Boston Partners Has $285,000 Stake in Safety Insurance Group, Inc. (SAFT)

Boston Partners trimmed its position in Safety Insurance Group, Inc. (NASDAQ:SAFT) by 97.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,539 shares of the insurance provider’s stock after selling 139,858 shares during the quarter. Boston Partners’ holdings in Safety Insurance Group were worth $285,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Safety Insurance Group by 3.3% in the second quarter. Vanguard Group Inc. now owns 1,382,190 shares of the insurance provider’s stock worth $94,404,000 after buying an additional 43,812 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Safety Insurance Group by 62.3% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 10,345 shares of the insurance provider’s stock worth $789,000 after buying an additional 3,970 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of Safety Insurance Group by 4.5% in the third quarter. Rhumbline Advisers now owns 31,985 shares of the insurance provider’s stock worth $2,440,000 after buying an additional 1,370 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of Safety Insurance Group by 54.2% in the third quarter. Wells Fargo & Company MN now owns 79,308 shares of the insurance provider’s stock worth $6,052,000 after buying an additional 27,860 shares during the last quarter. Finally, Thomson Horstmann & Bryant Inc. lifted its stake in shares of Safety Insurance Group by 14.9% in the fourth quarter. Thomson Horstmann & Bryant Inc. now owns 10,086 shares of the insurance provider’s stock worth $810,000 after buying an additional 1,307 shares during the last quarter. Institutional investors and hedge funds own 77.52% of the company’s stock.

Separately, BidaskClub cut shares of Safety Insurance Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, December 7th.

In other news, Director David F. Brussard sold 451 shares of the business’s stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $80.01, for a total value of $36,084.51. Following the completion of the sale, the director now directly owns 12,077 shares in the company, valued at $966,280.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director David F. Brussard sold 14,549 shares of the company’s stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $81.36, for a total transaction of $1,183,706.64. Following the transaction, the director now owns 12,077 shares of the company’s stock, valued at $982,584.72. The disclosure for this sale can be found here. Insiders sold 31,505 shares of company stock valued at $2,547,566 over the last 90 days. 4.90% of the stock is owned by corporate insiders.

Shares of Safety Insurance Group, Inc. (SAFT) opened at $73.95 on Friday. Safety Insurance Group, Inc. has a one year low of $65.75 and a one year high of $84.00. The firm has a market cap of $1,130.00, a price-to-earnings ratio of 17.86 and a beta of 0.71.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.33%. Safety Insurance Group’s payout ratio is 77.29%.

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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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