Rhumbline Advisers Grows Stake in Safety Insurance Group, Inc. (NASDAQ:SAFT)

Rhumbline Advisers increased its stake in Safety Insurance Group, Inc. (NASDAQ:SAFT) by 0.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 46,207 shares of the insurance provider’s stock after buying an additional 413 shares during the quarter. Rhumbline Advisers’ holdings in Safety Insurance Group were worth $3,807,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of SAFT. TimesSquare Capital Management LLC boosted its holdings in Safety Insurance Group by 12.6% in the 3rd quarter. TimesSquare Capital Management LLC now owns 512,888 shares of the insurance provider’s stock worth $41,944,000 after acquiring an additional 57,320 shares during the period. Barclays PLC boosted its stake in shares of Safety Insurance Group by 348.8% in the third quarter. Barclays PLC now owns 24,430 shares of the insurance provider’s stock valued at $1,997,000 after purchasing an additional 18,987 shares during the period. International Assets Investment Management LLC grew its holdings in Safety Insurance Group by 8,078.0% during the 3rd quarter. International Assets Investment Management LLC now owns 16,356 shares of the insurance provider’s stock valued at $1,338,000 after purchasing an additional 16,156 shares in the last quarter. Jane Street Group LLC increased its stake in Safety Insurance Group by 57.4% during the 3rd quarter. Jane Street Group LLC now owns 26,641 shares of the insurance provider’s stock worth $2,179,000 after buying an additional 9,713 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in Safety Insurance Group by 5.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 174,859 shares of the insurance provider’s stock worth $14,300,000 after buying an additional 9,531 shares during the period. 81.04% of the stock is currently owned by hedge funds and other institutional investors.

Safety Insurance Group Stock Up 0.1 %

Shares of NASDAQ SAFT opened at $76.14 on Friday. Safety Insurance Group, Inc. has a fifty-two week low of $73.38 and a fifty-two week high of $90.00. The business has a 50 day moving average price of $79.22 and a two-hundred day moving average price of $81.78. The firm has a market cap of $1.13 billion, a PE ratio of 15.08 and a beta of 0.20.

Safety Insurance Group (NASDAQ:SAFT) last released its quarterly earnings results on Tuesday, February 25th. The insurance provider reported $0.94 earnings per share for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.23). The company 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 Dividend Announcement

The firm also recently disclosed 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. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.73%. The ex-dividend date is Monday, March 3rd. Safety Insurance Group’s dividend payout ratio is presently 75.47%.

Analyst Ratings Changes

Separately, StockNews.com downgraded 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.