Dean Capital Management Has $629,000 Stock Position in Safety Insurance Group, Inc. (NASDAQ:SAFT)

Dean Capital Management reduced its holdings in Safety Insurance Group, Inc. (NASDAQ:SAFT - Free Report) by 46.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 7,637 shares of the insurance provider's stock after selling 6,589 shares during the quarter. Dean Capital Management owned approximately 0.05% of Safety Insurance Group worth $629,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. TimesSquare Capital Management LLC increased its position 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 worth $49,642,000 after buying an additional 89,561 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Safety Insurance Group by 2.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 239,565 shares of the insurance provider's stock worth $19,740,000 after acquiring an additional 6,542 shares during the period. Bank of New York Mellon Corp lifted its position in Safety Insurance Group by 46.4% in the 4th quarter. Bank of New York Mellon Corp now owns 219,960 shares of the insurance provider's stock valued at $18,125,000 after purchasing an additional 69,750 shares during the last quarter. 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 purchasing an additional 37,495 shares during the period. Finally, Northern Trust Corp grew its position in Safety Insurance Group by 6.9% in the 4th quarter. Northern Trust Corp now owns 166,223 shares of the insurance provider's stock worth $13,697,000 after purchasing an additional 10,768 shares during the last quarter. 81.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Safety Insurance Group Stock Up 0.5 %

Safety Insurance Group stock traded up $0.38 during mid-day trading on Friday, hitting $78.43. 37,094 shares of the company's stock traded hands, compared to its average volume of 54,670. 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 $77.15 and a 200 day moving average price of $79.76. The company has a market cap of $1.17 billion, a PE ratio of 15.53 and a beta of 0.22.

Safety Insurance Group (NASDAQ:SAFT - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The insurance provider reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.03. The business 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, June 2nd will be issued a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 4.59%. The ex-dividend date of this dividend is Monday, June 2nd. Safety Insurance Group's dividend payout ratio (DPR) is presently 73.62%.

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.