Safety Insurance Group, Inc. (NASDAQ:SAFT) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in Safety Insurance Group, Inc. (NASDAQ:SAFT - Free Report) by 15.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,881 shares of the insurance provider's stock after selling 5,993 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.21% of Safety Insurance Group worth $2,607,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Louisiana State Employees Retirement System grew its position in shares of Safety Insurance Group by 2.7% during the 2nd quarter. Louisiana State Employees Retirement System now owns 7,500 shares of the insurance provider's stock valued at $563,000 after acquiring an additional 200 shares during the period. Mitsubishi UFJ Asset Management UK Ltd. grew its position in shares of Safety Insurance Group by 15.0% during the 2nd quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 11,500 shares of the insurance provider's stock valued at $863,000 after acquiring an additional 1,500 shares during the period. Anchor Capital Advisors LLC grew its position in shares of Safety Insurance Group by 26.5% during the 2nd quarter. Anchor Capital Advisors LLC now owns 16,765 shares of the insurance provider's stock valued at $1,258,000 after acquiring an additional 3,513 shares during the period. WINTON GROUP Ltd grew its position in shares of Safety Insurance Group by 4.8% during the 2nd quarter. WINTON GROUP Ltd now owns 11,771 shares of the insurance provider's stock valued at $883,000 after acquiring an additional 537 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Safety Insurance Group by 1.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 756,633 shares of the insurance provider's stock valued at $56,770,000 after acquiring an additional 11,146 shares during the period. Institutional investors and hedge funds own 81.04% of the company's stock.

Wall Street Analyst Weigh In

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

Safety Insurance Group Stock Up 0.2 %

Safety Insurance Group stock traded up $0.19 during trading hours on Friday, hitting $83.71. The stock had a trading volume of 27,364 shares, compared to its average volume of 67,694. The stock's 50-day moving average price is $83.18 and its 200-day moving average price is $81.53. Safety Insurance Group, Inc. has a 12-month low of $71.99 and a 12-month high of $90.00. The stock has a market capitalization of $1.24 billion, a P/E ratio of 16.58 and a beta of 0.19.

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 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, December 2nd were paid a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 4.30%. The ex-dividend date was Monday, December 2nd. Safety Insurance Group's dividend payout ratio is presently 71.29%.

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.