Transmarket Holdings LP Buys 6,971 Shares of Safety Insurance Group, Inc. $SAFT

Transmarket Holdings LP bought a new position in Safety Insurance Group, Inc. (NASDAQ:SAFT) in the third quarter, HoldingsChannel reports. The institutional investor bought 6,971 shares of the insurance provider’s stock, valued at approximately $722,000.

Several other hedge funds have also recently modified their holdings of SAFT. Susquehanna Fundamental Investments LLC lifted its holdings in shares of Safety Insurance Group by 2.6% during the second quarter. Susquehanna Fundamental Investments LLC now owns 7,086 shares of the insurance provider’s stock valued at $530,000 after purchasing an additional 181 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in Safety Insurance Group by 12.5% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,360 shares of the insurance provider’s stock worth $244,000 after buying an additional 262 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Safety Insurance Group by 0.3% in the 1st quarter. Renaissance Technologies LLC now owns 140,400 shares of the insurance provider’s stock worth $10,199,000 after buying an additional 400 shares in the last quarter. GAMMA Investing LLC increased its holdings in Safety Insurance Group by 21.5% in the 3rd quarter. GAMMA Investing LLC now owns 2,622 shares of the insurance provider’s stock worth $272,000 after buying an additional 464 shares in the last quarter. Finally, Global Retirement Partners LLC purchased a new position in Safety Insurance Group in the 2nd quarter worth about $42,000. Hedge funds and other institutional investors own 81.04% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Safety Insurance Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, September 17th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Safety Insurance Group currently has a consensus rating of “Moderate Buy”.

Safety Insurance Group Stock Down 0.3%

Shares of Safety Insurance Group stock opened at $103.95 on Thursday. Safety Insurance Group, Inc. has a twelve month low of $67.04 and a twelve month high of $104.35. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.06. The company’s 50 day moving average is $103.68 and its 200 day moving average is $84.38. The company has a market cap of $1.53 billion, a price-to-earnings ratio of 22.40 and a beta of 0.15.

Safety Insurance Group (NASDAQ:SAFT) last posted its earnings results on Wednesday, August 5th. The insurance provider reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $2.00 by $0.03. The business had revenue of $325.68 million during the quarter, compared to the consensus estimate of $325.68 million. Safety Insurance Group had a net margin of 5.33% and a return on equity of 7.23%. Research analysts anticipate that Safety Insurance Group, Inc. will post 4.15 EPS for the current year.

Safety Insurance Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were paid a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Tuesday, September 1st. Safety Insurance Group’s dividend payout ratio (DPR) is 79.31%.

Safety Insurance Group Profile

Safety Insurance Group, Inc is an insurance holding company that provides property and casualty insurance products primarily through its subsidiary, Safety Insurance Company. The company focuses on personal and commercial insurance coverage for individuals, families, and businesses.

Its product offerings include private passenger automobile insurance, homeowners insurance, dwelling fire coverage, business owners policies, commercial automobile insurance, and related property and liability products.