Safety Insurance Group, Inc. $SAFT Shares Acquired by UBS Group AG

UBS Group AG lifted its stake in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) by 118.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 29,255 shares of the insurance provider’s stock after purchasing an additional 15,855 shares during the quarter. UBS Group AG owned about 0.20% of Safety Insurance Group worth $2,279,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. TABR Capital Management LLC acquired a new stake in shares of Safety Insurance Group during the 4th quarter worth approximately $2,935,000. Tudor Investment Corp ET AL raised its position in shares of Safety Insurance Group by 285.7% during the 3rd quarter. Tudor Investment Corp ET AL now owns 28,204 shares of the insurance provider’s stock worth $1,994,000 after purchasing an additional 20,892 shares during the period. Teacher Retirement System of Texas raised its position in shares of Safety Insurance Group by 50.3% during the 3rd quarter. Teacher Retirement System of Texas now owns 70,705 shares of the insurance provider’s stock worth $4,998,000 after purchasing an additional 23,671 shares during the period. AlphaQuest LLC raised its position in shares of Safety Insurance Group by 74.4% during the 3rd quarter. AlphaQuest LLC now owns 18,441 shares of the insurance provider’s stock worth $1,304,000 after purchasing an additional 7,870 shares during the period. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Safety Insurance Group during the 3rd quarter worth approximately $864,000. 81.04% of the stock is currently owned by institutional investors and hedge funds.

Safety Insurance Group Stock Performance

Shares of SAFT stock opened at $71.26 on Thursday. Safety Insurance Group, Inc. has a 12-month low of $67.04 and a 12-month high of $83.71. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 16.85 and a beta of 0.24. The business has a 50 day simple moving average of $73.57 and a 200 day simple moving average of $75.76. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.39 and a quick ratio of 0.39.

Safety Insurance Group (NASDAQ:SAFT) last issued its quarterly earnings results on Wednesday, May 6th. The insurance provider reported ($0.72) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.45 by ($2.17). The firm had revenue of $314.67 million for the quarter, compared to the consensus estimate of $315.01 million. Safety Insurance Group had a net margin of 4.94% and a return on equity of 6.31%.

Safety Insurance Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Monday, June 1st will be paid a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend is Monday, June 1st. Safety Insurance Group’s dividend payout ratio (DPR) is presently 87.00%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut Safety Insurance Group from a “hold” rating to a “sell” rating in a research report on Sunday, May 17th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Safety Insurance Group has a consensus rating of “Hold”.

Insider Transactions at Safety Insurance Group

In other Safety Insurance Group news, major shareholder Corp Srb sold 14,151 shares of the stock in a transaction on Friday, March 20th. The stock was sold at an average price of $71.12, for a total transaction of $1,006,419.12. Following the completion of the transaction, the insider directly owned 1,794,655 shares of the company’s stock, valued at approximately $127,635,863.60. This trade represents a 0.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 2.20% of the company’s stock.

About Safety Insurance Group

Safety Insurance Group, Inc is a publicly traded property and casualty insurance holding company incorporated in Massachusetts in 1994. Its principal subsidiary, Safety Insurance Company, traces its roots back to 1923 and has since evolved into a regional personal lines insurer. The company is headquartered in Boston, Massachusetts, and trades on the Nasdaq under the symbol SAFT.

Safety Insurance Group focuses primarily on private passenger automobile and homeowners insurance products, along with dwelling fire, umbrella liability, and certain commercial auto coverages.