The most recent statement that Assenagon Asset Management S.A. filed with the SEC indicates that during the third quarter of 2018, it sold 86.0% of the shares of Safety Insurance Group, Inc. (NASDAQ: SAFT) that it owned. Following the completion of the period, the fund had a total of 4,067 shares of the insurance provider’s stock in its possession after having sold 24,949 shares during the period. The most recent report that Assenagon Asset Management S.A. submitted to the SEC reveals that the company possesses an investment in Safety Insurance Group valued at 332,000 dollars.
In addition, the positions that the company’s other institutional investors hold have been subjected to alterations. Strs Ohio increased its stake in Safety Insurance Group by 5.6% during the third quarter. The most recent quarter saw Strs Ohio acquire an additional 500 shares in the insurance provider, bringing the total number of shares owned by the company to 9,500, with a value of $774,000. This was the most recent acquisition for the company. Kayne Anderson Rudnick Investment Management LLC increased the amount of Safety Insurance Group stock owned by 0.3% during the second quarter of 2018. Kayne Anderson Rudnick Investment Management LLC now has a total of 115,762 shares of the insurance provider’s stock, valued at a combined total of $11,241,000, after purchasing an additional 374 shares during the preceding quarter. These 115,762 shares have a combined total value of $11,241,000. Royce & Associates L.P. increased the amount of Safety Insurance Group stock owned by 11.1% during the second quarter of the fiscal year. Royce & Associates L.P. now holds 120,115 shares in the insurance provider after purchasing an additional 12,048 shares during the most recent quarter for a total of 120,115 shares. These shares are currently worth a total of $11,663,000 as of right now. The value of the Texas Permanent School Fund’s holdings in Safety Insurance Group increased by 4.5 percent over the third quarter. After purchasing an additional 456 shares during the preceding quarter, Texas Permanent School Fund now owns 10,605 shares of the insurance provider’s stock. The current value of these shares is $865,000; In the time leading up to that event, the Texas Permanent School Fund had accumulated 10,605 shares of the company’s stock. During the second quarter, Mitsubishi UFJ Asset Management U.K. Ltd. increased the amount of Safety Insurance Group shares it owned by 18.8%, making this the last and most important point. After purchasing an additional 3,000 shares during the most recent quarter, Mitsubishi UFJ Asset Management U.K. Ltd. now has 19,000 shares of the insurance provider’s stock, which is currently valued at $1,845,000. This brings the company’s total number of shares owned to 19,000, an increase of 3,000 from the previous quarter. 91.79 institutional investors hold a percent of the company’s stock as ownership stakes.
Trading in SAFT shares began on Wednesday with an opening price of $85.50 per share. In the past 50 days, the moving average of the company has been $86.65, and in the past 200 days, the moving average has been $87.45. The company’s market capitalization is calculated to be $1.26 billion, while its price-to-earnings ratio stands at 23.62, and its beta equals 0.30. All the ratios, including the debt-to-equity ratio, the current ratio, the quick ratio, and the current ratio, are all equal to zero, and the quick ratio is also equal to zero. The lowest point over the past 52 weeks for Safety Insurance Group, Inc. was $76.78, while the highest over the past 52 weeks was $99.75.
On Tuesday, November 2, Safety Insurance Group (NASDAQ: SAFT) released its most recent quarterly earnings report. The report was for the three months ending in September. The insurance company saw a profit of $1.13 for every share of stock owned at the end of the previous quarter. Both the company’s return on equity and net margin, which is owned and operated by Safety Insurance Group, came in at 9.79%. The amount in question was $192.35 million in total revenue from the company during the relevant period.
In addition, the company announced a quarterly dividend, and on December 15, that dividend was paid out to shareholders. On Thursday, December 1, dividend payments to shareholders recorded in the company’s books were sent out. The amount of each dividend payment was $0.90 per share. This dividend had an ex-dividend date of November 30, a Wednesday, and the day after Thanksgiving. This equates to an annual dividend payment of $3.60 and a dividend yield of 4.21 percent for the investment. The dividend payout ratio, or DPR, for Safety Insurance Group is 99.45%. This ratio is also known as the payout ratio.
On October 12, in a separate piece of news, StockNews.com began publication of a research study concerning shares of Safety Insurance Group. They recommended that shareholders “hold” their shares of the company.
Safety Insurance Group, Inc. sells various insurance products in the United States. These include homeowner’s insurance and private passenger and commercial automobile insurance. The private passenger automobile policies that the company provides cover physical damage to an insured person’s vehicle as well as bodily injury and property damage to third parties, no-fault personal injury coverage for the insured person’s passengers, and bodily injury and property damage to others in the event of a collision or another hazard. In addition, the company’s policies cover bodily injury and property damage to others. In addition, the policies provide coverage for injuries to third parties and damage to their property.