TimesSquare Capital Management LLC Boosts Holdings in Safety Insurance Group, Inc. (NASDAQ:SAFT)

TimesSquare Capital Management LLC boosted its position in Safety Insurance Group, Inc. (NASDAQ:SAFT - Free Report) by 12.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 512,888 shares of the insurance provider's stock after purchasing an additional 57,320 shares during the period. TimesSquare Capital Management LLC owned about 3.46% of Safety Insurance Group worth $41,944,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Safety Insurance Group by 3.3% during the 1st quarter. Vanguard Group Inc. now owns 1,695,813 shares of the insurance provider's stock worth $139,379,000 after acquiring an additional 54,441 shares during the period. Jacobs Levy Equity Management Inc. boosted its position in Safety Insurance Group by 113.2% during the first quarter. Jacobs Levy Equity Management Inc. now owns 54,929 shares of the insurance provider's stock worth $4,515,000 after purchasing an additional 29,167 shares during the period. International Assets Investment Management LLC increased its stake 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 worth $1,338,000 after purchasing an additional 16,156 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of Safety Insurance Group in the second quarter worth about $980,000. Finally, Dimensional Fund Advisors LP raised its position in shares of Safety Insurance Group by 1.5% in the second quarter. Dimensional Fund Advisors LP now owns 756,633 shares of the insurance provider's stock valued at $56,770,000 after purchasing an additional 11,146 shares during the period. 81.04% of the stock is owned by institutional investors.

Safety Insurance Group Trading Up 1.1 %

Shares of SAFT traded up $0.95 during mid-day trading on Friday, reaching $86.36. 68,822 shares of the stock traded hands, compared to its average volume of 43,431. The company has a market cap of $1.28 billion, a price-to-earnings ratio of 17.10 and a beta of 0.17. Safety Insurance Group, Inc. has a 1 year low of $71.99 and a 1 year high of $90.00. The firm has a fifty day moving average price of $81.88 and a 200 day moving average price of $80.59.

Safety Insurance Group (NASDAQ:SAFT - Get Free Report) last posted its quarterly earnings data on Tuesday, November 5th. The insurance provider reported $1.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.40 by ($0.30). The firm had revenue of $295.28 million during the quarter. Safety Insurance Group had a return on equity of 6.35% and a net margin of 6.86%.

Safety Insurance Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, December 2nd will be given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date of this dividend is Monday, December 2nd. Safety Insurance Group's payout ratio is currently 71.29%.

Insiders Place Their Bets

In other Safety Insurance Group news, VP Glenn Hiltpold sold 389 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $84.41, for a total value of $32,835.49. Following the completion of the transaction, the vice president now owns 11,204 shares in the company, valued at approximately $945,729.64. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last ninety days, insiders sold 915 shares of company stock worth $75,125. 2.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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

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.