Victory Capital Management Inc. Has $68.16 Million Stake in Safety Insurance Group, Inc. (NASDAQ:SAFT)

Victory Capital Management Inc. reduced its stake in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT - Free Report) by 5.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 864,092 shares of the insurance provider's stock after selling 47,041 shares during the quarter. Victory Capital Management Inc. owned about 5.80% of Safety Insurance Group worth $68,160,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Barclays PLC grew its position in Safety Insurance Group by 5.8% during 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. Allspring Global Investments Holdings LLC boosted its position in shares of Safety Insurance Group by 52.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 18,137 shares of the insurance provider's stock valued at $1,431,000 after buying an additional 6,223 shares during the period. GAMMA Investing LLC increased its position in shares of Safety Insurance Group by 67.9% during the first quarter. GAMMA Investing LLC now owns 811 shares of the insurance provider's stock worth $64,000 after purchasing an additional 328 shares in the last quarter. Diversified Trust Co purchased a new stake in shares of Safety Insurance Group during the 1st quarter worth about $430,000. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of Safety Insurance Group during the 1st quarter worth approximately $927,000. Institutional investors own 81.04% of the company's stock.

Safety Insurance Group Trading Up 0.5%

Shares of Safety Insurance Group stock opened at $72.82 on Friday. The business has a fifty day simple moving average of $79.00 and a two-hundred day simple moving average of $78.31. Safety Insurance Group, Inc. has a 1 year low of $70.71 and a 1 year high of $90.00. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 14.89 and a beta of 0.26. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.42 and a quick ratio of 0.42.

Safety Insurance Group (NASDAQ:SAFT - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The insurance provider reported $1.28 earnings per share for the quarter, topping the consensus estimate 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 firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Monday, June 2nd were paid a $0.90 dividend. The ex-dividend date was Monday, June 2nd. This represents a $3.60 annualized dividend and a dividend yield of 4.94%. Safety Insurance Group's dividend payout ratio (DPR) is 73.62%.

Wall Street Analysts Forecast Growth

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

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.

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