State of New Jersey Common Pension Fund D lowered its position in Safety Insurance Group, Inc.NASDAQ: SAFT – Get Votes) and 18.2% in the first quarter, Holdings Channel.com reports. The fund owned 29,572 shares of the insurance company’s stock after selling 6,566 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Safety Insurance Group were worth $2,687,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SAFT. Allspring Global Investments Holdings LLC acquired a new position in Safety Insurance Group during the fourth quarter valued at $6,028,000. Assenagon Asset Management SA grew its holdings in Safety Insurance Group by 210.3% in the fourth quarter. Assenagon Asset Management SA now owns 80,132 shares of the insurance company’s stock valued at $6,814,000 after acquiring an additional 54,304 shares in the last quarter. Adage Capital Partners GP LLC acquired a new position in Safety Insurance Group during the fourth quarter valued at $3,058,000. Allianz Asset Management GmbH grew its holdings in Safety Insurance Group by 188.8% in the fourth quarter. Allianz Asset Management GmbH now owns 50,144 shares of the insurance company’s stock valued at $4,264,000 after acquiring an additional 32,781 shares in the last quarter. Finally, CWM LLC acquired a new position in Safety Insurance Group during the fourth quarter valued at $1,829,000. Investors and hedge funds own 79.46% of the company’s stock.
Selling Security Insurance Under 0.6%
Sections a SAFT opened at $86.55 on Friday. The stock’s 50-day moving average is $92.88 and its 200-day moving average is $88.74. The stock has a market cap of $1.28 billion, a PE ratio of 12.73 and a beta of 0.30. Safety Insurance Group, Inc. it has a 12 month low of $75.40 and a 12 month high of $99.75. The company has a debt ratio of 0.03, a current ratio of 0.33 and a quick ratio of 0.33.
Security Insurance Group (NASDAQ: SAFT – Get Votes) last announced its earnings results on Wednesday, May 4th. The insurance provider reported $0.99 earnings per share (EPS) for the quarter. The Safety Insurance Group had a profit margin of 10.10% and a margin of 11.93%. The business had revenue of $195.00 million for the quarter.
Financial reports Safety Insurance Group Dividend
The company also announced its third quarterly earnings, which were issued on Wednesday, June 15th. Stockholders of record on Wednesday, June 1st were issued a dividend of $0.90 per share. The company paid $3.60 per share last time and the annual yield was 4.16%. The previous share date was Tuesday, May 31st. Safety Insurance Group’s payout ratio is 52.94%.
Wall Street Analyst Weight In
Separately, TheStreet cut Security Insurance Group from a “b” rating to a “c+” rating in a research note on Friday, July 22nd.
Insider Transactions at Safety Insurance Group
In other news, Director Peter J. Manning sold 2,000 shares of Safety Insurance Group stock in a transaction dated Thursday, June 2nd. The stock was sold at a price of $90.93, for a total transaction of $181,860.00. Following the sale, the director now owns 5,000 shares of the company’s stock, valued at $454,650. The transaction was disclosed in a filing with the SEC, which can be accessed via This hyperlink. Company insiders own 4.20% of the company’s stock.
Opinions of the company Safety Insurance Group Company
Safety Insurance Group, Inc provides personal and commercial auto, as well as homeowner’s insurance in the United States. The company’s passenger car policies provide protection against bodily injury and property damage to others, protection of the insured/occupants of the insured vehicle, and damage to the insured vehicle in the event of a collision or other accident.
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