Silver Lake Advisory LLC Sells 528 Shares of Safety Insurance Group, Inc. (NASDAQ:SAFT)

Silver Lake Advisory LLC reduced its stake in Safety Insurance Group, Inc. (NASDAQ:SAFT) by 1.2% in the 4th quarter, HoldingsChannel reports. The firm owned 41,731 shares of the insurance provider’s stock after selling 528 shares during the quarter. Safety Insurance Group makes up 1.8% of Silver Lake Advisory LLC’s portfolio, making the stock its 28th biggest position. Silver Lake Advisory LLC’s holdings in Safety Insurance Group were worth $3,171,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in SAFT. SG Americas Securities LLC acquired a new position in Safety Insurance Group during the 3rd quarter worth approximately $299,000. Inspire Investing LLC lifted its holdings in shares of Safety Insurance Group by 3.2% in the 3rd quarter. Inspire Investing LLC now owns 4,513 shares of the insurance provider’s stock worth $308,000 after purchasing an additional 141 shares in the last quarter. Teacher Retirement System of Texas lifted its position in Safety Insurance Group by 7.5% in the 3rd quarter. Teacher Retirement System of Texas now owns 4,563 shares of the insurance provider’s stock valued at $311,000 after acquiring an additional 319 shares in the last quarter. WINTON GROUP Ltd boosted its stake in Safety Insurance Group by 58.9% during the 3rd quarter. WINTON GROUP Ltd now owns 4,966 shares of the insurance provider’s stock valued at $339,000 after purchasing an additional 1,840 shares during the last quarter. Finally, HighTower Advisors LLC increased its holdings in Safety Insurance Group by 13.3% during the 3rd quarter. HighTower Advisors LLC now owns 5,531 shares of the insurance provider’s stock worth $386,000 after purchasing an additional 651 shares in the last quarter. Institutional investors and hedge funds own 81.04% of the company’s stock.

Safety Insurance Group Stock Performance

Shares of Safety Insurance Group stock traded up $0.94 on Thursday, reaching $81.19. 15,627 shares of the company traded hands, compared to its average volume of 54,297. The company has a 50 day moving average of $80.55 and a 200 day moving average of $79.11. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.38 and a quick ratio of 0.38. Safety Insurance Group, Inc. has a 52 week low of $65.78 and a 52 week high of $88.72. The firm has a market capitalization of $1.20 billion, a PE ratio of 63.19 and a beta of 0.19.

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

Safety Insurance Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.43%. The ex-dividend date of this dividend was Thursday, February 29th. Safety Insurance Group’s payout ratio is currently 283.47%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other Safety Insurance Group news, VP Stephen Albert Varga sold 900 shares of the business’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 sale, the vice president now owns 28,465 shares of the company’s stock, valued at approximately $2,258,697.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.00% of the stock is owned by insiders.

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.