Safety Insurance Group, Inc. (SAFT) Shares Sold by BNP Paribas Arbitrage SA

BNP Paribas Arbitrage SA lowered its stake in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) by 1.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,963 shares of the insurance provider’s stock after selling 104 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Safety Insurance Group were worth $407,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of SAFT. BlackRock Inc. grew its holdings in Safety Insurance Group by 35,898.7% during the 1st quarter. BlackRock Inc. now owns 1,465,146 shares of the insurance provider’s stock worth $102,706,000 after acquiring an additional 1,461,076 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Safety Insurance Group by 44.5% during the 1st quarter. Renaissance Technologies LLC now owns 310,986 shares of the insurance provider’s stock worth $21,800,000 after acquiring an additional 95,800 shares during the last quarter. First Trust Advisors LP grew its holdings in Safety Insurance Group by 522.8% during the 1st quarter. First Trust Advisors LP now owns 107,026 shares of the insurance provider’s stock worth $7,503,000 after acquiring an additional 89,840 shares during the last quarter. State Street Corp grew its holdings in Safety Insurance Group by 23.1% during the 1st quarter. State Street Corp now owns 429,859 shares of the insurance provider’s stock worth $30,126,000 after acquiring an additional 80,753 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in Safety Insurance Group by 6.0% during the 1st quarter. Vanguard Group Inc. now owns 1,338,378 shares of the insurance provider’s stock worth $93,821,000 after acquiring an additional 75,812 shares during the last quarter. 78.85% of the stock is currently owned by hedge funds and other institutional investors.

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Separately, BidaskClub raised shares of Safety Insurance Group from a “sell” rating to a “hold” rating in a report on Saturday, June 10th.

Shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) opened at 71.40 on Friday. The firm’s 50-day moving average is $71.34 and its 200-day moving average is $69.69. Safety Insurance Group, Inc. has a one year low of $65.30 and a one year high of $75.05. The company has a market cap of $1.09 billion, a price-to-earnings ratio of 17.00 and a beta of 0.76.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were paid a dividend of $0.80 per share. This is an increase from Safety Insurance Group’s previous quarterly dividend of $0.70. The ex-dividend date was Wednesday, August 30th. This represents a $3.20 annualized dividend and a yield of 4.48%. Safety Insurance Group’s payout ratio is presently 76.19%.

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.

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

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