Safety Insurance Group, Inc. (SAFT) Holdings Reduced by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its position in Safety Insurance Group, Inc. (NASDAQ:SAFT) by 1.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 399,995 shares of the insurance provider’s stock after selling 7,348 shares during the period. Bank of New York Mellon Corp owned approximately 2.63% of Safety Insurance Group worth $27,320,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. grew its position in Safety Insurance Group by 35,898.7% in the 1st quarter. BlackRock Inc. now owns 1,465,146 shares of the insurance provider’s stock worth $102,706,000 after purchasing an additional 1,461,076 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Safety Insurance Group by 6.0% in the first quarter. Vanguard Group Inc. now owns 1,338,378 shares of the insurance provider’s stock valued at $93,821,000 after acquiring an additional 75,812 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Safety Insurance Group by 1.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,272,944 shares of the insurance provider’s stock valued at $89,233,000 after acquiring an additional 20,774 shares in the last quarter. State Street Corp boosted its holdings in shares of Safety Insurance Group by 23.1% in the first quarter. State Street Corp now owns 429,859 shares of the insurance provider’s stock valued at $30,126,000 after acquiring an additional 80,753 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of Safety Insurance Group by 44.5% in the first quarter. Renaissance Technologies LLC now owns 310,986 shares of the insurance provider’s stock valued at $21,800,000 after acquiring an additional 95,800 shares in the last quarter. Hedge funds and other institutional investors own 78.85% of the company’s stock.

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Shares of Safety Insurance Group, Inc. (SAFT) opened at 72.50 on Wednesday. The stock has a market cap of $1.10 billion, a P/E ratio of 17.26 and a beta of 0.76. The company has a 50 day moving average of $71.15 and a 200 day moving average of $69.66. Safety Insurance Group, Inc. has a 12 month low of $65.23 and a 12 month high of $75.05.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be issued a dividend of $0.80 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $3.20 dividend on an annualized basis and a yield of 4.41%. This is a boost from Safety Insurance Group’s previous quarterly dividend of $0.70. Safety Insurance Group’s payout ratio is currently 76.19%.

Separately, BidaskClub upgraded shares of Safety Insurance Group from a “sell” rating to a “hold” rating in a report on Friday, June 30th.

Safety Insurance Group Company Profile

Safety Insurance Group, Inc is a provider of private passenger automobile insurance. The Company offers a portfolio of property and casualty insurance products. The Company is engaged in property and casualty insurance operations. The Company’s product line includes private passenger automobile, commercial automobile, homeowners, business owners’ policies, personal umbrella, dwelling fire, commercial umbrella, inland marine and watercraft.

Institutional Ownership by Quarter for Safety Insurance Group (NASDAQ:SAFT)

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