Victory Capital Management Inc. Buys 19,004 Shares of Safety Insurance Group, Inc. (NASDAQ:SAFT)

Victory Capital Management Inc. raised its stake in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT - Free Report) by 1.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,174,371 shares of the insurance provider's stock after purchasing an additional 19,004 shares during the quarter. Victory Capital Management Inc. owned 7.94% of Safety Insurance Group worth $89,240,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC bought a new position in shares of Safety Insurance Group during the 3rd quarter valued at about $299,000. Raymond James Financial Services Advisors Inc. raised its stake in shares of Safety Insurance Group by 42.9% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 17,980 shares of the insurance provider's stock worth $1,226,000 after acquiring an additional 5,397 shares in the last quarter. Inspire Investing LLC lifted its holdings in shares of Safety Insurance Group by 3.2% in the 3rd quarter. Inspire Investing LLC now owns 4,513 shares of the insurance provider's stock worth $308,000 after acquiring an additional 141 shares during the last quarter. Triumph Capital Management lifted its holdings in shares of Safety Insurance Group by 8.3% in the 3rd quarter. Triumph Capital Management now owns 7,889 shares of the insurance provider's stock worth $538,000 after acquiring an additional 602 shares during the last quarter. Finally, Teacher Retirement System of Texas boosted its stake in shares of Safety Insurance Group by 7.5% in the 3rd quarter. Teacher Retirement System of Texas now owns 4,563 shares of the insurance provider's stock valued at $311,000 after purchasing an additional 319 shares in the last quarter. Hedge funds and other institutional investors own 81.04% of the company's stock.

Insider Activity

In other Safety Insurance Group news, VP Stephen Albert Varga sold 900 shares of the stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $79.35, for a total value of $71,415.00. Following the completion of the sale, the vice president now owns 28,465 shares in the company, valued at approximately $2,258,697.75. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 2.00% of the company's stock.

Safety Insurance Group Trading Down 2.0 %

Shares of NASDAQ SAFT traded down $1.60 during midday trading on Friday, reaching $79.40. The company had a trading volume of 56,361 shares, compared to its average volume of 38,857. The stock has a market cap of $1.18 billion, a PE ratio of 62.52 and a beta of 0.19. Safety Insurance Group, Inc. has a one year low of $65.78 and a one year high of $88.72. The firm's fifty day moving average price is $80.32 and its 200-day moving average price is $79.21. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.04.

Safety Insurance Group (NASDAQ:SAFT - Get Free Report) last announced its quarterly earnings data on Tuesday, February 27th. The insurance provider reported $0.30 earnings per share for the quarter. Safety Insurance Group had a return on equity of 1.56% and a net margin of 2.03%. The firm had revenue of $258.40 million during the quarter.

Safety Insurance Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 4.53%. The ex-dividend date was Thursday, February 29th. Safety Insurance Group's dividend payout ratio (DPR) is presently 283.47%.

Wall Street Analyst Weigh In

Separately, TheStreet upgraded shares of Safety Insurance Group from a "c+" rating to a "b" rating in a research report on Tuesday, February 27th.

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.