Jane Street Group LLC Grows Holdings in Safety Insurance Group, Inc. (NASDAQ:SAFT)

Jane Street Group LLC lifted its position in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT - Free Report) by 57.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 26,641 shares of the insurance provider's stock after buying an additional 9,713 shares during the quarter. Jane Street Group LLC owned approximately 0.18% of Safety Insurance Group worth $2,179,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in SAFT. Louisiana State Employees Retirement System lifted its stake in Safety Insurance Group by 2.7% in the 2nd quarter. Louisiana State Employees Retirement System now owns 7,500 shares of the insurance provider's stock valued at $563,000 after buying an additional 200 shares in the last quarter. Anchor Capital Advisors LLC lifted its position in shares of Safety Insurance Group by 26.5% in the second quarter. Anchor Capital Advisors LLC now owns 16,765 shares of the insurance provider's stock valued at $1,258,000 after acquiring an additional 3,513 shares in the last quarter. WINTON GROUP Ltd boosted its stake in shares of Safety Insurance Group by 4.8% during the second quarter. WINTON GROUP Ltd now owns 11,771 shares of the insurance provider's stock valued at $883,000 after acquiring an additional 537 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Safety Insurance Group by 1.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 756,633 shares of the insurance provider's stock worth $56,770,000 after purchasing an additional 11,146 shares in the last quarter. Finally, Inspire Investing LLC raised its stake in Safety Insurance Group by 7.4% in the 2nd quarter. Inspire Investing LLC now owns 4,658 shares of the insurance provider's stock valued at $349,000 after purchasing an additional 319 shares during the last quarter. 81.04% of the stock is currently owned by hedge funds and other institutional investors.

Safety Insurance Group Stock Performance

Shares of SAFT stock traded up $0.61 during trading hours on Tuesday, reaching $81.88. The company had a trading volume of 26,020 shares, compared to its average volume of 54,043. The company has a market capitalization of $1.21 billion, a P/E ratio of 16.21 and a beta of 0.19. Safety Insurance Group, Inc. has a twelve month low of $71.99 and a twelve month high of $90.00. The stock's fifty day simple moving average is $83.44 and its 200 day simple moving average is $81.81.

Safety Insurance Group (NASDAQ:SAFT - Get Free Report) last issued its quarterly earnings data on Tuesday, November 5th. The insurance provider reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.40 by ($0.30). Safety Insurance Group had a net margin of 6.86% and a return on equity of 6.35%. The firm had revenue of $295.28 million during the quarter.

Safety Insurance Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, December 2nd were paid a dividend of $0.90 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $3.60 annualized dividend and a dividend yield of 4.40%. Safety Insurance Group's dividend payout ratio is presently 71.29%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Safety Insurance Group from a "hold" rating to a "buy" rating in a research note on Thursday, November 14th.

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.