Teacher Retirement System of Texas Purchases Shares of 14,750 Safety Insurance Group, Inc. (NASDAQ:SAFT)

Teacher Retirement System of Texas purchased a new stake in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 14,750 shares of the insurance provider's stock, valued at approximately $1,215,000. Teacher Retirement System of Texas owned approximately 0.10% of Safety Insurance Group at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of SAFT. Signaturefd LLC boosted its position in Safety Insurance Group by 94.9% during the 4th quarter. Signaturefd LLC now owns 308 shares of the insurance provider's stock worth $25,000 after acquiring an additional 150 shares during the period. Naples Global Advisors LLC boosted its holdings in shares of Safety Insurance Group by 1.3% during the fourth quarter. Naples Global Advisors LLC now owns 17,373 shares of the insurance provider's stock worth $1,432,000 after purchasing an additional 225 shares during the period. Anchor Capital Advisors LLC grew its position in Safety Insurance Group by 1.6% during the fourth quarter. Anchor Capital Advisors LLC now owns 16,890 shares of the insurance provider's stock valued at $1,392,000 after purchasing an additional 268 shares in the last quarter. KBC Group NV grew its position in Safety Insurance Group by 52.2% during the fourth quarter. KBC Group NV now owns 1,000 shares of the insurance provider's stock valued at $82,000 after purchasing an additional 343 shares in the last quarter. Finally, Rhumbline Advisers increased its stake in Safety Insurance Group by 0.9% in the 4th quarter. Rhumbline Advisers now owns 46,207 shares of the insurance provider's stock valued at $3,807,000 after buying an additional 413 shares during the period. 81.04% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Analyst Ratings Changes

Separately, StockNews.com cut shares of Safety Insurance Group from a "buy" rating to a "hold" rating in a report on Thursday, February 27th.

Safety Insurance Group Stock Performance

Shares of NASDAQ SAFT traded down $0.17 during trading hours on Wednesday, hitting $79.80. The stock had a trading volume of 60,157 shares, compared to its average volume of 52,706. The firm's 50-day moving average price is $77.85 and its two-hundred day moving average price is $80.74. Safety Insurance Group, Inc. has a 52 week low of $73.38 and a 52 week high of $90.00. The company has a market capitalization of $1.18 billion, a P/E ratio of 15.80 and a beta of 0.13.

Safety Insurance Group (NASDAQ:SAFT - Get Free Report) last posted its earnings results on Tuesday, February 25th. The insurance provider reported $0.94 EPS for the quarter, missing the consensus estimate of $1.17 by ($0.23). The business had revenue of $286.72 million during 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 business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.90 per share. The ex-dividend date was Monday, March 3rd. This represents a $3.60 annualized dividend and a yield of 4.51%. Safety Insurance Group's dividend payout ratio (DPR) is currently 75.47%.

Safety Insurance Group Company Profile

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.