Safety Insurance Group, Inc. (NASDAQ:SAFT) Shares Sold by Mitsubishi UFJ Asset Management UK Ltd.

Mitsubishi UFJ Asset Management UK Ltd. decreased its stake in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) by 22.2% during the fourth quarter, HoldingsChannel reports. The firm owned 10,500 shares of the insurance provider’s stock after selling 3,000 shares during the quarter. Mitsubishi UFJ Asset Management UK Ltd.’s holdings in Safety Insurance Group were worth $865,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SAFT. JPMorgan Chase & Co. boosted its holdings in shares of Safety Insurance Group by 5.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 174,859 shares of the insurance provider’s stock valued at $14,300,000 after acquiring an additional 9,531 shares during the last quarter. Geode Capital Management LLC raised its position in Safety Insurance Group by 0.7% during the third quarter. Geode Capital Management LLC now owns 355,390 shares of the insurance provider’s stock valued at $29,070,000 after acquiring an additional 2,435 shares in the last quarter. Barclays PLC lifted its holdings in Safety Insurance Group by 348.8% in the third quarter. Barclays PLC now owns 24,430 shares of the insurance provider’s stock valued at $1,997,000 after acquiring an additional 18,987 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in Safety Insurance Group in the 3rd quarter worth approximately $723,000. Finally, XTX Topco Ltd acquired a new stake in shares of Safety Insurance Group during the 3rd quarter worth approximately $283,000. Hedge funds and other institutional investors own 81.04% of the company’s stock.

Safety Insurance Group Stock Up 0.3 %

Shares of Safety Insurance Group stock opened at $79.59 on Wednesday. The firm has a market cap of $1.18 billion, a PE ratio of 15.76 and a beta of 0.20. Safety Insurance Group, Inc. has a twelve month low of $73.38 and a twelve month high of $90.00. The business has a 50-day moving average price of $83.07 and a 200 day moving average price of $82.54.

Safety Insurance Group (NASDAQ:SAFT) last announced its earnings results on Tuesday, November 5th. The insurance provider reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.40 by ($0.30). Safety Insurance Group had a return on equity of 6.35% and a net margin of 6.86%. The business had revenue of $295.28 million for the quarter.

Safety Insurance Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, December 2nd were given a $0.90 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $3.60 annualized dividend and a dividend yield of 4.52%. Safety Insurance Group’s dividend payout ratio (DPR) is 71.29%.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Safety Insurance Group from a “hold” rating to a “buy” rating in a report on Thursday, November 14th.

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.