Ieq Capital LLC Purchases 1,196 Shares of Safety Insurance Group, Inc. $SAFT

Ieq Capital LLC lifted its position in Safety Insurance Group, Inc. (NASDAQ:SAFT) by 35.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,586 shares of the insurance provider’s stock after buying an additional 1,196 shares during the period. Ieq Capital LLC’s holdings in Safety Insurance Group were worth $362,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Virtus Advisers LLC bought a new position in Safety Insurance Group during the 1st quarter worth about $500,000. AlphaQuest LLC increased its holdings in Safety Insurance Group by 57.3% during the 1st quarter. AlphaQuest LLC now owns 13,766 shares of the insurance provider’s stock worth $1,086,000 after purchasing an additional 5,015 shares in the last quarter. CW Advisors LLC bought a new position in Safety Insurance Group during the 1st quarter worth about $7,230,000. Martingale Asset Management L P increased its holdings in Safety Insurance Group by 4.6% during the 1st quarter. Martingale Asset Management L P now owns 18,812 shares of the insurance provider’s stock worth $1,484,000 after purchasing an additional 820 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in Safety Insurance Group by 2.8% during the 1st quarter. American Century Companies Inc. now owns 69,389 shares of the insurance provider’s stock worth $5,473,000 after purchasing an additional 1,914 shares in the last quarter. Institutional investors own 81.04% of the company’s stock.

Insider Activity at Safety Insurance Group

In other Safety Insurance Group news, Director Dennis J. Langwell acquired 2,000 shares of Safety Insurance Group stock in a transaction dated Friday, September 5th. The stock was bought at an average cost of $72.39 per share, for a total transaction of $144,780.00. Following the purchase, the director directly owned 8,000 shares in the company, valued at approximately $579,120. This represents a 33.33% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 2.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut Safety Insurance Group from a “buy” rating to a “hold” rating in a report on Saturday, August 9th.

Safety Insurance Group Trading Down 0.7%

Safety Insurance Group stock opened at $72.58 on Friday. The firm has a 50-day moving average of $73.06 and a 200-day moving average of $76.54. Safety Insurance Group, Inc. has a one year low of $68.76 and a one year high of $90.00. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.42 and a quick ratio of 0.42. The company has a market cap of $1.08 billion, a price-to-earnings ratio of 12.71 and a beta of 0.28.

Safety Insurance Group (NASDAQ:SAFT) last posted its quarterly earnings data on Wednesday, August 6th. The insurance provider reported $1.45 EPS for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.15). Safety Insurance Group had a return on equity of 8.34% and a net margin of 7.07%.The business had revenue of $345.83 million for the quarter.

Safety Insurance Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd will be paid a dividend of $0.92 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $3.68 dividend on an annualized basis and a dividend yield of 5.1%. This is a positive change from Safety Insurance Group’s previous quarterly dividend of $0.90. Safety Insurance Group’s dividend payout ratio (DPR) is currently 64.45%.

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.