Mitsubishi UFJ Asset Management UK Ltd. Acquires 2,000 Shares of Safety Insurance Group, Inc. (NASDAQ:SAFT)

Mitsubishi UFJ Asset Management UK Ltd. lifted its holdings in Safety Insurance Group, Inc. (NASDAQ:SAFT) by 17.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,500 shares of the insurance provider’s stock after acquiring an additional 2,000 shares during the period. Mitsubishi UFJ Asset Management UK Ltd. owned 0.09% of Safety Insurance Group worth $1,104,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in Safety Insurance Group by 3.3% during the first quarter. Vanguard Group Inc. now owns 1,695,813 shares of the insurance provider’s stock valued at $139,379,000 after acquiring an additional 54,441 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Safety Insurance Group by 1.5% during the second quarter. Dimensional Fund Advisors LP now owns 756,633 shares of the insurance provider’s stock valued at $56,770,000 after purchasing an additional 11,146 shares in the last quarter. TimesSquare Capital Management LLC increased its holdings in shares of Safety Insurance Group by 101.7% in the first quarter. TimesSquare Capital Management LLC now owns 405,118 shares of the insurance provider’s stock worth $33,297,000 after purchasing an additional 204,218 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its position in shares of Safety Insurance Group by 113.2% in the first quarter. Jacobs Levy Equity Management Inc. now owns 54,929 shares of the insurance provider’s stock worth $4,515,000 after buying an additional 29,167 shares in the last quarter. Finally, Silver Lake Advisory LLC boosted its stake in Safety Insurance Group by 1.8% during the second quarter. Silver Lake Advisory LLC now owns 41,658 shares of the insurance provider’s stock valued at $3,126,000 after buying an additional 752 shares during the last quarter. Hedge funds and other institutional investors own 81.04% of the company’s stock.

Insider Activity at Safety Insurance Group

In other Safety Insurance Group news, VP Glenn Hiltpold sold 389 shares of Safety Insurance Group stock in a transaction on Friday, September 6th. The shares were sold at an average price of $84.41, for a total transaction of $32,835.49. Following the completion of the transaction, the vice president now directly owns 11,204 shares of the company’s stock, valued at $945,729.64. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last 90 days, insiders have sold 915 shares of company stock worth $75,125. Company insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Safety Insurance Group from a “hold” rating to a “buy” rating in a research note on Thursday, September 5th.

Safety Insurance Group Stock Down 0.0 %

Safety Insurance Group stock traded down $0.03 during mid-day trading on Friday, reaching $84.26. 31,582 shares of the company’s stock traded hands, compared to its average volume of 52,134. Safety Insurance Group, Inc. has a 12-month low of $71.99 and a 12-month high of $89.46. The company has a market cap of $1.25 billion, a price-to-earnings ratio of 24.42 and a beta of 0.16. The stock has a 50 day moving average of $82.76 and a two-hundred day moving average of $80.44.

Safety Insurance Group (NASDAQ:SAFT) last announced its quarterly earnings results on Wednesday, August 7th. The insurance provider reported $1.18 EPS for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.12). Safety Insurance Group had a net margin of 4.96% and a return on equity of 5.53%. The business had revenue of $269.78 million during the quarter.

Safety Insurance Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 4.27%. The ex-dividend date was Tuesday, September 3rd. Safety Insurance Group’s dividend payout ratio is currently 104.35%.

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.