Diversified Trust Co Buys New Holdings in Safety Insurance Group, Inc. (NASDAQ:SAFT)

Diversified Trust Co bought a new position in Safety Insurance Group, Inc. (NASDAQ:SAFT - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 5,446 shares of the insurance provider's stock, valued at approximately $430,000.

Other large investors have also recently bought and sold shares of the company. Barclays PLC raised its position in shares of Safety Insurance Group by 5.8% in the fourth quarter. Barclays PLC now owns 25,851 shares of the insurance provider's stock worth $2,129,000 after buying an additional 1,421 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in Safety Insurance Group in the 1st quarter worth about $927,000. D. E. Shaw & Co. Inc. purchased a new stake in shares of Safety Insurance Group in the 4th quarter valued at about $655,000. Two Sigma Investments LP bought a new stake in shares of Safety Insurance Group during the 4th quarter valued at about $1,004,000. Finally, Millennium Management LLC boosted its position in shares of Safety Insurance Group by 144.1% during the 4th quarter. Millennium Management LLC now owns 22,281 shares of the insurance provider's stock valued at $1,836,000 after acquiring an additional 13,152 shares during the last quarter. 81.04% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Safety Insurance Group from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd.

Safety Insurance Group Price Performance

Shares of NASDAQ:SAFT traded down $1.93 during trading on Wednesday, reaching $77.12. The company had a trading volume of 32,855 shares, compared to its average volume of 57,695. The company has a fifty day moving average of $79.60 and a two-hundred day moving average of $78.88. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $1.15 billion, a P/E ratio of 15.69 and a beta of 0.26. Safety Insurance Group, Inc. has a 12 month low of $70.71 and a 12 month high of $90.00.

Safety Insurance Group (NASDAQ:SAFT - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The insurance provider reported $1.28 earnings per share for the quarter, beating analysts' consensus estimates of $1.25 by $0.03. Safety Insurance Group had a return on equity of 7.99% and a net margin of 6.29%. The business had revenue of $298.97 million for the quarter.

Safety Insurance Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Monday, June 2nd were paid a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 4.67%. The ex-dividend date of this dividend was Monday, June 2nd. Safety Insurance Group's dividend payout ratio (DPR) is presently 73.62%.

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.