Price T Rowe Associates Inc. MD Has $1.29 Million Stock Position in Safety Insurance Group, Inc. (NASDAQ:SAFT)

Price T Rowe Associates Inc. MD raised its holdings in Safety Insurance Group, Inc. (NASDAQ:SAFT) by 18.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,585 shares of the insurance provider’s stock after purchasing an additional 2,425 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in Safety Insurance Group were worth $1,285,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Signaturefd LLC grew its position in Safety Insurance Group by 94.9% in the fourth quarter. Signaturefd LLC now owns 308 shares of the insurance provider’s stock valued at $25,000 after acquiring an additional 150 shares during the last quarter. Sterling Capital Management LLC grew its holdings in shares of Safety Insurance Group by 823.5% during the 4th quarter. Sterling Capital Management LLC now owns 471 shares of the insurance provider’s stock valued at $39,000 after purchasing an additional 420 shares during the last quarter. KBC Group NV increased its position in Safety Insurance Group by 52.2% during the 4th quarter. KBC Group NV now owns 1,000 shares of the insurance provider’s stock worth $82,000 after purchasing an additional 343 shares in the last quarter. Ieq Capital LLC bought a new position in Safety Insurance Group in the 4th quarter valued at approximately $279,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in Safety Insurance Group in the fourth quarter valued at approximately $280,000. Institutional investors own 81.04% of the company’s stock.

Safety Insurance Group Trading Up 0.5 %

NASDAQ:SAFT opened at $78.43 on Friday. The stock’s 50-day moving average is $77.15 and its 200-day moving average is $79.76. The stock has a market cap of $1.17 billion, a P/E ratio of 15.53 and a beta of 0.22. Safety Insurance Group, Inc. has a 1-year low of $70.71 and a 1-year high of $90.00.

Safety Insurance Group (NASDAQ:SAFT) last released its quarterly earnings results on Wednesday, May 7th. The insurance provider reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.03. The firm had revenue of $298.97 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 announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, June 2nd will be issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 4.59%. The ex-dividend date of this dividend is Monday, June 2nd. Safety Insurance Group’s payout ratio is presently 75.47%.

Analyst Upgrades and Downgrades

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