Northstar Asset Management Inc. Has $419,000 Position in Safety Insurance Group, Inc. (NASDAQ:SAFT)

Northstar Asset Management Inc. lessened its holdings in Safety Insurance Group, Inc. (NASDAQ:SAFT - Free Report) by 92.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,084 shares of the insurance provider's stock after selling 62,548 shares during the quarter. Northstar Asset Management Inc.'s holdings in Safety Insurance Group were worth $419,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Creative Planning bought a new stake in shares of Safety Insurance Group in the third quarter valued at approximately $299,000. Everence Capital Management Inc. acquired a new position in Safety Insurance Group in the 3rd quarter valued at $267,000. International Assets Investment Management LLC lifted its position in shares of Safety Insurance Group by 8,078.0% during the 3rd quarter. International Assets Investment Management LLC now owns 16,356 shares of the insurance provider's stock valued at $1,338,000 after acquiring an additional 16,156 shares during the period. Robeco Institutional Asset Management B.V. acquired a new stake in shares of Safety Insurance Group during the 3rd quarter worth $202,000. Finally, TimesSquare Capital Management LLC grew its holdings in shares of Safety Insurance Group by 12.6% during the 3rd quarter. TimesSquare Capital Management LLC now owns 512,888 shares of the insurance provider's stock worth $41,944,000 after purchasing an additional 57,320 shares in the last quarter. Institutional investors own 81.04% of the company's stock.

Safety Insurance Group Stock Performance

Shares of Safety Insurance Group stock traded up $0.14 on Friday, reaching $77.75. 42,929 shares of the stock were exchanged, compared to its average volume of 41,092. The firm's 50 day moving average is $79.89 and its 200-day moving average is $81.88. The firm has a market cap of $1.15 billion, a PE ratio of 15.40 and a beta of 0.20. Safety Insurance Group, Inc. has a one year low of $73.38 and a one year high of $90.00.

Safety Insurance Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.63%. The ex-dividend date is Monday, March 3rd. Safety Insurance Group's dividend payout ratio is presently 71.29%.

Analysts Set New Price Targets

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

Safety Insurance Group 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.