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

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

Other hedge funds have also recently bought and sold shares of the company. Signaturefd LLC boosted its stake in Safety Insurance Group by 94.9% in the 4th quarter. Signaturefd LLC now owns 308 shares of the insurance provider’s stock worth $25,000 after buying an additional 150 shares during the last quarter. KBC Group NV grew its stake in shares of Safety Insurance Group by 52.2% in the fourth quarter. KBC Group NV now owns 1,000 shares of the insurance provider’s stock valued at $82,000 after buying an additional 343 shares in the last quarter. Ieq Capital LLC purchased a new stake in shares of Safety Insurance Group during the fourth quarter valued at approximately $279,000. KLP Kapitalforvaltning AS acquired a new position in shares of Safety Insurance Group during the fourth quarter worth $280,000. Finally, XTX Topco Ltd acquired a new stake in Safety Insurance Group during the 3rd quarter valued at $283,000. Institutional investors and hedge funds own 81.04% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Safety Insurance Group Stock Down 0.9 %

Shares of SAFT opened at $75.32 on Monday. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 14.91 and a beta of 0.19. The business’s 50 day moving average is $77.36 and its two-hundred day moving average is $80.34. Safety Insurance Group, Inc. has a 52-week low of $70.71 and a 52-week high of $90.00.

Safety Insurance Group (NASDAQ:SAFT) last posted its quarterly 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). 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were given a dividend of $0.90 per share. The ex-dividend date was Monday, March 3rd. This represents a $3.60 annualized dividend and a dividend yield of 4.78%. Safety Insurance Group’s payout ratio is 75.47%.

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.