Invesco Ltd. Decreases Stock Position in Safety Insurance Group, Inc. (NASDAQ:SAFT)

Invesco Ltd. lessened its position in Safety Insurance Group, Inc. (NASDAQ:SAFT) by 15.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 189,649 shares of the insurance provider’s stock after selling 33,683 shares during the quarter. Invesco Ltd. owned about 1.27% of Safety Insurance Group worth $14,846,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Alpha Paradigm Partners LLC purchased a new position in Safety Insurance Group during the second quarter worth approximately $42,000. Lazard Asset Management LLC lifted its position in Safety Insurance Group by 404.8% during the second quarter. Lazard Asset Management LLC now owns 2,095 shares of the insurance provider’s stock worth $163,000 after buying an additional 1,680 shares in the last quarter. Federated Hermes Inc. purchased a new position in Safety Insurance Group during the second quarter worth approximately $165,000. Schonfeld Strategic Advisors LLC purchased a new position in Safety Insurance Group during the first quarter worth approximately $203,000. Finally, Advisor Partners LLC purchased a new position in Safety Insurance Group during the first quarter worth approximately $253,000. Institutional investors and hedge funds own 77.46% of the company’s stock.

In other Safety Insurance Group news, insider Ann Marie Mckeown sold 3,390 shares of the firm’s stock in a transaction on Wednesday, September 22nd. The stock was sold at an average price of $79.01, for a total transaction of $267,843.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 4.30% of the stock is owned by company insiders.

Shares of Safety Insurance Group stock opened at $79.56 on Thursday. Safety Insurance Group, Inc. has a one year low of $70.78 and a one year high of $87.98. The company has a market cap of $1.19 billion, a price-to-earnings ratio of 7.88 and a beta of 0.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.38 and a current ratio of 0.34. The business’s 50 day moving average price is $79.79 and its 200 day moving average price is $80.33.

Safety Insurance Group (NASDAQ:SAFT) last posted its earnings results on Wednesday, November 3rd. The insurance provider reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.55. The company had revenue of $213.71 million during the quarter. Safety Insurance Group had a return on equity of 13.32% and a net margin of 16.97%.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 15th. Shareholders of record on Wednesday, December 1st will be paid a dividend of $0.90 per share. The ex-dividend date of this dividend is Tuesday, November 30th. This represents a $3.60 annualized dividend and a yield of 4.52%. Safety Insurance Group’s dividend payout ratio (DPR) is 35.64%.

Safety Insurance Group Profile

Safety Insurance Group, Inc engages in the management and provision of insurance services. It offers property and casualty insurance products which include commercial vehicles and fleets. The firm provides private passenger automobile, commercial automobile and homeowners insurance. The company was founded in 1979 and is headquartered in Boston, MA.

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

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