Nisa Investment Advisors LLC increased its stake in Safety Insurance Group, Inc. (NASDAQ:SAFT)


Nisa Investment Advisors LLC grew its position in Safety Insurance Group, Inc. (NASDAQ:SAFT – Get Rating ) by 12.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,240 shares of the insurance provider’s stock after buying an additional 580 shares during the period. Nisa Investment Advisors LLC’s holdings in Safety Insurance Group were worth $476,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its holdings in Safety Insurance Group by 0.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 314,863 shares of the insurance provider’s stock worth $26,773,000 after purchasing an additional 2,958 shares during the last quarter. AltraVue Capital LLC boosted its holdings in Safety Insurance Group by 20.3% in the fourth quarter. AltraVue Capital LLC now owns 244,652 shares of the insurance provider’s stock valued at $20,802,000 after purchasing an additional 41,210 shares during the last quarter. Invesco Ltd. raised its holdings in Safety Insurance Group by 7.2% in the fourth quarter. Invesco Ltd. now owns 200,390 shares of the insurance provider’s stock worth $17,039,000 after purchasing an additional 13,505 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Safety Insurance Group by 14.9% in the fourth quarter. JPMorgan Chase & Co. now owns 160,209 shares of the insurance provider’s stock worth $13,624,000 after purchasing an additional 20,795 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in Safety Insurance Group by 16.6% in the fourth quarter. Victory Capital Management Inc. now owns 120,577 shares of the insurance provider’s stock valued at $10,253,000 after buying an additional 17,209 shares during the last quarter. 79.46% of the shares are currently owned by hedge funds and other institutional investors.

Internal activity

In other news, Director Peter J. Manning sold 2,000 shares of the business’s stock in a transaction on Thursday, June 2nd. The shares were sold at an average price of $90.93, for a total transaction of $181,860.00. Following the completion of the sale, the director now owns 5,000 shares of the company’s stock, valued at approximately $454,650. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 4.20% of the company’s stock.

Safety Insurance Group trades down 0.3%

NASDAQ:SAFT opened at $89.77 on Tuesday. The company has a current ratio of 0.33, a quick ratio of 0.33, and a debt-to-equity ratio of 0.03. Safety Insurance Group, Inc. it has a 12-month low of $74.45 and a 12-month high of $99.75. The company has a market cap of $1.32 billion, a PE ratio of 13.20 and a beta of 0.30. The company has a 50 day simple moving average of $92.74 and a two hundred day simple moving average of $88.66.

Safety Insurance Group (NASDAQ:SAFT – Get Rating ) last issued its earnings results on Wednesday, May 4th. The insurance provider reported $0.99 EPS for the quarter. Safety Insurance Group had a net margin of 11.93% and a return on equity of 10.10%. The business had revenue of $195.00 million during the quarter.

Security insurance group dividend announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 15th. Shareholders of record on Wednesday, June 1st were given a $0.90 dividend. This represents a dividend of $3.60 on an annualized basis and a yield of 4.01%. The ex-dividend date of this dividend was Tuesday, May 31st. Safety Insurance Group (DPR)’s dividend payout ratio is currently 52.94%.

Analyst upgrades and downgrades

Separately, StockNews.com began coverage on shares of Safety Insurance Group in a research report on Thursday, March 31st. They issued a “hold” rating on the company.

Security Insurance Group Profile

(Get rating)

Safety Insurance Group, Inc. provides private passenger and commercial automobile and homeowners insurance in the United States. The company’s private passenger automobile policies provide coverage for bodily injury and property damage to others, no-fault personal injury coverage for the occupants of the insured’s car, and physical damage coverage for the insured’s own vehicle for collision or other risks.

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Institutional Ownership of Security Assurance Group (NASDAQ:SAFT) by Quarter



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