Carl P. Sherr & Co. LLC Sells 3,294 Shares of Safety Insurance Group, Inc. (NASDAQ:SAFT)

Carl P. Sherr & Co. LLC cut its position in Safety Insurance Group, Inc. (NASDAQ:SAFT) by 9.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,886 shares of the insurance provider’s stock after selling 3,294 shares during the period. Safety Insurance Group accounts for about 1.4% of Carl P. Sherr & Co. LLC’s investment portfolio, making the stock its 17th biggest position. Carl P. Sherr & Co. LLC owned 0.21% of Safety Insurance Group worth $2,347,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. BlackRock Inc. grew its position in Safety Insurance Group by 1.2% during the 3rd quarter. BlackRock Inc. now owns 2,155,884 shares of the insurance provider’s stock worth $175,834,000 after acquiring an additional 24,611 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Safety Insurance Group by 3.2% in the third quarter. Vanguard Group Inc. now owns 1,620,184 shares of the insurance provider’s stock valued at $132,143,000 after buying an additional 49,842 shares during the last quarter. Victory Capital Management Inc. lifted its position in Safety Insurance Group by 2.7% during the 3rd quarter. Victory Capital Management Inc. now owns 1,155,367 shares of the insurance provider’s stock worth $78,784,000 after buying an additional 29,996 shares in the last quarter. State Street Corp grew its holdings in Safety Insurance Group by 1.6% during the 3rd quarter. State Street Corp now owns 763,881 shares of the insurance provider’s stock worth $62,302,000 after acquiring an additional 11,874 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Safety Insurance Group by 0.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 715,027 shares of the insurance provider’s stock worth $53,283,000 after acquiring an additional 5,602 shares during the last quarter. Institutional investors and hedge funds own 81.04% of the company’s stock.

Safety Insurance Group Trading Down 0.3 %

Shares of NASDAQ SAFT traded down $0.27 during midday trading on Wednesday, hitting $79.47. The stock had a trading volume of 5,142 shares, compared to its average volume of 56,565. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.38 and a quick ratio of 0.38. Safety Insurance Group, Inc. has a fifty-two week low of $65.78 and a fifty-two week high of $88.72. The firm has a market cap of $1.18 billion, a P/E ratio of 62.79 and a beta of 0.19. The company’s 50-day simple moving average is $81.60 and its 200 day simple moving average is $78.35.

Safety Insurance Group (NASDAQ:SAFT) last announced its quarterly earnings data on Tuesday, February 27th. The insurance provider reported $0.30 EPS for the quarter. The firm had revenue of $258.40 million during the quarter. Safety Insurance Group had a return on equity of 1.56% and a net margin of 2.03%.

Safety Insurance Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.53%. The ex-dividend date of this dividend was Thursday, February 29th. Safety Insurance Group’s dividend payout ratio (DPR) is currently 283.47%.

Analyst Upgrades and Downgrades

Separately, TheStreet raised shares of Safety Insurance Group from a “c+” rating to a “b” rating in a research note on Tuesday, February 27th.

Insider Transactions at Safety Insurance Group

In other news, VP Stephen Albert Varga sold 900 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $79.35, for a total transaction of $71,415.00. Following the completion of the transaction, the vice president now directly owns 28,465 shares in the company, valued at approximately $2,258,697.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.00% of the stock is owned by corporate insiders.

Safety Insurance Group Profile

Safety Insurance Group, Inc provides private passenger and commercial automobile, and homeowner insurance in 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.