International Assets Investment Management LLC Purchases 16,156 Shares of Safety Insurance Group, Inc. (NASDAQ:SAFT)

International Assets Investment Management LLC increased its position in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT - Free Report) by 8,078.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,356 shares of the insurance provider's stock after buying an additional 16,156 shares during the quarter. International Assets Investment Management LLC owned 0.11% of Safety Insurance Group worth $1,338,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Everence Capital Management Inc. bought a new stake in Safety Insurance Group during the 3rd quarter worth about $267,000. Mitsubishi UFJ Asset Management UK Ltd. boosted its holdings in shares of Safety Insurance Group by 17.4% in the third quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 13,500 shares of the insurance provider's stock valued at $1,104,000 after buying an additional 2,000 shares during the period. Creative Planning bought a new position in Safety Insurance Group during the 3rd quarter worth about $299,000. Exchange Traded Concepts LLC grew its holdings in shares of Safety Insurance Group by 4.9% during the third quarter. Exchange Traded Concepts LLC now owns 20,291 shares of the insurance provider's stock worth $1,659,000 after buying an additional 942 shares in the last quarter. Finally, Inspire Investing LLC raised its holdings in shares of Safety Insurance Group by 8.3% in the third quarter. Inspire Investing LLC now owns 5,045 shares of the insurance provider's stock valued at $413,000 after purchasing an additional 387 shares during the last quarter. Institutional investors own 81.04% of the company's stock.

Insider Activity

In other Safety Insurance Group news, VP Glenn Hiltpold sold 389 shares of the business's stock in a transaction on Friday, September 6th. The shares were sold at an average price of $84.41, for a total transaction of $32,835.49. Following the completion of the sale, the vice president now owns 11,204 shares in the company, valued at approximately $945,729.64. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold 915 shares of company stock valued at $75,125 in the last ninety days. 2.00% of the stock is owned by company insiders.

Safety Insurance Group Price Performance

SAFT traded up $1.48 during trading on Tuesday, hitting $79.77. The stock had a trading volume of 38,448 shares, compared to its average volume of 51,426. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of 22.69 and a beta of 0.17. Safety Insurance Group, Inc. has a one year low of $71.99 and a one year high of $89.46. The company has a 50 day moving average price of $82.11 and a 200-day moving average price of $80.50.

Safety Insurance Group (NASDAQ:SAFT - Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The insurance provider reported $1.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.12). Safety Insurance Group had a net margin of 4.96% and a return on equity of 5.53%. The company had revenue of $269.78 million for the quarter.

Safety Insurance Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, December 2nd will be given a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 4.51%. Safety Insurance Group's dividend payout ratio (DPR) is presently 104.35%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Safety Insurance Group from a "hold" rating to a "buy" rating in a research report on Thursday, September 5th.

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.