Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,365 shares of the insurance provider's stock, valued at approximately $607,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of SAFT. Quest Partners LLC bought a new stake in Safety Insurance Group during the 3rd quarter valued at $379,000. Charles Schwab Investment Management Inc. lifted its position in Safety Insurance Group by 1.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 233,023 shares of the insurance provider's stock valued at $19,057,000 after acquiring an additional 4,263 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Safety Insurance Group during the 3rd quarter worth approximately $213,000. Martingale Asset Management L P raised its stake in shares of Safety Insurance Group by 9.3% in the third quarter. Martingale Asset Management L P now owns 17,692 shares of the insurance provider's stock worth $1,447,000 after purchasing an additional 1,512 shares during the last quarter. Finally, State Street Corp lifted its holdings in shares of Safety Insurance Group by 0.5% in the third quarter. State Street Corp now owns 589,457 shares of the insurance provider's stock valued at $48,206,000 after purchasing an additional 2,682 shares in the last quarter. Institutional investors own 81.04% of the company's stock.
Safety Insurance Group Stock Up 0.7 %
Safety Insurance Group stock traded up $0.57 during mid-day trading on Wednesday, reaching $78.90. 45,984 shares of the company's stock were exchanged, compared to its average volume of 49,242. The firm has a market capitalization of $1.17 billion, a PE ratio of 15.62 and a beta of 0.13. The business's fifty day simple moving average is $77.83 and its 200 day simple moving average is $80.84. Safety Insurance Group, Inc. has a one year low of $73.38 and a one year high of $90.00.
Safety Insurance Group (NASDAQ:SAFT - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The insurance provider reported $0.94 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 company had revenue of $286.72 million during the quarter.
Safety Insurance Group Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 4.56%. The ex-dividend date of this dividend was Monday, March 3rd. Safety Insurance Group's dividend payout ratio (DPR) is presently 75.47%.
Analysts Set New Price Targets
Separately, StockNews.com cut Safety Insurance Group from a "buy" rating to a "hold" rating in a research note on Thursday, February 27th.
Read Our Latest Stock Analysis on Safety Insurance Group
About Safety Insurance Group
(
Free Report)
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.
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