Safety Insurance Group, Inc. (NASDAQ:SAFT) Shares Bought by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC grew its holdings in Safety Insurance Group, Inc. (NASDAQ:SAFT - Free Report) by 17.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 602,449 shares of the insurance provider's stock after purchasing an additional 89,561 shares during the quarter. TimesSquare Capital Management LLC owned approximately 4.06% of Safety Insurance Group worth $49,642,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of SAFT. KBC Group NV grew its position in shares of Safety Insurance Group by 52.2% in the fourth quarter. KBC Group NV now owns 1,000 shares of the insurance provider's stock valued at $82,000 after purchasing an additional 343 shares during the last quarter. Robeco Institutional Asset Management B.V. acquired a new stake in shares of Safety Insurance Group in the third quarter valued at approximately $202,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Safety Insurance Group in the third quarter valued at approximately $213,000. Everence Capital Management Inc. acquired a new stake in shares of Safety Insurance Group in the third quarter valued at approximately $267,000. Finally, XTX Topco Ltd acquired a new stake in shares of Safety Insurance Group in the third quarter valued at approximately $283,000. 81.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Safety Insurance Group from a "hold" rating to a "buy" rating in a research report on Thursday, November 14th.

Safety Insurance Group Stock Performance

NASDAQ SAFT traded up $0.14 during mid-day trading on Friday, reaching $77.75. 42,929 shares of the stock were exchanged, compared to its average volume of 41,092. Safety Insurance Group, Inc. has a 1-year low of $73.38 and a 1-year high of $90.00. The business's fifty day simple moving average is $79.89 and its 200 day simple moving average is $81.88. The stock has a market capitalization of $1.15 billion, a PE ratio of 15.40 and a beta of 0.20.

Safety Insurance Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be given 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 4.63%. Safety Insurance Group's dividend payout ratio (DPR) is currently 71.29%.

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.