EntryPoint Capital LLC Makes New $304,000 Investment in Safety Insurance Group, Inc. (NASDAQ:SAFT)

EntryPoint Capital LLC purchased a new stake in Safety Insurance Group, Inc. (NASDAQ:SAFT - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 3,687 shares of the insurance provider's stock, valued at approximately $304,000.

Several other hedge funds and other institutional investors also recently modified their holdings of SAFT. Signaturefd LLC increased its stake in Safety Insurance Group by 94.9% in the fourth quarter. Signaturefd LLC now owns 308 shares of the insurance provider's stock valued at $25,000 after acquiring an additional 150 shares during the last quarter. KBC Group NV boosted its holdings in shares of Safety Insurance Group by 52.2% in the 4th quarter. KBC Group NV now owns 1,000 shares of the insurance provider's stock worth $82,000 after purchasing an additional 343 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Safety Insurance Group during the 3rd quarter valued at about $213,000. Ieq Capital LLC purchased a new position in shares of Safety Insurance Group during the 4th quarter valued at about $279,000. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Safety Insurance Group during the 4th quarter valued at about $280,000. Hedge funds and other institutional investors own 81.04% of the company's stock.

Analyst Upgrades and Downgrades

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

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Safety Insurance Group Stock Performance

Shares of SAFT stock traded up $1.09 on Tuesday, hitting $79.97. 48,275 shares of the company's stock traded hands, compared to its average volume of 52,708. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of 15.84 and a beta of 0.13. The company's fifty day simple moving average is $77.80 and its 200 day simple moving average is $80.74. 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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.17 by ($0.23). The company had revenue of $286.72 million for the quarter. Safety Insurance Group had a net margin of 6.86% and a return on equity of 6.35%.

Safety Insurance Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were paid a $0.90 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $3.60 dividend on an annualized basis and a yield of 4.50%. Safety Insurance Group's dividend payout ratio (DPR) is currently 75.47%.

About Safety Insurance Group

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.