Robeco Institutional Asset Management B.V. Trims Stock Position in Safety Insurance Group, Inc. (NASDAQ:SAFT) (2024)

Robeco Institutional Asset Management B.V. Trims Stock Position in Safety Insurance Group, Inc. (NASDAQ:SAFT) (1)Robeco Institutional Asset Management B.V. cut its holdings in Safety Insurance Group, Inc. (NASDAQ:SAFT - Free Report) by 19.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,281 shares of the insurance provider's stock after selling 11,244 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.31% of Safety Insurance Group worth $3,441,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Teacher Retirement System of Texas boosted its holdings in Safety Insurance Group by 7.5% in the third quarter. Teacher Retirement System of Texas now owns 4,563 shares of the insurance provider's stock worth $311,000 after purchasing an additional 319 shares in the last quarter. WINTON GROUP Ltd boosted its holdings in Safety Insurance Group by 58.9% during the third quarter. WINTON GROUP Ltd now owns 4,966 shares of the insurance provider's stock valued at $339,000 after acquiring an additional 1,840 shares during the period. HighTower Advisors LLC boosted its holdings in Safety Insurance Group by 13.3% during the third quarter. HighTower Advisors LLC now owns 5,531 shares of the insurance provider's stock valued at $386,000 after acquiring an additional 651 shares during the period. Keybank National Association OH boosted its holdings in Safety Insurance Group by 7.5% during the third quarter. Keybank National Association OH now owns 6,007 shares of the insurance provider's stock valued at $410,000 after acquiring an additional 420 shares during the period. Finally, Louisiana State Employees Retirement System bought a new stake in Safety Insurance Group during the fourth quarter valued at about $562,000. 81.04% of the stock is currently owned by institutional investors.

Ad StocksToTradeWrite this ticker symbol down…A megatrend now poised to mint a brand-new wave of millionaires right here in America.And today, self-made millionaire Tim Bohen is giving you an inside look at the megatrend that’s going to change everything.Discover the #1 company leading this revolution

Insider Activity

In other news, VP Stephen Albert Varga sold 900 shares of the company's stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $79.35, for a total transaction of $71,415.00. Following the completion of the transaction, the vice president now owns 28,465 shares of the company's stock, valued at $2,258,697.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.00% of the stock is owned by company insiders.

Safety Insurance Group Stock Performance

Shares of SAFT traded down $0.40 during trading hours on Wednesday, reaching $78.54. 35,406 shares of the company traded hands, compared to its average volume of 52,679. The stock's fifty day moving average is $80.37 and its 200 day moving average is $79.74. The stock has a market cap of $1.17 billion, a P/E ratio of 22.63 and a beta of 0.19. Safety Insurance Group, Inc. has a 1-year low of $65.78 and a 1-year high of $88.72.

Safety Insurance Group (NASDAQ:SAFT - Get Free Report) last announced its quarterly earnings data on Tuesday, February 27th. The insurance provider reported $0.30 EPS for the quarter. The business had revenue of $258.40 million during the quarter. Safety Insurance Group had a net margin of 5.20% and a return on equity of 4.90%.

Safety Insurance Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Monday, June 3rd will be given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.58%. The ex-dividend date is Friday, May 31st. Safety Insurance Group's dividend payout ratio is currently 103.75%.

Analyst Ratings Changes

SAFT has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of Safety Insurance Group from a "hold" rating to a "buy" rating in a report on Friday, May 10th. TheStreet upgraded shares of Safety Insurance Group from a "c+" rating to a "b" rating in a report on Tuesday, February 27th.

Get Our Latest Analysis on SAFT

About Safety Insurance Group

(Free Report)

Safety Insurance Group, Inc provides private passenger and commercial automobile, and homeowner insurance in 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.

Read More

  • Five stocks we like better than Safety Insurance Group
  • What is a buyback in stocks? A comprehensive guide for investors
  • TJX Companies Can Hit New Highs; Double-Digit Upside to Follow
  • Manufacturing Stocks Investing
  • A Hidden Gem Retailer With 20% Upside
  • How to Invest in Insurance Companies: A Guide
  • Zoom Stock’s Earnings Volatility Picked Up a Lot of Buyers

Robeco Institutional Asset Management B.V. Trims Stock Position in Safety Insurance Group, Inc. (NASDAQ:SAFT) (4)

→ Memorial Day Sale! Get 90% OFF Behind the Markets! (From Behind the Markets) (Ad)Robeco Institutional Asset Management B.V. Trims Stock Position in Safety Insurance Group, Inc. (NASDAQ:SAFT) (5)

Should you invest $1,000 in Safety Insurance Group right now?

Before you consider Safety Insurance Group, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Safety Insurance Group wasn't on the list.

While Safety Insurance Group currently has a "hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Robeco Institutional Asset Management B.V. Trims Stock Position in Safety Insurance Group, Inc. (NASDAQ:SAFT) (6)

The Best High-Yield Dividend Stocks for 2024

Looking to generate income with your stock portfolio? Use these ten stocks to generate a safe and reliable source of investment income.

Get This Free Report

Robeco Institutional Asset Management B.V. Trims Stock Position in Safety Insurance Group, Inc. (NASDAQ:SAFT) (2024)
Top Articles
Latest Posts
Article information

Author: Lakeisha Bayer VM

Last Updated:

Views: 5966

Rating: 4.9 / 5 (49 voted)

Reviews: 88% of readers found this page helpful

Author information

Name: Lakeisha Bayer VM

Birthday: 1997-10-17

Address: Suite 835 34136 Adrian Mountains, Floydton, UT 81036

Phone: +3571527672278

Job: Manufacturing Agent

Hobby: Skimboarding, Photography, Roller skating, Knife making, Paintball, Embroidery, Gunsmithing

Introduction: My name is Lakeisha Bayer VM, I am a brainy, kind, enchanting, healthy, lovely, clean, witty person who loves writing and wants to share my knowledge and understanding with you.