ExodusPoint Capital Management LP Increases Stock Holdings in Safety Insurance Group, Inc. (NASDAQ:SAFT)

ExodusPoint Capital Management LP increased its stake in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT - Free Report) by 101.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,793 shares of the insurance provider's stock after buying an additional 3,916 shares during the quarter. ExodusPoint Capital Management LP owned about 0.05% of Safety Insurance Group worth $642,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Signaturefd LLC raised its holdings in shares of Safety Insurance Group by 94.9% during the 4th quarter. Signaturefd LLC now owns 308 shares of the insurance provider's stock worth $25,000 after acquiring an additional 150 shares during the period. Naples Global Advisors LLC raised its stake in Safety Insurance Group by 1.3% during the fourth quarter. Naples Global Advisors LLC now owns 17,373 shares of the insurance provider's stock worth $1,432,000 after purchasing an additional 225 shares during the period. Anchor Capital Advisors LLC boosted its holdings in Safety Insurance Group by 1.6% in the 4th quarter. Anchor Capital Advisors LLC now owns 16,890 shares of the insurance provider's stock valued at $1,392,000 after purchasing an additional 268 shares during the last quarter. WINTON GROUP Ltd boosted its holdings in Safety Insurance Group by 2.3% in the 4th quarter. WINTON GROUP Ltd now owns 13,224 shares of the insurance provider's stock valued at $1,090,000 after purchasing an additional 293 shares during the last quarter. Finally, KBC Group NV grew its stake 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 valued at $82,000 after buying an additional 343 shares during the period. Institutional investors and hedge funds own 81.04% of the company's stock.

Safety Insurance Group Stock Performance

Shares of Safety Insurance Group stock traded down $1.12 during trading hours on Thursday, hitting $76.21. The company's stock had a trading volume of 8,570 shares, compared to its average volume of 54,105. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of 15.07 and a beta of 0.19. Safety Insurance Group, Inc. has a twelve month low of $70.71 and a twelve month high of $90.00. The firm has a fifty day moving average of $77.26 and a 200-day moving average of $80.26.

Safety Insurance Group (NASDAQ:SAFT - Get Free Report) last posted its 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 net margin of 6.86% and a return on equity of 6.35%. The company had revenue of $286.72 million during the quarter.

Safety Insurance Group Announces Dividend

The business 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 4.72%. Safety Insurance Group's dividend payout ratio (DPR) is presently 75.47%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Safety Insurance Group from a "buy" rating to a "hold" rating in a research 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.