Safety Insurance Group, Inc. (NASDAQ:SAFT) Position Lessened by Amalgamated Bank
Amalgamated Bank lowered its stake in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT – Free Report) by 2.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,572 shares of the insurance provider’s stock after selling 149 shares during the quarter. Amalgamated Bank’s holdings in Safety Insurance Group were worth $423,000 at the end of the most recent reporting period. Several other large investors have also recently added to or reduced their stakes in the stock. Victory Capital Management Inc. grew its position in shares of Safety Insurance Group by 2.7% during the third quarter. Victory Capital Management Inc. now owns 1,155,367 shares of the insurance provider’s stock worth $78,784,000 after acquiring an additional 29,996 shares during the last quarter. GSA Capital Partners LLP grew its position in Safety Insurance Group by 298.0% in the 3rd quarter. GSA Capital Partners LLP now owns 32,401 shares of the insurance provider’s stock worth $2,209,000 after purchasing an additional 24,260 shares during the last quarter. Assenagon Asset Management S.A. grew its position in Safety Insurance Group by 98.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 39,245 shares of the insurance provider’s stock worth $2,676,000 after purchasing an additional 19,467 shares during the last quarter. International Assets Investment Management LLC increased its stake in shares of Safety Insurance Group by 7,499.0% in the fourth quarter. International Assets Investment Management LLC now owns 15,198 shares of the insurance provider’s stock valued at $1,155,000 after purchasing an additional 14,998 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Safety Insurance Group by 6.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 206,693 shares of the insurance provider’s stock valued at $14,094,000 after buying an additional 13,430 shares during the last quarter. 81.04% of the stock is owned by institutional investors and hedge funds. Wall Street Analysts Forecast Growth Several analysts recently commented on SAFT shares. TheStreet upgraded Safety Insurance Group from a “c+” rating to a “b” rating in a research report on Tuesday, February 27th. StockNews.com raised Safety Insurance Group from a “hold” rating to a “buy” rating in a report on Friday, May 10th. Read Our Latest Research Report on SAFT Insider Activity 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 dated Wednesday, March 6th. The shares were sold at an average price of $79.35, for a total value of $71,415.00. Following the completion of the sale, the vice president now directly owns 28,465 shares of the company’s stock, valued at approximately $2,258,697.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.00% of the company’s stock. Safety Insurance Group Trading Down 0.9 % Shares of NASDAQ:SAFT opened at $80.26 on Monday. The company has a 50 day moving average of $80.38 and a 200-day moving average of $79.71. The firm has a market cap of $1.19 billion, a P/E ratio of 23.13 and a beta of 0.19. Safety Insurance Group, Inc. has a twelve month low of $65.78 and a twelve month high of $88.72. Safety Insurance Group (NASDAQ:SAFT – Get Free Report) last released its earnings results on Tuesday, February 27th. The insurance provider reported $0.30 earnings per share for the quarter. The firm had revenue of $258.40 million during the quarter. Safety Insurance Group had a return on equity of 4.90% and a net margin of 5.20%. Safety Insurance Group Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Monday, June 3rd will be issued a $0.90 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $3.60 annualized dividend and a dividend yield of 4.49%. Safety Insurance Group’s dividend payout ratio (DPR) is 103.75%. About Safety Insurance Group (Free Report) 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.
May 20, 2024 | www.defenseworld.net
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