BlackRock Inc. Raises Stock Holdings in Safety Insurance Group, Inc. (NASDAQ:SAFT)

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BlackRock Inc. grew its stake in Safety Insurance Group, Inc. (NASDAQ:SAFT) by 1.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,166,442 shares of the insurance provider’s stock after buying an additional 27,786 shares during the quarter. BlackRock Inc. owned approximately 14.09% of Safety Insurance Group worth $206,094,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Charles Schwab Investment Management Inc. boosted its stake in shares of Safety Insurance Group by 0.6% in the second quarter. Charles Schwab Investment Management Inc. now owns 170,610 shares of the insurance provider’s stock worth $16,231,000 after acquiring an additional 1,038 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Safety Insurance Group by 22.5% in the second quarter. JPMorgan Chase & Co. now owns 53,563 shares of the insurance provider’s stock worth $5,030,000 after acquiring an additional 9,849 shares during the period. Public Employees Retirement System of Ohio boosted its stake in shares of Safety Insurance Group by 32.1% in the second quarter. Public Employees Retirement System of Ohio now owns 18,798 shares of the insurance provider’s stock worth $1,788,000 after acquiring an additional 4,563 shares during the period. Grimes & Company Inc. bought a new position in shares of Safety Insurance Group in the second quarter worth about $214,000. Finally, Bogle Investment Management L P DE bought a new position in shares of Safety Insurance Group in the second quarter worth about $1,616,000. Institutional investors and hedge funds own 79.78% of the company’s stock.

A number of research firms have recently weighed in on SAFT. ValuEngine lowered Safety Insurance Group from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. BidaskClub lowered Safety Insurance Group from a “hold” rating to a “sell” rating in a research note on Wednesday.

NASDAQ SAFT opened at $97.49 on Wednesday. The firm has a market cap of $1.50 billion, a price-to-earnings ratio of 17.32 and a beta of 0.54. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.05. The business has a 50-day moving average price of $98.97 and a 200-day moving average price of $96.80. Safety Insurance Group, Inc. has a twelve month low of $77.58 and a twelve month high of $103.96.

Safety Insurance Group (NASDAQ:SAFT) last released its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.13. The firm had revenue of $215.27 million during the quarter. Safety Insurance Group had a return on equity of 11.37% and a net margin of 10.49%.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, December 2nd will be paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date is Friday, November 29th.

Safety Insurance Group Company Profile

Safety Insurance Group, Inc provides private passenger and commercial automobile insurance in Massachusetts, New Hampshire, and Maine, 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.

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

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