Raymond James Financial Services Advisors Inc. Reduces Position in Safety Insurance Group, Inc. (NASDAQ:SAFT)

Raymond James Financial Services Advisors Inc. lessened its holdings in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) by 7.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 10,879 shares of the insurance provider’s stock after selling 904 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Safety Insurance Group were worth $862,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Alpha Paradigm Partners LLC bought a new stake in shares of Safety Insurance Group during the second quarter valued at approximately $42,000. Lazard Asset Management LLC raised its stake in shares of Safety Insurance Group by 404.8% during the second quarter. Lazard Asset Management LLC now owns 2,095 shares of the insurance provider’s stock valued at $163,000 after acquiring an additional 1,680 shares in the last quarter. Federated Hermes Inc. bought a new stake in shares of Safety Insurance Group during the second quarter valued at approximately $165,000. Denali Advisors LLC bought a new stake in shares of Safety Insurance Group during the third quarter valued at approximately $230,000. Finally, Commonwealth Equity Services LLC bought a new stake in shares of Safety Insurance Group during the third quarter valued at approximately $230,000. 76.90% of the stock is owned by hedge funds and other institutional investors.

Safety Insurance Group stock opened at $84.32 on Friday. The company has a 50 day moving average price of $81.30 and a 200-day moving average price of $79.94. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.34 and a current ratio of 0.34. Safety Insurance Group, Inc. has a fifty-two week low of $72.75 and a fifty-two week high of $87.98. The company has a market capitalization of $1.26 billion, a PE ratio of 8.35 and a beta of 0.31.

Safety Insurance Group (NASDAQ:SAFT) last issued its quarterly earnings data on Wednesday, November 3rd. The insurance provider reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.55. The company had revenue of $213.71 million during the quarter. Safety Insurance Group had a net margin of 16.97% and a return on equity of 13.32%.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 15th. Investors of record on Wednesday, December 1st were paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 4.27%. The ex-dividend date of this dividend was Tuesday, November 30th. Safety Insurance Group’s dividend payout ratio (DPR) is 35.64%.

Safety Insurance Group Company Profile

Safety Insurance Group, Inc engages in the management and provision of insurance services. It offers property and casualty insurance products which include commercial vehicles and fleets. The firm provides private passenger automobile, commercial automobile and homeowners insurance. The company was founded in 1979 and is headquartered in Boston, MA.

See Also: What is a Roth IRA?

Want to see what other hedge funds are holding SAFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Safety Insurance Group, Inc. (NASDAQ:SAFT).

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

Receive News & Ratings for Safety Insurance Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Safety Insurance Group and related companies with MarketBeat.com's FREE daily email newsletter.