Safety Insurance Group, Inc. (NASDAQ:SAFT) Shares Acquired by Amundi

Amundi increased its position in Safety Insurance Group, Inc. (NASDAQ:SAFT) by 189.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 7,170 shares of the insurance provider’s stock after purchasing an additional 4,693 shares during the period. Amundi’s holdings in Safety Insurance Group were worth $576,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Quest Partners LLC purchased a new stake in Safety Insurance Group during the 3rd quarter valued at approximately $379,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Safety Insurance Group by 1.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 233,023 shares of the insurance provider’s stock worth $19,057,000 after acquiring an additional 4,263 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Safety Insurance Group in the 3rd quarter worth approximately $213,000. Martingale Asset Management L P grew its holdings in Safety Insurance Group by 9.3% during the 3rd quarter. Martingale Asset Management L P now owns 17,692 shares of the insurance provider’s stock valued at $1,447,000 after buying an additional 1,512 shares during the last quarter. Finally, State Street Corp grew its holdings in Safety Insurance Group by 0.5% during the 3rd quarter. State Street Corp now owns 589,457 shares of the insurance provider’s stock valued at $48,206,000 after buying an additional 2,682 shares during the last quarter. 81.04% of the stock is owned by hedge funds and other institutional investors.

Safety Insurance Group Price Performance

NASDAQ:SAFT opened at $77.13 on Friday. The business’s 50-day moving average is $77.87 and its two-hundred day moving average is $81.07. Safety Insurance Group, Inc. has a 12 month low of $73.38 and a 12 month high of $90.00. The firm has a market capitalization of $1.14 billion, a PE ratio of 15.27 and a beta of 0.13.

Safety Insurance Group (NASDAQ:SAFT) last released its quarterly earnings data on Tuesday, February 25th. The insurance provider reported $0.94 EPS for the quarter, missing the consensus estimate of $1.17 by ($0.23). The company had revenue of $286.72 million during the quarter. Safety Insurance Group had a net margin of 6.86% and a return on equity of 6.35%.

Safety Insurance Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were paid a $0.90 dividend. The ex-dividend date was Monday, March 3rd. This represents a $3.60 dividend on an annualized basis and a yield of 4.67%. Safety Insurance Group’s dividend payout ratio (DPR) is 75.47%.

Analyst Ratings Changes

Separately, StockNews.com cut Safety Insurance Group from a “buy” rating to a “hold” rating in a report on Thursday, February 27th.

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.