Trexquant Investment LP Purchases New Position in Safety Insurance Group, Inc. (NASDAQ:SAFT)

Trexquant Investment LP bought a new stake in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,102 shares of the insurance provider's stock, valued at approximately $338,000.

A number of other institutional investors have also recently made changes to their positions in SAFT. TimesSquare Capital Management LLC lifted its stake in shares of Safety Insurance Group by 17.5% in the 4th quarter. TimesSquare Capital Management LLC now owns 602,449 shares of the insurance provider's stock valued at $49,642,000 after purchasing an additional 89,561 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Safety Insurance Group by 46.4% during the 4th quarter. Bank of New York Mellon Corp now owns 219,960 shares of the insurance provider's stock valued at $18,125,000 after buying an additional 69,750 shares during the period. Norges Bank purchased a new stake in Safety Insurance Group during the 4th quarter valued at $4,023,000. JPMorgan Chase & Co. lifted its position in Safety Insurance Group by 21.4% in the fourth quarter. JPMorgan Chase & Co. now owns 212,354 shares of the insurance provider's stock worth $17,498,000 after buying an additional 37,495 shares during the last quarter. Finally, Barclays PLC boosted its stake in Safety Insurance Group by 348.8% during the third quarter. Barclays PLC now owns 24,430 shares of the insurance provider's stock worth $1,997,000 after buying an additional 18,987 shares during the period. Institutional investors own 81.04% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Safety Insurance Group from a "buy" rating to a "hold" rating in a report on Thursday, February 27th.

Safety Insurance Group Stock Performance

NASDAQ SAFT traded down $0.47 during trading on Friday, hitting $76.86. The stock had a trading volume of 47,069 shares, compared to its average volume of 54,332. Safety Insurance Group, Inc. has a one year low of $70.71 and a one year high of $90.00. The stock has a 50 day simple moving average of $77.21 and a 200 day simple moving average of $80.20. The stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of 15.22 and a beta of 0.19.

Safety Insurance Group (NASDAQ:SAFT - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The insurance provider reported $0.94 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.17 by ($0.23). The business 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 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.68%. The ex-dividend date was Monday, March 3rd. Safety Insurance Group's dividend payout ratio is currently 75.47%.

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.