Silver Lake Advisory LLC Decreases Stake in Safety Insurance Group, Inc. (NASDAQ:SAFT)

Silver Lake Advisory LLC lessened its holdings in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) by 2.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,159 shares of the insurance provider’s stock after selling 1,211 shares during the period. Safety Insurance Group accounts for approximately 1.5% of Silver Lake Advisory LLC’s investment portfolio, making the stock its 26th biggest position. Silver Lake Advisory LLC owned about 0.28% of Safety Insurance Group worth $3,392,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of SAFT. Robeco Institutional Asset Management B.V. purchased a new stake in shares of Safety Insurance Group in the third quarter valued at approximately $202,000. Dynamic Technology Lab Private Ltd acquired a new position in Safety Insurance Group during the third quarter worth $213,000. Everence Capital Management Inc. purchased a new stake in Safety Insurance Group in the 3rd quarter valued at $267,000. XTX Topco Ltd acquired a new stake in shares of Safety Insurance Group in the 3rd quarter worth $283,000. Finally, Creative Planning purchased a new position in shares of Safety Insurance Group during the 3rd quarter worth $299,000. Institutional investors and hedge funds own 81.04% of the company’s stock.

Safety Insurance Group Stock Performance

Shares of Safety Insurance Group stock opened at $77.14 on Friday. Safety Insurance Group, Inc. has a fifty-two week low of $73.38 and a fifty-two week high of $90.00. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 15.28 and a beta of 0.20. The stock has a 50 day moving average of $82.75 and a 200 day moving average of $82.53.

Safety Insurance Group (NASDAQ:SAFT) last issued its quarterly earnings data on Tuesday, November 5th. The insurance provider reported $1.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, December 2nd were paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.67%. The ex-dividend date of this dividend was Monday, December 2nd. 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 research note 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.