Robeco Institutional Asset Management B.V. Trims Stock Position in Safety Insurance Group, Inc. (NASDAQ:SAFT)

Robeco Institutional Asset Management B.V. cut its holdings in Safety Insurance Group, Inc. (NASDAQ:SAFT - Free Report) by 19.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,281 shares of the insurance provider's stock after selling 11,244 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.31% of Safety Insurance Group worth $3,441,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Teacher Retirement System of Texas boosted its holdings in Safety Insurance Group by 7.5% in the third quarter. Teacher Retirement System of Texas now owns 4,563 shares of the insurance provider's stock worth $311,000 after purchasing an additional 319 shares in the last quarter. WINTON GROUP Ltd boosted its holdings in Safety Insurance Group by 58.9% during the third quarter. WINTON GROUP Ltd now owns 4,966 shares of the insurance provider's stock valued at $339,000 after acquiring an additional 1,840 shares during the period. HighTower Advisors LLC boosted its holdings in Safety Insurance Group by 13.3% during the third quarter. HighTower Advisors LLC now owns 5,531 shares of the insurance provider's stock valued at $386,000 after acquiring an additional 651 shares during the period. Keybank National Association OH boosted its holdings in Safety Insurance Group by 7.5% during the third quarter. Keybank National Association OH now owns 6,007 shares of the insurance provider's stock valued at $410,000 after acquiring an additional 420 shares during the period. Finally, Louisiana State Employees Retirement System bought a new stake in Safety Insurance Group during the fourth quarter valued at about $562,000. 81.04% of the stock is currently owned by institutional investors.

Insider Activity

In other news, VP Stephen Albert Varga sold 900 shares of the company's stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $79.35, for a total transaction of $71,415.00. Following the completion of the transaction, the vice president now owns 28,465 shares of the company's stock, valued at $2,258,697.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.00% of the stock is owned by company insiders.

Safety Insurance Group Stock Performance

Shares of SAFT traded down $0.40 during trading hours on Wednesday, reaching $78.54. 35,406 shares of the company traded hands, compared to its average volume of 52,679. The stock's fifty day moving average is $80.37 and its 200 day moving average is $79.74. The stock has a market cap of $1.17 billion, a P/E ratio of 22.63 and a beta of 0.19. Safety Insurance Group, Inc. has a 1-year low of $65.78 and a 1-year high of $88.72.

Safety Insurance Group (NASDAQ:SAFT - Get Free Report) last announced its quarterly earnings data on Tuesday, February 27th. The insurance provider reported $0.30 EPS for the quarter. The business had revenue of $258.40 million during the quarter. Safety Insurance Group had a net margin of 5.20% and a return on equity of 4.90%.

Safety Insurance Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Monday, June 3rd will be given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.58%. The ex-dividend date is Friday, May 31st. Safety Insurance Group's dividend payout ratio is currently 103.75%.

Analyst Ratings Changes

SAFT has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of Safety Insurance Group from a "hold" rating to a "buy" rating in a report on Friday, May 10th. TheStreet upgraded shares of Safety Insurance Group from a "c+" rating to a "b" rating in a report on Tuesday, February 27th.

About Safety Insurance Group

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.