Safety Insurance Group, Inc. (SAFT) Shares Bought by Parametric Portfolio Associates LLC

Parametric Portfolio Associates LLC lifted its stake in Safety Insurance Group, Inc. (NASDAQ:SAFT) by 20.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 41,146 shares of the insurance provider’s stock after buying an additional 7,041 shares during the quarter. Parametric Portfolio Associates LLC owned approximately 0.27% of Safety Insurance Group worth $2,810,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in SAFT. OppenheimerFunds Inc. lifted its holdings in shares of Safety Insurance Group by 25.1% in the first quarter. OppenheimerFunds Inc. now owns 8,766 shares of the insurance provider’s stock worth $615,000 after buying an additional 1,759 shares in the last quarter. Principal Financial Group Inc. raised its stake in Safety Insurance Group by 3.0% during the first quarter. Principal Financial Group Inc. now owns 121,780 shares of the insurance provider’s stock valued at $8,537,000 after purchasing an additional 3,536 shares in the last quarter. Teachers Advisors LLC raised its stake in Safety Insurance Group by 4.3% during the first quarter. Teachers Advisors LLC now owns 24,527 shares of the insurance provider’s stock valued at $1,719,000 after purchasing an additional 1,022 shares in the last quarter. Legal & General Group Plc raised its stake in Safety Insurance Group by 0.7% during the first quarter. Legal & General Group Plc now owns 25,322 shares of the insurance provider’s stock valued at $1,774,000 after purchasing an additional 186 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Safety Insurance Group by 6.0% in the first quarter. Vanguard Group Inc. now owns 1,338,378 shares of the insurance provider’s stock valued at $93,821,000 after acquiring an additional 75,812 shares during the period. 77.81% of the stock is currently owned by hedge funds and other institutional investors.

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Separately, Compass Point downgraded shares of Safety Insurance Group from a “neutral” rating to a “sell” rating in a research note on Monday, October 16th.

Safety Insurance Group, Inc. (NASDAQ:SAFT) opened at $81.85 on Tuesday. Safety Insurance Group, Inc. has a 1-year low of $65.30 and a 1-year high of $83.30. The stock has a market cap of $1,237.08, a PE ratio of 19.67 and a beta of 0.80.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 3.91%. The ex-dividend date of this dividend is Thursday, November 30th. Safety Insurance Group’s payout ratio is currently 77.11%.

Safety Insurance Group Company Profile

Safety Insurance Group, Inc is a provider of private passenger automobile insurance. The Company offers a portfolio of property and casualty insurance products. The Company is engaged in property and casualty insurance operations. The Company’s product line includes private passenger automobile, commercial automobile, homeowners, business owners’ policies, personal umbrella, dwelling fire, commercial umbrella, inland marine and watercraft.

Institutional Ownership by Quarter for Safety Insurance Group (NASDAQ:SAFT)

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