Catalytic Wealth RIA LLC Sells 6,274 Shares of Safety Insurance Group, Inc. (NASDAQ:SAFT)

Catalytic Wealth RIA LLC lessened its holdings in Safety Insurance Group, Inc. (NASDAQ:SAFT - Free Report) by 42.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,632 shares of the insurance provider's stock after selling 6,274 shares during the quarter. Catalytic Wealth RIA LLC owned 0.06% of Safety Insurance Group worth $706,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SAFT. Illinois Municipal Retirement Fund grew its stake in shares of Safety Insurance Group by 1.8% during the first quarter. Illinois Municipal Retirement Fund now owns 8,526 shares of the insurance provider's stock worth $701,000 after purchasing an additional 154 shares during the period. Texas Permanent School Fund Corp increased its position in Safety Insurance Group by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 12,946 shares of the insurance provider's stock worth $1,064,000 after purchasing an additional 168 shares in the last quarter. ProShare Advisors LLC grew its holdings in shares of Safety Insurance Group by 7.3% during the first quarter. ProShare Advisors LLC now owns 2,905 shares of the insurance provider's stock worth $239,000 after purchasing an additional 198 shares during the last quarter. Louisiana State Employees Retirement System grew its stake in shares of Safety Insurance Group by 2.7% in the second quarter. Louisiana State Employees Retirement System now owns 7,500 shares of the insurance provider's stock worth $563,000 after purchasing an additional 200 shares during the last quarter. Finally, Bessemer Group Inc. increased its position in shares of Safety Insurance Group by 458.9% during the first quarter. Bessemer Group Inc. now owns 313 shares of the insurance provider's stock worth $26,000 after buying an additional 257 shares during the period. 81.04% of the stock is owned by institutional investors.

Safety Insurance Group Trading Down 0.6 %

NASDAQ SAFT traded down $0.55 on Tuesday, hitting $86.65. 49,062 shares of the company traded hands, compared to its average volume of 52,015. Safety Insurance Group, Inc. has a 52-week low of $71.99 and a 52-week high of $90.00. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of 17.27 and a beta of 0.17. The business's 50 day moving average price is $81.86 and its 200-day moving average price is $80.64.

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

Safety Insurance Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, December 2nd will be given a dividend of $0.90 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $3.60 dividend on an annualized basis and a yield of 4.15%. Safety Insurance Group's dividend payout ratio is presently 71.29%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Safety Insurance Group from a "buy" rating to a "hold" rating in a research note on Wednesday, November 6th.

Insider Transactions at Safety Insurance Group

In related news, VP Glenn Hiltpold sold 389 shares of the business's stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $84.41, for a total transaction of $32,835.49. Following the transaction, the vice president now directly owns 11,204 shares in the company, valued at approximately $945,729.64. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders have sold 915 shares of company stock worth $75,125 over the last quarter. 2.00% of the stock is currently owned by insiders.

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.