Short Interest in Safety Insurance Group, Inc. (NASDAQ:SAFT) Declines By 39.5%

Safety Insurance Group, Inc. (NASDAQ:SAFT - Get Free Report) saw a large decline in short interest in the month of February. As of February 15th, there was short interest totalling 79,900 shares, a decline of 39.5% from the January 31st total of 132,000 shares. Currently, 0.6% of the company's shares are sold short. Based on an average daily trading volume, of 55,800 shares, the short-interest ratio is currently 1.4 days.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Creative Planning purchased a new stake in shares of Safety Insurance Group in the 3rd quarter valued at $299,000. International Assets Investment Management LLC raised its position in shares of Safety Insurance Group by 8,078.0% in the third quarter. International Assets Investment Management LLC now owns 16,356 shares of the insurance provider's stock valued at $1,338,000 after buying an additional 16,156 shares during the last quarter. Robeco Institutional Asset Management B.V. purchased a new stake in shares of Safety Insurance Group during the 3rd quarter valued at approximately $202,000. TimesSquare Capital Management LLC raised its position 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 valued at $41,944,000 after buying an additional 57,320 shares during the period. Finally, Quest Partners LLC purchased a new stake in shares of Safety Insurance Group during the 3rd quarter valued at approximately $379,000. Institutional investors and hedge funds own 81.04% of the company's stock.

Safety Insurance Group Price Performance

Shares of NASDAQ:SAFT traded up $0.12 during trading hours on Wednesday, hitting $75.55. The company's stock had a trading volume of 54,352 shares, compared to its average volume of 48,844. Safety Insurance Group has a 52 week low of $73.38 and a 52 week high of $90.00. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of 14.96 and a beta of 0.20. The firm's fifty day moving average price is $78.87 and its 200 day moving average price is $81.69.

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Safety Insurance Group (NASDAQ:SAFT - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The insurance provider reported $0.94 EPS for the quarter, missing the consensus estimate of $1.17 by ($0.23). The firm had revenue of $286.72 million for 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 declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.90 per share. The ex-dividend date is Monday, March 3rd. This represents a $3.60 dividend on an annualized basis and a yield of 4.77%. Safety Insurance Group's payout ratio is 75.47%.

Analyst Ratings Changes

Separately, StockNews.com cut 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.