Arizona State Retirement System continued to hold its position in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,415 shares of the insurance provider’s stock at the end of the second quarter. Arizona State Retirement System’s holdings in Safety Insurance Group were worth $506,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of SAFT. Principal Financial Group Inc. grew its position in shares of Safety Insurance Group by 3.0% in 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 during the last quarter. Wells Fargo & Company MN boosted its position in Safety Insurance Group by 88.9% during the first quarter. Wells Fargo & Company MN now owns 49,522 shares of the insurance provider’s stock worth $3,471,000 after acquiring an additional 23,302 shares during the last quarter. Vanguard Group Inc. boosted its position in Safety Insurance Group by 6.0% during the first quarter. Vanguard Group Inc. now owns 1,338,378 shares of the insurance provider’s stock worth $93,821,000 after acquiring an additional 75,812 shares during the last quarter. Bank of America Corp DE boosted its position in Safety Insurance Group by 2.3% during the first quarter. Bank of America Corp DE now owns 29,155 shares of the insurance provider’s stock worth $2,043,000 after acquiring an additional 647 shares during the last quarter. Finally, Caxton Associates LP purchased a new position in Safety Insurance Group during the first quarter worth approximately $588,000. 78.82% of the stock is owned by institutional investors.
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Safety Insurance Group, Inc. (NASDAQ SAFT) traded up 0.55% on Friday, reaching $72.80. 37,513 shares of the company’s stock were exchanged. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 17.33 and a beta of 0.76. The firm has a 50-day moving average of $71.38 and a 200-day moving average of $69.66. Safety Insurance Group, Inc. has a 12 month low of $65.30 and a 12 month high of $75.05.
The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 4.40%. The ex-dividend date was Wednesday, August 30th. This is an increase from Safety Insurance Group’s previous quarterly dividend of $0.70. Safety Insurance Group’s payout ratio is 76.19%.
Separately, BidaskClub raised shares of Safety Insurance Group from a “sell” rating to a “hold” rating in a research note on Friday, June 30th.
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.
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