Vanguard Group Inc. Reduces Position in Safety Insurance Group, Inc. (NASDAQ:SAFT)

Vanguard Group Inc. lowered its holdings in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT - Free Report) by 0.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,677,881 shares of the insurance provider's stock after selling 13,514 shares during the period. Vanguard Group Inc. owned about 11.31% of Safety Insurance Group worth $138,257,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Signaturefd LLC grew its stake in shares of Safety Insurance Group by 94.9% during the fourth quarter. Signaturefd LLC now owns 308 shares of the insurance provider's stock valued at $25,000 after buying an additional 150 shares during the last quarter. KBC Group NV boosted its holdings 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 valued at $82,000 after acquiring an additional 343 shares during the period. Ieq Capital LLC bought a new position in Safety Insurance Group during the 4th quarter worth approximately $279,000. KLP Kapitalforvaltning AS purchased a new position in Safety Insurance Group in the 4th quarter worth approximately $280,000. Finally, XTX Topco Ltd bought a new stake in Safety Insurance Group in the third quarter valued at approximately $283,000. Hedge funds and other institutional investors own 81.04% of the company's stock.

Safety Insurance Group Stock Down 0.9 %

Shares of NASDAQ:SAFT traded down $0.65 during midday trading on Friday, hitting $75.32. 58,244 shares of the stock traded hands, compared to its average volume of 54,013. The business's 50 day moving average is $77.36 and its two-hundred day moving average is $80.35. The stock has a market capitalization of $1.12 billion, a PE ratio of 14.91 and a beta of 0.19. Safety Insurance Group, Inc. has a one year low of $70.71 and a one year high of $90.00.

Safety Insurance Group (NASDAQ:SAFT - Get Free Report) last announced 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 business had revenue of $286.72 million for the quarter.

Safety Insurance Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were issued a $0.90 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $3.60 annualized dividend and a yield of 4.78%. Safety Insurance Group's dividend payout ratio (DPR) is presently 75.47%.

Wall Street Analyst Weigh In

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

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.