5,446 Shares in Safety Insurance Group, Inc. (NASDAQ:SAFT) Purchased by Diversified Trust Co

Diversified Trust Co bought a new stake in Safety Insurance Group, Inc. (NASDAQ:SAFT - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,446 shares of the insurance provider's stock, valued at approximately $430,000.

Several other institutional investors and hedge funds have also made changes to their positions in SAFT. Principal Financial Group Inc. boosted its holdings in Safety Insurance Group by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 71,952 shares of the insurance provider's stock valued at $5,929,000 after purchasing an additional 2,022 shares during the last quarter. Handelsbanken Fonder AB raised its position in shares of Safety Insurance Group by 14.1% in the 4th quarter. Handelsbanken Fonder AB now owns 4,858 shares of the insurance provider's stock valued at $400,000 after purchasing an additional 600 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Safety Insurance Group by 46.4% during the 4th quarter. Bank of New York Mellon Corp now owns 219,960 shares of the insurance provider's stock valued at $18,125,000 after buying an additional 69,750 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Safety Insurance Group by 2.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 239,565 shares of the insurance provider's stock valued at $19,740,000 after buying an additional 6,542 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Safety Insurance Group during the fourth quarter worth approximately $1,200,000. 81.04% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Safety Insurance Group Stock Up 1.5%

Shares of SAFT traded up $1.15 during midday trading on Friday, hitting $77.47. The company had a trading volume of 36,100 shares, compared to its average volume of 58,092. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of 15.84 and a beta of 0.26. The company's 50 day moving average price is $79.60 and its 200 day moving average price is $78.82. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.04. Safety Insurance Group, Inc. has a 52 week low of $70.71 and a 52 week high of $90.00.

Safety Insurance Group (NASDAQ:SAFT - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The insurance provider reported $1.28 EPS for the quarter, topping 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 during the quarter.

Safety Insurance Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, June 2nd were issued a $0.90 dividend. The ex-dividend date was Monday, June 2nd. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.65%. Safety Insurance Group's dividend payout ratio (DPR) is 73.62%.

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.