3,400 Shares in Safety Insurance Group, Inc. (NASDAQ:SAFT) Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS bought a new stake in Safety Insurance Group, Inc. (NASDAQ:SAFT - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,400 shares of the insurance provider's stock, valued at approximately $280,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Signaturefd LLC increased its position in 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 buying an additional 150 shares in the last quarter. Naples Global Advisors LLC grew its stake in shares of Safety Insurance Group by 1.3% during the 4th quarter. Naples Global Advisors LLC now owns 17,373 shares of the insurance provider's stock valued at $1,432,000 after acquiring an additional 225 shares during the period. Anchor Capital Advisors LLC increased 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 worth $1,392,000 after acquiring an additional 268 shares in the last quarter. KBC Group NV raised its stake in Safety Insurance Group by 52.2% during the 4th quarter. KBC Group NV now owns 1,000 shares of the insurance provider's stock worth $82,000 after acquiring an additional 343 shares during the period. Finally, American Century Companies Inc. raised its stake in Safety Insurance Group by 0.5% during the 4th quarter. American Century Companies Inc. now owns 67,475 shares of the insurance provider's stock worth $5,560,000 after acquiring an additional 344 shares during the period. 81.04% of the stock is owned by hedge funds and other institutional investors.

Safety Insurance Group Trading Down 0.9 %

Safety Insurance Group stock traded down $0.65 during mid-day trading on Friday, hitting $75.32. The stock had a trading volume of 58,244 shares, compared to its average volume of 54,013. Safety Insurance Group, Inc. has a one year low of $70.71 and a one year high of $90.00. The firm has a market capitalization of $1.12 billion, a P/E ratio of 14.91 and a beta of 0.19. The firm's 50 day moving average is $77.36 and its 200 day moving average is $80.35.

Safety Insurance Group (NASDAQ:SAFT - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The insurance provider reported $0.94 earnings per share for the quarter, missing analysts' consensus estimates of $1.17 by ($0.23). The business had revenue of $286.72 million during the quarter. Safety Insurance Group had a return on equity of 6.35% and a net margin of 6.86%.

Safety Insurance Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 4.78%. The ex-dividend date was Monday, March 3rd. Safety Insurance Group's payout ratio is currently 75.47%.

Analyst Upgrades and Downgrades

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.