SRB Corp boosted its stake in shares of Security Insurance coverage Group, Inc. (NASDAQ:SAFT – Free Report) by 8.1% within the second quarter, in line with the corporate in its most up-to-date Type 13F submitting with the Securities & Change Fee. The agency owned 1,809,900 shares of the insurance coverage supplier’s inventory after shopping for an extra 135,118 shares throughout the interval. Security Insurance coverage Group accounts for about 7.6% of SRB Corp’s funding portfolio, making the inventory its fifth largest holding. SRB Corp owned roughly 12.24% of Security Insurance coverage Group value $129,806,000 as of its most up-to-date submitting with the Securities & Change Fee.
Different hedge funds and different institutional buyers have additionally not too long ago made adjustments to their positions within the firm. Cash Ideas Capital Corp bought a brand new stake in shares of Security Insurance coverage Group throughout the 4th quarter valued at $48,000. Tower Analysis Capital LLC TRC lifted its holdings in shares of Security Insurance coverage Group by 2,169.8% throughout the 1st quarter. Tower Analysis Capital LLC TRC now owns 976 shares of the insurance coverage supplier’s inventory valued at $73,000 after buying an extra 933 shares over the past quarter. Sei Investments Co. bought a brand new stake in shares of Security Insurance coverage Group throughout the 4th quarter valued at $202,000. Captrust Monetary Advisors lifted its holdings in shares of Security Insurance coverage Group by 20.2% throughout the 1st quarter. Captrust Monetary Advisors now owns 2,431 shares of the insurance coverage supplier’s inventory valued at $221,000 after buying an extra 409 shares over the past quarter. Lastly, Envestnet Asset Administration Inc. bought a brand new place in Security Insurance coverage Group within the 1st quarter value $223,000. Hedge funds and different institutional buyers personal 79.74% of the corporate’s inventory.
Analyst Upgrades and Downgrades
Individually, StockNews.com assumed protection on Security Insurance coverage Group in a analysis be aware on Thursday, October fifth. They issued a “maintain” score for the corporate.
Verify Out Our Newest Analysis Report on Security Insurance coverage Group
Security Insurance coverage Group Inventory Efficiency
Shares of SAFT inventory opened at $79.17 on Tuesday. The agency has a market capitalization of $1.17 billion, a price-to-earnings ratio of 37.52 and a beta of 0.23. The corporate has a debt-to-equity ratio of 0.04, a present ratio of 0.39 and a fast ratio of 0.39. The enterprise has a fifty day transferring common of $75.23 and a 200 day transferring common of $72.22. Security Insurance coverage Group, Inc. has a 1 12 months low of $65.78 and a 1 12 months excessive of $89.96.
Security Insurance coverage Group (NASDAQ:SAFT – Get Free Report) final issued its earnings outcomes on Wednesday, November 1st. The insurance coverage supplier reported $0.59 earnings per share (EPS) for the quarter. The corporate had income of $229.36 million throughout the quarter. Security Insurance coverage Group had a return on fairness of two.83% and a web margin of three.47%.
Security Insurance coverage Group Dividend Announcement
The enterprise additionally not too long ago declared a quarterly dividend, which will probably be paid on Friday, December fifteenth. Shareholders of document on Friday, December 1st will probably be given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 4.55%. The ex-dividend date is Thursday, November thirtieth. Security Insurance coverage Group’s dividend payout ratio is presently 170.62%.
Security Insurance coverage Group Profile
(Free Report)
Security Insurance coverage Group, Inc gives personal passenger and industrial vehicle, and home-owner insurance coverage in america. The corporate’s personal passenger vehicle insurance policies supply protection for bodily harm and property injury to others, no-fault private harm protection for the insured/insured’s automobile occupants, and bodily injury protection for an insured’s personal car for collision or different perils.
Additional Studying
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