Dimensional Fund Advisors LP Reduces Holdings in Safety Insurance Group, Inc. (SAFT)
Dimensional Fund Advisors LP trimmed its position in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) by 1.8% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,245,539 shares of the insurance provider’s stock after selling 23,154 shares during the period. Dimensional Fund Advisors LP owned approximately 8.15% of Safety Insurance Group worth $106,369,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN raised its position in shares of Safety Insurance Group by 1.7% during the 1st quarter. Wells Fargo & Company MN now owns 86,036 shares of the insurance provider’s stock worth $6,611,000 after purchasing an additional 1,448 shares during the last quarter. Principal Financial Group Inc. grew its stake in Safety Insurance Group by 2.3% in the 1st quarter. Principal Financial Group Inc. now owns 117,198 shares of the insurance provider’s stock worth $9,007,000 after acquiring an additional 2,595 shares during the period. Russell Investments Group Ltd. grew its stake in Safety Insurance Group by 69.4% in the 1st quarter. Russell Investments Group Ltd. now owns 40,068 shares of the insurance provider’s stock worth $3,079,000 after acquiring an additional 16,420 shares during the period. Guggenheim Capital LLC grew its stake in Safety Insurance Group by 9.8% in the 1st quarter. Guggenheim Capital LLC now owns 29,169 shares of the insurance provider’s stock worth $2,242,000 after acquiring an additional 2,613 shares during the period. Finally, Prudential Financial Inc. grew its stake in Safety Insurance Group by 25.5% in the 1st quarter. Prudential Financial Inc. now owns 33,794 shares of the insurance provider’s stock worth $2,597,000 after acquiring an additional 6,861 shares during the period. Institutional investors own 80.17% of the company’s stock.
In other Safety Insurance Group news, Director David D. Mckown sold 1,235 shares of the company’s stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $96.53, for a total value of $119,214.55. Following the completion of the transaction, the director now owns 4,500 shares in the company, valued at approximately $434,385. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Frederic H. Lindeberg sold 1,000 shares of the stock in a transaction that occurred on Tuesday, August 7th. The shares were sold at an average price of $92.45, for a total transaction of $92,450.00. Following the completion of the transaction, the director now owns 15,000 shares of the company’s stock, valued at $1,386,750. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,000 shares of company stock worth $583,157. Company insiders own 4.90% of the company’s stock.
Shares of NASDAQ:SAFT traded up $0.70 during midday trading on Friday, hitting $96.35. 30,310 shares of the company’s stock traded hands, compared to its average volume of 31,392. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 21.50 and a beta of 0.59. Safety Insurance Group, Inc. has a twelve month low of $70.45 and a twelve month high of $99.70.
Safety Insurance Group (NASDAQ:SAFT) last issued its quarterly earnings data on Friday, August 3rd. The insurance provider reported $1.81 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $0.26. Safety Insurance Group had a net margin of 7.73% and a return on equity of 9.74%. The firm had revenue of $207.97 million for the quarter.
The business also recently announced a quarterly dividend, which was paid on Friday, September 14th. Stockholders of record on Tuesday, September 4th were paid a $0.80 dividend. The ex-dividend date was Friday, August 31st. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.32%.
Safety Insurance Group 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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