Amundi Buys 4,693 Shares of Safety Insurance Group, Inc. (NASDAQ:SAFT)

Amundi grew its stake in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT - Free Report) by 189.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,170 shares of the insurance provider's stock after buying an additional 4,693 shares during the quarter. Amundi's holdings in Safety Insurance Group were worth $576,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. TimesSquare Capital Management LLC raised its holdings in Safety Insurance Group by 17.5% in 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 during the last quarter. Bank of New York Mellon Corp increased its position in Safety Insurance Group by 46.4% in 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 acquiring an additional 69,750 shares during the period. Barclays PLC increased its position in Safety Insurance Group by 348.8% in the 3rd quarter. Barclays PLC now owns 24,430 shares of the insurance provider's stock valued at $1,997,000 after acquiring an additional 18,987 shares during the period. Raymond James Financial Inc. bought a new position in shares of Safety Insurance Group during the fourth quarter valued at $1,200,000. Finally, Jane Street Group LLC lifted its holdings in shares of Safety Insurance Group by 57.4% during the third quarter. Jane Street Group LLC now owns 26,641 shares of the insurance provider's stock worth $2,179,000 after purchasing an additional 9,713 shares during the period. 81.04% of the stock is currently owned by institutional investors and hedge funds.

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Safety Insurance Group Stock Performance

Shares of SAFT traded up $1.78 during mid-day trading on Monday, reaching $78.30. 101,241 shares of the company were exchanged, compared to its average volume of 49,079. The business has a 50 day simple moving average of $77.84 and a two-hundred day simple moving average of $80.92. The stock has a market capitalization of $1.16 billion, a PE ratio of 15.50 and a beta of 0.13. Safety Insurance Group, Inc. has a 52 week low of $73.38 and a 52 week high of $90.00.

Safety Insurance Group (NASDAQ:SAFT - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The insurance provider reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $286.72 million for the quarter.

Safety Insurance Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were issued a $0.90 dividend. The ex-dividend date was Monday, March 3rd. This represents a $3.60 annualized dividend and a yield of 4.60%. Safety Insurance Group's payout ratio is 75.47%.

Analyst Upgrades and Downgrades

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

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.