Carl P. Sherr & Co. LLC Sells 3,294 Shares of Safety Insurance Group, Inc. (NASDAQ:SAFT)

Carl P. Sherr & Co. LLC reduced its holdings in Safety Insurance Group, Inc. (NASDAQ:SAFT) by 9.6% in the 4th quarter, HoldingsChannel reports. The fund owned 30,886 shares of the insurance provider’s stock after selling 3,294 shares during the period. Safety Insurance Group comprises approximately 1.4% of Carl P. Sherr & Co. LLC’s holdings, making the stock its 17th biggest position. Carl P. Sherr & Co. LLC’s holdings in Safety Insurance Group were worth $2,347,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. BlackRock Inc. grew its stake in shares of Safety Insurance Group by 1.2% in the third quarter. BlackRock Inc. now owns 2,155,884 shares of the insurance provider’s stock worth $175,834,000 after purchasing an additional 24,611 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Safety Insurance Group by 3.2% during the 3rd quarter. Vanguard Group Inc. now owns 1,620,184 shares of the insurance provider’s stock worth $132,143,000 after buying an additional 49,842 shares during the period. Victory Capital Management Inc. grew its position in shares of Safety Insurance Group by 2.7% in the 3rd quarter. Victory Capital Management Inc. now owns 1,155,367 shares of the insurance provider’s stock valued at $78,784,000 after buying an additional 29,996 shares during the last quarter. State Street Corp grew its position in shares of Safety Insurance Group by 1.6% in the 3rd quarter. State Street Corp now owns 763,881 shares of the insurance provider’s stock valued at $62,302,000 after buying an additional 11,874 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Safety Insurance Group by 0.8% in the first quarter. Dimensional Fund Advisors LP now owns 715,027 shares of the insurance provider’s stock valued at $53,283,000 after buying an additional 5,602 shares during the period. Institutional investors own 81.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, TheStreet upgraded Safety Insurance Group from a “c+” rating to a “b” rating in a report on Tuesday, February 27th.

Insider Transactions at Safety Insurance Group

In other Safety Insurance Group news, VP Stephen Albert Varga sold 900 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $79.35, for a total transaction of $71,415.00. Following the transaction, the vice president now owns 28,465 shares in the company, valued at $2,258,697.75. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 2.00% of the stock is owned by insiders.

Safety Insurance Group Trading Down 0.3 %

SAFT stock traded down $0.27 during mid-day trading on Wednesday, reaching $79.47. The company’s stock had a trading volume of 5,142 shares, compared to its average volume of 56,565. Safety Insurance Group, Inc. has a 12 month low of $65.78 and a 12 month high of $88.72. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.04. The business’s 50 day moving average price is $81.60 and its 200 day moving average price is $78.35. The company has a market cap of $1.18 billion, a price-to-earnings ratio of 62.79 and a beta of 0.19.

Safety Insurance Group (NASDAQ:SAFT) last released its earnings results on Tuesday, February 27th. The insurance provider reported $0.30 earnings per share (EPS) for the quarter. The company had revenue of $258.40 million for the quarter. Safety Insurance Group had a net margin of 2.03% and a return on equity of 1.56%.

Safety Insurance Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a dividend of $0.90 per share. The ex-dividend date was Thursday, February 29th. This represents a $3.60 annualized dividend and a dividend yield of 4.53%. Safety Insurance Group’s dividend payout ratio is 283.47%.

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.