Susquehanna Fundamental Investments LLC Makes New $546,000 Investment in Safety Insurance Group, Inc. (NASDAQ:SAFT)

Susquehanna Fundamental Investments LLC purchased a new stake in Safety Insurance Group, Inc. (NASDAQ:SAFT - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,626 shares of the insurance provider's stock, valued at approximately $546,000.

A number of other large investors have also made changes to their positions in SAFT. TimesSquare Capital Management LLC boosted its holdings in Safety Insurance Group by 17.5% in the fourth quarter. TimesSquare Capital Management LLC now owns 602,449 shares of the insurance provider's stock valued at $49,642,000 after acquiring an additional 89,561 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Safety Insurance Group by 46.4% during the fourth quarter. Bank of New York Mellon Corp now owns 219,960 shares of the insurance provider's stock worth $18,125,000 after acquiring an additional 69,750 shares during the last quarter. Norges Bank purchased a new stake in Safety Insurance Group during the 4th quarter worth approximately $4,023,000. JPMorgan Chase & Co. boosted its stake in Safety Insurance Group by 21.4% during the 4th quarter. JPMorgan Chase & Co. now owns 212,354 shares of the insurance provider's stock valued at $17,498,000 after acquiring an additional 37,495 shares during the last quarter. Finally, Barclays PLC grew its stake in Safety Insurance Group by 348.8% in the third quarter. Barclays PLC now owns 24,430 shares of the insurance provider's stock worth $1,997,000 after purchasing an additional 18,987 shares in the last quarter. Institutional investors and hedge funds own 81.04% of the company's stock.

Analysts Set New Price Targets

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 Trading Down 0.1 %

Shares of Safety Insurance Group stock traded down $0.10 on Friday, reaching $77.95. 6,315 shares of the company were exchanged, compared to its average volume of 54,454. Safety Insurance Group, Inc. has a fifty-two week low of $70.71 and a fifty-two week high of $90.00. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of 15.44 and a beta of 0.22. The stock has a fifty day moving average price of $77.09 and a 200-day moving average price of $79.77.

Safety Insurance Group (NASDAQ:SAFT - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The insurance provider reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.03. Safety Insurance Group had a net margin of 6.86% and a return on equity of 6.35%. The firm had revenue of $298.97 million for the quarter.

Safety Insurance Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Monday, June 2nd will be paid a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 4.62%. The ex-dividend date is Monday, June 2nd. Safety Insurance Group's payout ratio is currently 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.