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

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

A number of other large investors have also recently made changes to their positions in the stock. TimesSquare Capital Management LLC lifted its stake in shares of Safety Insurance Group by 17.5% in the 4th quarter. TimesSquare Capital Management LLC now owns 602,449 shares of the insurance provider's stock worth $49,642,000 after purchasing an additional 89,561 shares during the period. Bank of New York Mellon Corp grew 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 purchasing an additional 69,750 shares in the last quarter. Norges Bank bought a new stake in shares of Safety Insurance Group during the fourth quarter valued at approximately $4,023,000. JPMorgan Chase & Co. lifted its stake in Safety Insurance Group by 21.4% in the 4th quarter. JPMorgan Chase & Co. now owns 212,354 shares of the insurance provider's stock worth $17,498,000 after purchasing an additional 37,495 shares in the last quarter. Finally, Barclays PLC boosted its stake in Safety Insurance Group by 348.8% during the third quarter. Barclays PLC now owns 24,430 shares of the insurance provider's stock valued at $1,997,000 after buying an additional 18,987 shares during the last quarter. 81.04% of the stock is currently owned by institutional investors.

Safety Insurance Group Price Performance

Shares of Safety Insurance Group stock traded down $0.53 during trading hours on Wednesday, reaching $76.97. The company's stock had a trading volume of 42,238 shares, compared to its average volume of 54,564. Safety Insurance Group, Inc. has a one year low of $70.71 and a one year high of $90.00. The firm has a 50 day moving average price of $77.04 and a 200-day moving average price of $79.82. The stock has a market cap of $1.15 billion, a P/E ratio of 15.24 and a beta of 0.22.

Safety Insurance Group (NASDAQ:SAFT - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The insurance provider reported $1.28 earnings per share (EPS) for the quarter. Safety Insurance Group had a return on equity of 6.35% and a net margin of 6.86%.

Safety Insurance Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, June 2nd will be paid a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 4.68%. Safety Insurance Group's dividend payout ratio is currently 75.47%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Safety Insurance Group from a "buy" rating to a "hold" rating in a research report on Thursday, February 27th.

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.