CW Advisors LLC Reduces Stake in Safety Insurance Group, Inc. $SAFT

CW Advisors LLC lowered its position in Safety Insurance Group, Inc. (NASDAQ:SAFT) by 71.7% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 25,957 shares of the insurance provider’s stock after selling 65,707 shares during the quarter. CW Advisors LLC’s holdings in Safety Insurance Group were worth $2,061,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of SAFT. Connor Clark & Lunn Investment Management Ltd. boosted its position in Safety Insurance Group by 66.6% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 12,271 shares of the insurance provider’s stock worth $968,000 after purchasing an additional 4,906 shares during the last quarter. Nuveen LLC bought a new position in shares of Safety Insurance Group in the 1st quarter worth approximately $2,931,000. Public Sector Pension Investment Board boosted its holdings in shares of Safety Insurance Group by 27.3% in the first quarter. Public Sector Pension Investment Board now owns 47,099 shares of the insurance provider’s stock worth $3,715,000 after buying an additional 10,101 shares during the last quarter. Russell Investments Group Ltd. grew its position in Safety Insurance Group by 3.8% during the first quarter. Russell Investments Group Ltd. now owns 12,290 shares of the insurance provider’s stock valued at $969,000 after buying an additional 448 shares during the period. Finally, Mitsubishi UFJ Asset Management UK Ltd. grew its position in Safety Insurance Group by 19.0% during the first quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 12,500 shares of the insurance provider’s stock valued at $986,000 after buying an additional 2,000 shares during the period. Institutional investors own 81.04% of the company’s stock.

Safety Insurance Group Stock Down 0.4%

SAFT stock opened at $74.60 on Monday. The business’s 50-day moving average price is $72.43 and its 200-day moving average price is $74.10. The stock has a market cap of $1.11 billion, a P/E ratio of 12.67 and a beta of 0.25. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.03. Safety Insurance Group, Inc. has a twelve month low of $67.04 and a twelve month high of $87.38.

Safety Insurance Group (NASDAQ:SAFT) last released its earnings results on Monday, November 3rd. The insurance provider reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.80 by ($0.32). Safety Insurance Group had a return on equity of 8.85% and a net margin of 7.09%.The firm had revenue of $323.21 million during the quarter.

Safety Insurance Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be given a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a dividend yield of 4.9%. The ex-dividend date is Monday, December 1st. Safety Insurance Group’s dividend payout ratio (DPR) is presently 62.48%.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Safety Insurance Group in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Safety Insurance Group has an average rating of “Hold”.

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.