Y Intercept Hong Kong Ltd Acquires New Shares in Safety Insurance Group, Inc. (NASDAQ:SAFT)

Y Intercept Hong Kong Ltd bought a new position in Safety Insurance Group, Inc. (NASDAQ:SAFT - Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 8,846 shares of the insurance provider's stock, valued at approximately $723,000. Y Intercept Hong Kong Ltd owned 0.06% of Safety Insurance Group as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of SAFT. Louisiana State Employees Retirement System boosted its stake in Safety Insurance Group by 2.7% during the second quarter. Louisiana State Employees Retirement System now owns 7,500 shares of the insurance provider's stock worth $563,000 after buying an additional 200 shares during the period. Mitsubishi UFJ Asset Management UK Ltd. lifted its holdings in shares of Safety Insurance Group by 15.0% in the 2nd quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 11,500 shares of the insurance provider's stock worth $863,000 after acquiring an additional 1,500 shares during the last quarter. Anchor Capital Advisors LLC boosted its stake in shares of Safety Insurance Group by 26.5% during the 2nd quarter. Anchor Capital Advisors LLC now owns 16,765 shares of the insurance provider's stock worth $1,258,000 after purchasing an additional 3,513 shares during the period. WINTON GROUP Ltd boosted its stake in shares of Safety Insurance Group by 4.8% during the 2nd quarter. WINTON GROUP Ltd now owns 11,771 shares of the insurance provider's stock worth $883,000 after purchasing an additional 537 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Safety Insurance Group by 1.5% during the 2nd 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 last quarter. Institutional investors own 81.04% of the company's stock.

Safety Insurance Group Stock Performance

Safety Insurance Group stock traded up $0.19 during mid-day trading on Friday, hitting $83.71. The company's stock had a trading volume of 27,364 shares, compared to its average volume of 53,350. The company has a 50 day moving average of $83.18 and a 200-day moving average of $81.53. Safety Insurance Group, Inc. has a one year low of $71.99 and a one year high of $90.00. The stock has a market cap of $1.24 billion, a PE ratio of 16.58 and a beta of 0.19.

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

Safety Insurance Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, December 2nd were given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date of this dividend was Monday, December 2nd. Safety Insurance Group's dividend payout ratio (DPR) is presently 71.29%.

Analyst Upgrades and Downgrades

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

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.