Silver Lake Advisory LLC Has $2.99 Million Stock Holdings in Safety Insurance Group, Inc. (NASDAQ:SAFT)

Silver Lake Advisory LLC lessened its holdings in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT - Free Report) by 8.0% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 37,866 shares of the insurance provider's stock after selling 3,293 shares during the period. Safety Insurance Group accounts for about 1.3% of Silver Lake Advisory LLC's portfolio, making the stock its 29th largest position. Silver Lake Advisory LLC owned 0.25% of Safety Insurance Group worth $2,987,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in SAFT. Signaturefd LLC boosted its holdings in Safety Insurance Group by 94.9% in the fourth quarter. Signaturefd LLC now owns 308 shares of the insurance provider's stock valued at $25,000 after acquiring an additional 150 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in Safety Insurance Group in the fourth quarter valued at about $34,000. Parallel Advisors LLC boosted its holdings in Safety Insurance Group by 169.9% in the first quarter. Parallel Advisors LLC now owns 448 shares of the insurance provider's stock valued at $35,000 after acquiring an additional 282 shares during the last quarter. Sterling Capital Management LLC boosted its holdings in Safety Insurance Group by 823.5% in the fourth quarter. Sterling Capital Management LLC now owns 471 shares of the insurance provider's stock valued at $39,000 after acquiring an additional 420 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Safety Insurance Group by 67.9% in the first quarter. GAMMA Investing LLC now owns 811 shares of the insurance provider's stock valued at $64,000 after acquiring an additional 328 shares during the last quarter. Institutional investors own 81.04% of the company's stock.

Analyst Upgrades and Downgrades

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

Safety Insurance Group Trading Up 0.5%

Safety Insurance Group stock traded up $0.40 during mid-day trading on Friday, hitting $78.84. The stock had a trading volume of 218,944 shares, compared to its average volume of 57,337. The stock has a 50-day simple moving average of $79.44 and a two-hundred day simple moving average of $79.02. The stock has a market capitalization of $1.17 billion, a PE ratio of 16.12 and a beta of 0.27. Safety Insurance Group, Inc. has a 12 month low of $70.71 and a 12 month high of $90.00. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.04.

Safety Insurance Group (NASDAQ:SAFT - Get Free Report) last issued its earnings results on Wednesday, May 7th. The insurance provider reported $1.28 earnings per share (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 firm had revenue of $298.97 million for the quarter.

Safety Insurance Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Monday, June 2nd were issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 4.57%. The ex-dividend date of this dividend was Monday, June 2nd. Safety Insurance Group's dividend payout ratio (DPR) is currently 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.