Ieq Capital LLC Makes New Investment in Safety Insurance Group, Inc. (NASDAQ:SAFT)

Ieq Capital LLC purchased a new stake in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 3,390 shares of the insurance provider’s stock, valued at approximately $279,000.

Other institutional investors also recently modified their holdings of the company. KBC Group NV lifted its position in Safety Insurance Group by 52.2% during 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 period. Robeco Institutional Asset Management B.V. bought a new position in shares of Safety Insurance Group during the 3rd quarter valued at $202,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Safety Insurance Group in the 3rd quarter worth $213,000. XTX Topco Ltd bought a new stake in shares of Safety Insurance Group in the third quarter worth $283,000. Finally, Creative Planning purchased a new stake in Safety Insurance Group during the third quarter valued at $299,000. 81.04% of the stock is owned by hedge funds and other institutional investors.

Safety Insurance Group Trading Up 0.1 %

NASDAQ SAFT opened at $76.14 on Friday. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 15.08 and a beta of 0.20. Safety Insurance Group, Inc. has a 12 month low of $73.38 and a 12 month high of $90.00. The company’s 50 day moving average is $79.22 and its two-hundred day moving average is $81.78.

Safety Insurance Group (NASDAQ:SAFT) last issued its 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 net margin of 6.86% and a return on equity of 6.35%. The business had revenue of $286.72 million for the quarter.

Safety Insurance Group Announces Dividend

The business 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 of this dividend is Monday, March 3rd. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.73%. Safety Insurance Group’s dividend payout ratio is 75.47%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Safety Insurance Group from a “buy” rating to a “hold” rating in a research note on Thursday.

About Safety Insurance Group

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.