Thrivent Financial for Lutherans Decreases Stock Holdings in Safety Insurance Group, Inc. (NASDAQ:SAFT)

Thrivent Financial for Lutherans lessened its holdings in Safety Insurance Group, Inc. (NASDAQ:SAFT) by 1.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 11,469 shares of the insurance provider’s stock after selling 182 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Safety Insurance Group were worth $945,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Signaturefd LLC increased its holdings in Safety Insurance Group by 94.9% in the 4th quarter. Signaturefd LLC now owns 308 shares of the insurance provider’s stock valued at $25,000 after purchasing an additional 150 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Safety Insurance Group in the fourth quarter valued at about $607,000. AlphaQuest LLC grew its stake in shares of Safety Insurance Group by 89.0% in the fourth quarter. AlphaQuest LLC now owns 8,751 shares of the insurance provider’s stock valued at $721,000 after buying an additional 4,122 shares in the last quarter. Amundi raised its holdings in shares of Safety Insurance Group by 189.5% during the 4th quarter. Amundi now owns 7,170 shares of the insurance provider’s stock valued at $576,000 after buying an additional 4,693 shares during the period. Finally, Inceptionr LLC acquired a new position in Safety Insurance Group during the 4th quarter worth approximately $295,000. Hedge funds and other institutional investors own 81.04% of the company’s stock.

Safety Insurance Group Trading Up 1.4 %

Shares of SAFT opened at $79.97 on Wednesday. Safety Insurance Group, Inc. has a 52 week low of $73.38 and a 52 week high of $90.00. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of 15.84 and a beta of 0.13. The stock has a 50 day moving average of $77.80 and a 200-day moving average of $80.74.

Safety Insurance Group (NASDAQ:SAFT) last posted its quarterly earnings results on Tuesday, February 25th. The insurance provider reported $0.94 EPS for the quarter, missing the consensus estimate of $1.17 by ($0.23). The business had revenue of $286.72 million during the quarter. Safety Insurance Group had a net margin of 6.86% and a return on equity of 6.35%.

Safety Insurance Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were paid a dividend of $0.90 per share. The ex-dividend date was Monday, March 3rd. This represents a $3.60 dividend on an annualized basis and a yield of 4.50%. Safety Insurance Group’s payout ratio is currently 75.47%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Safety Insurance Group from a “buy” rating to a “hold” rating in a research note on Thursday, February 27th.

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.