11,750 Shares in Safety Insurance Group, Inc. (NASDAQ:SAFT) Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. bought a new position in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) in the first quarter, Holdings Channel reports. The institutional investor bought 11,750 shares of the insurance provider’s stock, valued at approximately $927,000.

A number of other hedge funds have also made changes to their positions in the company. Signaturefd LLC increased its holdings in Safety Insurance Group by 94.9% during the 4th quarter. Signaturefd LLC now owns 308 shares of the insurance provider’s stock valued at $25,000 after purchasing an additional 150 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Safety Insurance Group during the 4th quarter valued at $34,000. Parallel Advisors LLC increased its holdings in Safety Insurance Group by 169.9% during the 1st quarter. Parallel Advisors LLC now owns 448 shares of the insurance provider’s stock valued at $35,000 after purchasing an additional 282 shares in the last quarter. Sterling Capital Management LLC increased its holdings in 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 in the last quarter. Finally, GAMMA Investing LLC increased its holdings in Safety Insurance Group by 67.9% during the 1st quarter. GAMMA Investing LLC now owns 811 shares of the insurance provider’s stock valued at $64,000 after purchasing an additional 328 shares in the last quarter. Institutional investors and hedge funds own 81.04% of the company’s stock.

Analysts Set New Price Targets

Separately, Wall Street Zen raised Safety Insurance Group from a “hold” rating to a “buy” rating in a report on Thursday, May 22nd.

Safety Insurance Group Stock Down 0.6%

NASDAQ SAFT opened at $77.88 on Thursday. The stock has a fifty day moving average of $79.21 and a 200-day moving average of $79.34. The stock has a market capitalization of $1.16 billion, a P/E ratio of 15.93 and a beta of 0.27. Safety Insurance Group, Inc. has a 52 week low of $70.71 and a 52 week high of $90.00. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.42 and a current ratio of 0.42.

Safety Insurance Group (NASDAQ:SAFT) last released its earnings results on Wednesday, May 7th. The insurance provider reported $1.28 EPS for the quarter, beating the consensus estimate of $1.25 by $0.03. The company had revenue of $298.97 million during the quarter. Safety Insurance Group had a return on equity of 7.99% and a net margin of 6.29%.

Safety Insurance Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, June 2nd were paid a $0.90 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $3.60 annualized dividend and a dividend yield of 4.62%. Safety Insurance Group’s dividend payout ratio (DPR) is currently 73.62%.

Safety Insurance Group Company 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.