Martingale Asset Management L P Has $1.45 Million Stock Position in Safety Insurance Group, Inc. (NASDAQ:SAFT)

Martingale Asset Management L P grew its position in Safety Insurance Group, Inc. (NASDAQ:SAFT) by 9.3% in the third quarter, according to its most recent filing with the SEC. The fund owned 17,692 shares of the insurance provider’s stock after acquiring an additional 1,512 shares during the period. Martingale Asset Management L P’s holdings in Safety Insurance Group were worth $1,447,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. acquired a new stake in Safety Insurance Group in the third quarter valued at $202,000. Dynamic Technology Lab Private Ltd acquired a new stake in Safety Insurance Group during the 3rd quarter worth about $213,000. Everence Capital Management Inc. acquired a new stake in Safety Insurance Group during the 3rd quarter worth about $267,000. Creative Planning acquired a new stake in shares of Safety Insurance Group in the 3rd quarter valued at about $299,000. Finally, Inspire Investing LLC grew its stake in shares of Safety Insurance Group by 7.4% in the 2nd quarter. Inspire Investing LLC now owns 4,658 shares of the insurance provider’s stock valued at $349,000 after buying an additional 319 shares during the period. 81.04% of the stock is currently owned by institutional investors.

Safety Insurance Group Stock Up 0.7 %

Safety Insurance Group stock opened at $85.84 on Monday. Safety Insurance Group, Inc. has a 52 week low of $71.99 and a 52 week high of $90.00. The company’s 50 day moving average price is $82.50 and its two-hundred day moving average price is $81.07. The stock has a market cap of $1.27 billion, a P/E ratio of 17.00 and a beta of 0.17.

Safety Insurance Group (NASDAQ:SAFT) last posted its earnings results on Tuesday, November 5th. The insurance provider reported $1.10 EPS 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 firm had revenue of $295.28 million for the quarter.

Safety Insurance Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, December 2nd will be issued a $0.90 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.19%. Safety Insurance Group’s dividend payout ratio (DPR) is presently 71.29%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In related news, VP Glenn Hiltpold sold 389 shares of Safety Insurance Group stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $84.41, for a total value of $32,835.49. Following the sale, the vice president now owns 11,204 shares of the company’s stock, valued at approximately $945,729.64. The trade was a 3.36 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.00% of the stock is currently owned by 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.