Quest Partners LLC Makes New Investment in Safety Insurance Group, Inc. (NASDAQ:SAFT)

Quest Partners LLC bought a new position in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 4,629 shares of the insurance provider’s stock, valued at approximately $379,000.

Several other institutional investors have also recently made changes to their positions in the company. TimesSquare Capital Management LLC grew its stake in Safety Insurance Group by 12.6% in the third quarter. TimesSquare Capital Management LLC now owns 512,888 shares of the insurance provider’s stock worth $41,944,000 after purchasing an additional 57,320 shares during the period. Robeco Institutional Asset Management B.V. purchased a new stake in shares of Safety Insurance Group in the 3rd quarter worth about $202,000. International Assets Investment Management LLC lifted its position in Safety Insurance Group by 8,078.0% during the 3rd quarter. International Assets Investment Management LLC now owns 16,356 shares of the insurance provider’s stock valued at $1,338,000 after acquiring an additional 16,156 shares during the period. Everence Capital Management Inc. bought a new stake in Safety Insurance Group during the third quarter worth about $267,000. Finally, Mitsubishi UFJ Asset Management UK Ltd. grew its holdings in Safety Insurance Group by 17.4% in the third quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 13,500 shares of the insurance provider’s stock worth $1,104,000 after purchasing an additional 2,000 shares during the period. Institutional investors own 81.04% of the company’s stock.

Safety Insurance Group Trading Up 0.1 %

NASDAQ SAFT opened at $84.86 on Monday. Safety Insurance Group, Inc. has a 12 month low of $71.99 and a 12 month high of $90.00. The stock’s fifty day moving average price is $82.15 and its 200-day moving average price is $80.95. The stock has a market cap of $1.26 billion, a P/E ratio of 16.80 and a beta of 0.17.

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

Safety Insurance Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, December 2nd will be given a $0.90 dividend. The ex-dividend date is Monday, December 2nd. This represents a $3.60 annualized dividend and a yield of 4.24%. Safety Insurance Group’s dividend payout ratio (DPR) is presently 71.29%.

Analyst Ratings Changes

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

Insider Buying and Selling at Safety Insurance Group

In other news, VP Glenn Hiltpold sold 389 shares of the company’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $84.41, for a total transaction of $32,835.49. Following the transaction, the vice president now directly owns 11,204 shares of the company’s stock, valued at $945,729.64. This represents a 3.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 2.00% of the company’s stock.

About Safety Insurance Group

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.