Thomson Horstmann & Bryant Inc. lowered its holdings in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) by 7.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 10,324 shares of the insurance provider’s stock after selling 780 shares during the period. Thomson Horstmann & Bryant Inc. owned about 0.07% of Safety Insurance Group worth $925,000 as of its most recent filing with the SEC.
Other hedge funds have also added to or reduced their stakes in the company. Itau Unibanco Holding S.A. bought a new position in shares of Safety Insurance Group during the 2nd quarter valued at $151,000. KBC Group NV purchased a new stake in Safety Insurance Group during the 2nd quarter valued at $197,000. Raymond James & Associates purchased a new stake in Safety Insurance Group during the 2nd quarter valued at $233,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Safety Insurance Group during the 2nd quarter valued at $276,000. Finally, Vident Investment Advisory LLC purchased a new stake in Safety Insurance Group during the 2nd quarter valued at $333,000. 79.94% of the stock is currently owned by institutional investors.
In other Safety Insurance Group news, Director David D. Mckown sold 1,235 shares of the stock in a transaction on Monday, September 10th. The shares were sold at an average price of $96.53, for a total transaction of $119,214.55. Following the completion of the sale, the director now owns 4,500 shares of the company’s stock, valued at approximately $434,385. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director David D. Mckown sold 3,765 shares of the stock in a transaction on Thursday, September 6th. The shares were sold at an average price of $98.67, for a total transaction of $371,492.55. Following the sale, the director now directly owns 5,735 shares of the company’s stock, valued at approximately $565,872.45. The disclosure for this sale can be found here. Insiders have sold a total of 10,130 shares of company stock valued at $993,550 in the last three months. 4.90% of the stock is currently owned by corporate insiders.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Monday, December 3rd will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Friday, November 30th. This represents a $3.20 annualized dividend and a yield of 3.69%.
Separately, BidaskClub cut shares of Safety Insurance Group from a “sell” rating to a “strong sell” rating in a research report on Thursday, October 18th.
About Safety Insurance Group
Safety Insurance Group, Inc provides private passenger and commercial automobile insurance in Massachusetts, New Hampshire, and Maine, 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.
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