Safety Insurance Group (SAFT) Position Reduced by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA reduced its position in shares of Safety Insurance Group (NASDAQ:SAFT) by 43.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 84,009 shares of the insurance provider’s stock after selling 64,635 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 0.55% of Safety Insurance Group worth $6,456,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the stock. BlackRock Inc. raised its holdings in Safety Insurance Group by 28.1% during the 4th quarter. BlackRock Inc. now owns 1,919,407 shares of the insurance provider’s stock valued at $154,320,000 after buying an additional 421,317 shares during the last quarter. Westwood Holdings Group Inc. raised its holdings in Safety Insurance Group by 0.6% during the 4th quarter. Westwood Holdings Group Inc. now owns 154,125 shares of the insurance provider’s stock valued at $12,392,000 after buying an additional 930 shares during the last quarter. Geode Capital Management LLC raised its holdings in Safety Insurance Group by 4.6% in the 4th quarter. Geode Capital Management LLC now owns 136,161 shares of the insurance provider’s stock worth $10,947,000 after purchasing an additional 5,951 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in Safety Insurance Group by 6.0% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 134,443 shares of the insurance provider’s stock worth $10,810,000 after purchasing an additional 7,557 shares in the last quarter. Finally, Wells Fargo & Company MN raised its holdings in Safety Insurance Group by 1.7% in the 1st quarter. Wells Fargo & Company MN now owns 86,036 shares of the insurance provider’s stock worth $6,611,000 after purchasing an additional 1,448 shares in the last quarter. Institutional investors own 79.35% of the company’s stock.

Shares of NASDAQ SAFT opened at $84.80 on Tuesday. Safety Insurance Group has a 12 month low of $65.75 and a 12 month high of $86.45. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 20.94 and a beta of 0.68.

Safety Insurance Group (NASDAQ:SAFT) last issued its quarterly earnings data on Monday, February 26th. The insurance provider reported $0.72 EPS for the quarter. Safety Insurance Group had a net margin of 7.05% and a return on equity of 8.80%. The business had revenue of $213.57 million during the quarter.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Friday, June 1st will be issued a $0.80 dividend. The ex-dividend date of this dividend is Thursday, May 31st. This represents a $3.20 annualized dividend and a yield of 3.77%.

In other Safety Insurance Group news, Director Frederic H. Lindeberg sold 2,000 shares of the company’s stock in a transaction on Friday, May 11th. The shares were sold at an average price of $83.17, for a total value of $166,340.00. Following the completion of the transaction, the director now directly owns 18,000 shares in the company, valued at approximately $1,497,060. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.90% of the stock is currently owned by corporate insiders.

Several brokerages have commented on SAFT. BidaskClub lowered shares of Safety Insurance Group from a “strong-buy” rating to a “buy” rating in a report on Monday, May 14th. Compass Point upgraded shares of Safety Insurance Group from a “sell” rating to a “neutral” rating and set a $70.00 price objective for the company in a report on Thursday, March 8th.

Safety Insurance Group Profile

Safety Insurance Group, Inc provides private passenger and commercial automobile insurance in Massachusetts, New Hampshire, and Maine, 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.

Want to see what other hedge funds are holding SAFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Safety Insurance Group (NASDAQ:SAFT).

Institutional Ownership by Quarter for Safety Insurance Group (NASDAQ:SAFT)

Receive News & Ratings for Safety Insurance Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Safety Insurance Group and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply