Bank of Montreal Can Has $3.11 Million Position in Safety Insurance Group, Inc. (NASDAQ:SAFT)

Bank of Montreal Can lessened its holdings in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) by 3.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 32,654 shares of the insurance provider’s stock after selling 1,294 shares during the period. Bank of Montreal Can owned 0.21% of Safety Insurance Group worth $3,107,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. 6 Meridian grew its holdings in shares of Safety Insurance Group by 1.8% during the second quarter. 6 Meridian now owns 5,873 shares of the insurance provider’s stock worth $559,000 after purchasing an additional 105 shares during the last quarter. Naples Global Advisors LLC grew its holdings in shares of Safety Insurance Group by 1.0% during the second quarter. Naples Global Advisors LLC now owns 15,187 shares of the insurance provider’s stock worth $1,445,000 after purchasing an additional 150 shares during the last quarter. Mason Street Advisors LLC grew its holdings in shares of Safety Insurance Group by 3.4% during the first quarter. Mason Street Advisors LLC now owns 4,664 shares of the insurance provider’s stock worth $406,000 after purchasing an additional 154 shares during the last quarter. Piedmont Investment Advisors Inc. grew its holdings in shares of Safety Insurance Group by 5.6% during the first quarter. Piedmont Investment Advisors Inc. now owns 3,653 shares of the insurance provider’s stock worth $318,000 after purchasing an additional 194 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in shares of Safety Insurance Group by 3.3% during the second quarter. Russell Investments Group Ltd. now owns 6,076 shares of the insurance provider’s stock worth $579,000 after purchasing an additional 195 shares during the last quarter. Institutional investors own 80.29% of the company’s stock.

Shares of SAFT stock opened at $101.00 on Friday. The stock’s fifty day moving average is $96.84 and its 200-day moving average is $93.43. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.39 and a current ratio of 0.39. The stock has a market capitalization of $1.58 billion, a PE ratio of 15.35 and a beta of 0.58. Safety Insurance Group, Inc. has a 52 week low of $77.58 and a 52 week high of $102.94.

Safety Insurance Group (NASDAQ:SAFT) last announced its earnings results on Wednesday, July 31st. The insurance provider reported $1.47 EPS for the quarter. The company had revenue of $216.00 million for the quarter. Safety Insurance Group had a return on equity of 13.30% and a net margin of 12.03%.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Tuesday, September 3rd will be issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 3.56%. The ex-dividend date of this dividend is Friday, August 30th. This is a boost from Safety Insurance Group’s previous quarterly dividend of $0.80.

Separately, BidaskClub cut Safety Insurance Group from a “buy” rating to a “hold” rating in a report on Friday, August 9th.

Safety Insurance Group Company Profile

Safety Insurance Group, Inc provides private passenger and commercial automobile insurance in Massachusetts, New Hampshire, and Maine, 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.

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

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