Rhumbline Advisers Buys 1,370 Shares of Safety Insurance Group, Inc. (SAFT)

Rhumbline Advisers increased its stake in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) by 4.5% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 31,985 shares of the insurance provider’s stock after acquiring an additional 1,370 shares during the period. Rhumbline Advisers owned approximately 0.21% of Safety Insurance Group worth $2,440,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the stock. BlackRock Inc. increased its holdings in Safety Insurance Group by 1.0% during the 2nd quarter. BlackRock Inc. now owns 1,479,989 shares of the insurance provider’s stock worth $101,083,000 after purchasing an additional 14,843 shares during the last quarter. Vanguard Group Inc. increased its holdings in Safety Insurance Group by 3.3% during the 2nd quarter. Vanguard Group Inc. now owns 1,382,190 shares of the insurance provider’s stock worth $94,404,000 after purchasing an additional 43,812 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Safety Insurance Group by 0.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,277,824 shares of the insurance provider’s stock worth $87,276,000 after purchasing an additional 4,880 shares during the last quarter. Northern Trust Corp increased its holdings in Safety Insurance Group by 1.6% during the 2nd quarter. Northern Trust Corp now owns 553,619 shares of the insurance provider’s stock worth $37,812,000 after purchasing an additional 8,981 shares during the last quarter. Finally, State Street Corp increased its holdings in Safety Insurance Group by 4.5% during the 2nd quarter. State Street Corp now owns 448,998 shares of the insurance provider’s stock worth $30,663,000 after purchasing an additional 19,139 shares during the last quarter. 78.61% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Frederic H. Lindeberg sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $82.35, for a total value of $164,700.00. Following the completion of the sale, the director now directly owns 20,000 shares in the company, valued at approximately $1,647,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Frederic H. Lindeberg sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $83.16, for a total value of $83,160.00. Following the completion of the sale, the director now owns 19,000 shares of the company’s stock, valued at $1,580,040. The disclosure for this sale can be found here. 4.90% of the stock is currently owned by insiders.

Shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) opened at $80.05 on Monday. Safety Insurance Group, Inc. has a twelve month low of $65.75 and a twelve month high of $84.00. The firm has a market capitalization of $1,212.84, a P/E ratio of 19.29 and a beta of 0.78.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a $0.80 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.00%. Safety Insurance Group’s dividend payout ratio (DPR) is 77.11%.

Several equities research analysts have issued reports on the company. Compass Point downgraded Safety Insurance Group from a “neutral” rating to a “sell” rating in a report on Monday, October 16th. BidaskClub downgraded Safety Insurance Group from a “strong-buy” rating to a “buy” rating in a report on Thursday.

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About Safety Insurance Group

Safety Insurance Group, Inc is a provider of private passenger automobile insurance. The Company offers a portfolio of property and casualty insurance products. The Company is engaged in property and casualty insurance operations. The Company’s product line includes private passenger automobile, commercial automobile, homeowners, business owners’ policies, personal umbrella, dwelling fire, commercial umbrella, inland marine and watercraft.

Institutional Ownership by Quarter for Safety Insurance Group (NASDAQ:SAFT)

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