New York State Teachers Retirement System Sells 1,623 Shares of Safety Insurance Group, Inc. (NASDAQ:SAFT)

New York State Teachers Retirement System cut its holdings in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) by 5.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,771 shares of the insurance provider’s stock after selling 1,623 shares during the period. New York State Teachers Retirement System owned about 0.18% of Safety Insurance Group worth $2,034,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Money Concepts Capital Corp bought a new stake in Safety Insurance Group during the 4th quarter worth approximately $48,000. Tower Research Capital LLC TRC lifted its holdings in Safety Insurance Group by 2,169.8% during the 1st quarter. Tower Research Capital LLC TRC now owns 976 shares of the insurance provider’s stock worth $73,000 after buying an additional 933 shares in the last quarter. AdvisorNet Financial Inc acquired a new position in Safety Insurance Group during the 3rd quarter worth $68,000. Sei Investments Co. acquired a new position in Safety Insurance Group during the 4th quarter worth $202,000. Finally, Captrust Financial Advisors lifted its holdings in Safety Insurance Group by 20.2% during the 1st quarter. Captrust Financial Advisors now owns 2,431 shares of the insurance provider’s stock worth $221,000 after buying an additional 409 shares in the last quarter. 81.04% of the stock is currently owned by institutional investors.

Safety Insurance Group Stock Up 1.0 %

NASDAQ:SAFT opened at $79.74 on Wednesday. The stock’s fifty day moving average price is $81.60 and its two-hundred day moving average price is $78.35. Safety Insurance Group, Inc. has a 52-week low of $65.78 and a 52-week high of $88.72. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.38 and a current ratio of 0.38. The company has a market cap of $1.18 billion, a price-to-earnings ratio of 62.79 and a beta of 0.19.

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

Safety Insurance Group Dividend Announcement

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 4.51%. The ex-dividend date was Thursday, February 29th. Safety Insurance Group’s dividend payout ratio (DPR) is currently 283.47%.

Analysts Set New Price Targets

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

Insider Activity

In other news, VP Stephen Albert Varga sold 900 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $79.35, for a total value of $71,415.00. Following the transaction, the vice president now owns 28,465 shares of the company’s stock, valued at approximately $2,258,697.75. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.00% of the stock is currently owned by company insiders.

Safety Insurance Group Company 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.