Prudential Financial Inc. Has $2.49 Million Position in Safety Insurance Group, Inc. (SAFT)

Prudential Financial Inc. cut its position in Safety Insurance Group, Inc. (NASDAQ:SAFT) by 7.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,584 shares of the insurance provider’s stock after selling 2,570 shares during the quarter. Prudential Financial Inc. owned about 0.21% of Safety Insurance Group worth $2,486,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Piedmont Investment Advisors LLC bought a new position in shares of Safety Insurance Group in the second quarter valued at $211,000. Crossmark Global Holdings Inc. bought a new position in Safety Insurance Group during the third quarter worth $329,000. QS Investors LLC boosted its position in Safety Insurance Group by 45.0% during the second quarter. QS Investors LLC now owns 4,403 shares of the insurance provider’s stock worth $301,000 after purchasing an additional 1,367 shares during the period. Municipal Employees Retirement System of Michigan boosted its position in Safety Insurance Group by 112.9% during the second quarter. Municipal Employees Retirement System of Michigan now owns 6,940 shares of the insurance provider’s stock worth $474,000 after purchasing an additional 3,680 shares during the period. Finally, OxFORD Asset Management LLP bought a new position in Safety Insurance Group during the second quarter worth $507,000. 78.61% of the stock is owned by institutional investors and hedge funds.

Separately, Compass Point cut shares of Safety Insurance Group from a “neutral” rating to a “sell” rating in a research report on Monday, October 16th.

In other news, Director Frederic H. Lindeberg sold 1,000 shares of Safety Insurance Group stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $83.16, for a total transaction of $83,160.00. Following the completion of the sale, the director now owns 19,000 shares of the company’s stock, valued at $1,580,040. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Frederic H. Lindeberg sold 2,000 shares of the business’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $82.35, for a total value of $164,700.00. Following the completion of the transaction, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $1,647,000. The disclosure for this sale can be found here. 4.90% of the stock is currently owned by company insiders.

Safety Insurance Group, Inc. (NASDAQ SAFT) opened at $81.60 on Tuesday. Safety Insurance Group, Inc. has a 52-week low of $65.75 and a 52-week high of $84.00. The company has a market cap of $1,250.71, a price-to-earnings ratio of 19.89 and a beta of 0.78.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.92%. The ex-dividend date of this dividend is Thursday, November 30th. Safety Insurance Group’s dividend payout ratio is currently 77.11%.

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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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