Inceptionr LLC Acquires Shares of 3,575 Safety Insurance Group, Inc. (NASDAQ:SAFT)

Inceptionr LLC bought a new position in Safety Insurance Group, Inc. (NASDAQ:SAFT - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,575 shares of the insurance provider's stock, valued at approximately $295,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. TimesSquare Capital Management LLC lifted its position in shares of Safety Insurance Group by 17.5% during the 4th quarter. TimesSquare Capital Management LLC now owns 602,449 shares of the insurance provider's stock valued at $49,642,000 after buying an additional 89,561 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Safety Insurance Group by 46.4% during the 4th quarter. Bank of New York Mellon Corp now owns 219,960 shares of the insurance provider's stock valued at $18,125,000 after buying an additional 69,750 shares in the last quarter. Barclays PLC lifted its position in shares of Safety Insurance Group by 348.8% during the 3rd quarter. Barclays PLC now owns 24,430 shares of the insurance provider's stock valued at $1,997,000 after buying an additional 18,987 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Safety Insurance Group during the 4th quarter valued at about $1,200,000. Finally, Jane Street Group LLC lifted its position in shares of Safety Insurance Group by 57.4% during the 3rd quarter. Jane Street Group LLC now owns 26,641 shares of the insurance provider's stock valued at $2,179,000 after buying an additional 9,713 shares in the last quarter. 81.04% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Analysts Set New Price Targets

Separately, StockNews.com cut Safety Insurance Group from a "buy" rating to a "hold" rating in a report on Thursday, February 27th.

Safety Insurance Group Stock Up 0.0 %

NASDAQ SAFT traded up $0.02 during trading hours on Wednesday, reaching $76.18. The company's stock had a trading volume of 58,969 shares, compared to its average volume of 48,671. The firm's 50-day moving average price is $78.25 and its 200-day moving average price is $81.43. Safety Insurance Group, Inc. has a 1 year low of $73.38 and a 1 year high of $90.00. The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of 15.09 and a beta of 0.13.

Safety Insurance Group (NASDAQ:SAFT - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The insurance provider reported $0.94 EPS for the quarter, missing analysts' consensus estimates of $1.17 by ($0.23). Safety Insurance Group had a return on equity of 6.35% and a net margin of 6.86%. The business had revenue of $286.72 million during the quarter.

Safety Insurance Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 4.73%. The ex-dividend date of this dividend is Monday, March 3rd. Safety Insurance Group's payout ratio is 75.47%.

Safety Insurance Group Company Profile

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.