Safety Insurance Group (NASDAQ:SAFT) Reaches New 12-Month Low - Should You Sell?

Safety Insurance Group, Inc. (NASDAQ:SAFT - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $70.71 and last traded at $72.20, with a volume of 9436 shares trading hands. The stock had previously closed at $76.24.

Analysts Set New Price Targets

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

Safety Insurance Group Trading Down 0.9 %

The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 14.91 and a beta of 0.19. The stock'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 announced its quarterly earnings results on Tuesday, February 25th. The insurance provider reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.17 by ($0.23). Safety Insurance Group had a return on equity of 6.35% and a net margin of 6.86%. The company had revenue of $286.72 million for the quarter.

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Safety Insurance Group Dividend Announcement

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

Institutional Trading of Safety Insurance Group

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Signaturefd LLC raised 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 acquiring an additional 150 shares during the last quarter. Naples Global Advisors LLC boosted its position 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 worth $1,432,000 after purchasing an additional 225 shares in the last quarter. Anchor Capital Advisors LLC grew its stake in shares of 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 valued at $1,392,000 after buying an additional 268 shares during the period. Parallel Advisors LLC increased its position in Safety Insurance Group by 169.9% in the 1st quarter. Parallel Advisors LLC now owns 448 shares of the insurance provider's stock valued at $35,000 after buying an additional 282 shares in the last quarter. Finally, WINTON GROUP Ltd raised its stake in Safety Insurance Group by 2.3% during the 4th quarter. WINTON GROUP Ltd now owns 13,224 shares of the insurance provider's stock worth $1,090,000 after buying an additional 293 shares during the period. 81.04% of the stock is currently owned by institutional investors.

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.