6,600 Shares in Safety Insurance Group, Inc. $SAFT Bought by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System acquired a new stake in Safety Insurance Group, Inc. (NASDAQ:SAFT) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,600 shares of the insurance provider’s stock, valued at approximately $479,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SAFT. Goldman Sachs Group Inc. increased its stake in shares of Safety Insurance Group by 353.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 306,554 shares of the insurance provider’s stock valued at $23,884,000 after buying an additional 238,946 shares during the period. AQR Capital Management LLC boosted its holdings in Safety Insurance Group by 62.6% in the fourth quarter. AQR Capital Management LLC now owns 304,724 shares of the insurance provider’s stock valued at $23,741,000 after acquiring an additional 117,261 shares during the last quarter. Millennium Management LLC increased its position in Safety Insurance Group by 224.8% during the 3rd quarter. Millennium Management LLC now owns 139,755 shares of the insurance provider’s stock valued at $9,879,000 after purchasing an additional 96,728 shares during the period. Qube Research & Technologies Ltd raised its holdings in Safety Insurance Group by 175.5% during the 3rd quarter. Qube Research & Technologies Ltd now owns 116,269 shares of the insurance provider’s stock worth $8,219,000 after purchasing an additional 74,059 shares during the last quarter. Finally, Two Sigma Investments LP raised its stake in Safety Insurance Group by 388.0% during the third quarter. Two Sigma Investments LP now owns 86,026 shares of the insurance provider’s stock worth $6,081,000 after buying an additional 68,399 shares during the last quarter. 81.04% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Wall Street Zen raised Safety Insurance Group from a “sell” rating to a “hold” rating in a research note on Saturday, June 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Safety Insurance Group in a report on Friday, May 29th. Finally, Zacks Research raised shares of Safety Insurance Group to a “hold” rating in a research report on Wednesday, May 27th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold”.

Safety Insurance Group Price Performance

SAFT stock opened at $77.38 on Thursday. The company has a market capitalization of $1.14 billion, a P/E ratio of 18.29 and a beta of 0.21. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.39 and a current ratio of 0.39. Safety Insurance Group, Inc. has a 52-week low of $67.04 and a 52-week high of $81.49. The business has a 50-day simple moving average of $72.57 and a two-hundred day simple moving average of $74.88.

Safety Insurance Group (NASDAQ:SAFT) last issued its quarterly earnings data on Wednesday, May 6th. The insurance provider reported ($0.72) EPS for the quarter, missing analysts’ consensus estimates of $1.45 by ($2.17). Safety Insurance Group had a return on equity of 6.31% and a net margin of 4.94%.The company had revenue of $314.67 million for the quarter, compared to the consensus estimate of $315.01 million. Research analysts expect that Safety Insurance Group, Inc. will post 4.75 EPS for the current fiscal year.

Safety Insurance Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Monday, June 1st were given a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend was Monday, June 1st. Safety Insurance Group’s dividend payout ratio is presently 87.00%.

Safety Insurance Group Company Profile

Safety Insurance Group, Inc is a publicly traded property and casualty insurance holding company incorporated in Massachusetts in 1994. Its principal subsidiary, Safety Insurance Company, traces its roots back to 1923 and has since evolved into a regional personal lines insurer. The company is headquartered in Boston, Massachusetts, and trades on the Nasdaq under the symbol SAFT.

Safety Insurance Group focuses primarily on private passenger automobile and homeowners insurance products, along with dwelling fire, umbrella liability, and certain commercial auto coverages.