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JPMorgan Chase & Co. Has $14.30 Million Stock Position in Safety Insurance Group, Inc. (NASDAQ:SAFT)

Safety Insurance Group logo with Finance background

JPMorgan Chase & Co. lifted its holdings in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT - Free Report) by 5.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 174,859 shares of the insurance provider's stock after buying an additional 9,531 shares during the period. JPMorgan Chase & Co. owned 1.18% of Safety Insurance Group worth $14,300,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of SAFT. Inspire Investing LLC boosted its stake in Safety Insurance Group by 7.4% during the 2nd quarter. Inspire Investing LLC now owns 4,658 shares of the insurance provider's stock valued at $349,000 after purchasing an additional 319 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of Safety Insurance Group by 6.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,386 shares of the insurance provider's stock worth $554,000 after acquiring an additional 420 shares during the period. WINTON GROUP Ltd lifted its stake in shares of Safety Insurance Group by 4.8% in the 2nd quarter. WINTON GROUP Ltd now owns 11,771 shares of the insurance provider's stock worth $883,000 after acquiring an additional 537 shares during the period. Silver Lake Advisory LLC lifted its stake in shares of Safety Insurance Group by 1.8% in the 2nd quarter. Silver Lake Advisory LLC now owns 41,658 shares of the insurance provider's stock worth $3,126,000 after acquiring an additional 752 shares during the period. Finally, Exchange Traded Concepts LLC lifted its stake in shares of Safety Insurance Group by 4.9% in the 3rd quarter. Exchange Traded Concepts LLC now owns 20,291 shares of the insurance provider's stock worth $1,659,000 after acquiring an additional 942 shares during the period. Institutional investors own 81.04% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Safety Insurance Group from a "hold" rating to a "buy" rating in a research note on Thursday, November 14th.

Read Our Latest Report on Safety Insurance Group

Safety Insurance Group Trading Down 3.0 %

SAFT stock traded down $2.41 on Friday, hitting $77.91. 67,353 shares of the company's stock traded hands, compared to its average volume of 51,826. Safety Insurance Group, Inc. has a 1-year low of $71.99 and a 1-year high of $90.00. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 15.43 and a beta of 0.20. The stock has a fifty day moving average of $83.66 and a 200-day moving average of $82.35.

Safety Insurance Group (NASDAQ:SAFT - Get Free Report) last released its quarterly earnings results on Tuesday, November 5th. The insurance provider reported $1.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.40 by ($0.30). Safety Insurance Group had a net margin of 6.86% and a return on equity of 6.35%. The firm had revenue of $295.28 million for the quarter.

Safety Insurance Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, December 2nd were paid a $0.90 dividend. The ex-dividend date was Monday, December 2nd. This represents a $3.60 annualized dividend and a yield of 4.62%. Safety Insurance Group's dividend payout ratio is presently 71.29%.

About Safety Insurance Group

(Free Report)

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

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