Safety Insurance Group, Inc. (NASDAQ:SAFT) Stock Position Lowered by Victory Capital Management Inc.

Victory Capital Management Inc. reduced its stake in Safety Insurance Group, Inc. (NASDAQ:SAFT - Free Report) by 20.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 911,133 shares of the insurance provider's stock after selling 228,366 shares during the period. Victory Capital Management Inc. owned 6.14% of Safety Insurance Group worth $75,077,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in SAFT. KBC Group NV lifted its position in Safety Insurance Group by 52.2% in the fourth quarter. KBC Group NV now owns 1,000 shares of the insurance provider's stock worth $82,000 after purchasing an additional 343 shares during the period. Robeco Institutional Asset Management B.V. bought a new stake in shares of Safety Insurance Group in the 3rd quarter worth $202,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Safety Insurance Group in the third quarter valued at $213,000. Ieq Capital LLC bought a new position in Safety Insurance Group during the fourth quarter valued at about $279,000. Finally, XTX Topco Ltd acquired a new position in Safety Insurance Group during the third quarter worth about $283,000. 81.04% of the stock is currently owned by institutional investors.

Safety Insurance Group Trading Down 0.4 %

SAFT stock traded down $0.29 on Monday, hitting $76.05. 63,885 shares of the company's stock traded hands, compared to its average volume of 49,115. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 15.06 and a beta of 0.13. Safety Insurance Group, Inc. has a 1-year low of $73.38 and a 1-year high of $90.00. The stock has a fifty day moving average of $78.62 and a 200-day moving average of $81.59.

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

Safety Insurance Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be given a $0.90 dividend. The ex-dividend date is Monday, March 3rd. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.73%. Safety Insurance Group's dividend payout ratio (DPR) is 75.47%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Safety Insurance Group from a "buy" rating to a "hold" rating in a report 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.