JPMorgan Chase & Co. Raises Stock Holdings in Safety Insurance Group, Inc. (NASDAQ:SAFT)

JPMorgan Chase & Co. grew its holdings in Safety Insurance Group, Inc. (NASDAQ:SAFT - Free Report) by 21.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 212,354 shares of the insurance provider's stock after acquiring an additional 37,495 shares during the period. JPMorgan Chase & Co. owned 1.43% of Safety Insurance Group worth $17,498,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Signaturefd LLC boosted its position in shares of Safety Insurance Group by 94.9% in the fourth quarter. Signaturefd LLC now owns 308 shares of the insurance provider's stock worth $25,000 after purchasing an additional 150 shares during the period. KBC Group NV lifted its position in Safety Insurance Group by 52.2% during the fourth quarter. KBC Group NV now owns 1,000 shares of the insurance provider's stock valued at $82,000 after purchasing an additional 343 shares during the last quarter. Ieq Capital LLC purchased a new position in Safety Insurance Group in the fourth quarter worth about $279,000. KLP Kapitalforvaltning AS purchased a new stake in Safety Insurance Group during the 4th quarter valued at $280,000. Finally, XTX Topco Ltd bought a new stake in shares of Safety Insurance Group in the 3rd quarter worth about $283,000. 81.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Safety Insurance Group Stock Down 1.2 %

Shares of SAFT stock traded down $0.95 on Thursday, hitting $76.39. The stock had a trading volume of 7,720 shares, compared to its average volume of 54,099. Safety Insurance Group, Inc. has a one year low of $70.71 and a one year high of $90.00. The business has a 50 day moving average price of $77.26 and a 200 day moving average price of $80.26. The company has a market cap of $1.14 billion, a PE ratio of 15.13 and a beta of 0.19.

Safety Insurance Group (NASDAQ:SAFT - Get Free Report) last announced its quarterly earnings results 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). 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were paid a dividend of $0.90 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $3.60 annualized dividend and a yield of 4.71%. Safety Insurance Group's dividend payout ratio (DPR) is 75.47%.

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.