Dean Capital Management Decreases Holdings in Safety Insurance Group, Inc. (NASDAQ:SAFT)

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

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Barclays PLC raised its holdings in shares of Safety Insurance Group by 5.8% in the fourth quarter. Barclays PLC now owns 25,851 shares of the insurance provider's stock valued at $2,129,000 after buying an additional 1,421 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Safety Insurance Group by 5.8% in the third quarter. JPMorgan Chase & Co. now owns 174,859 shares of the insurance provider's stock valued at $14,300,000 after buying an additional 9,531 shares during the last quarter. EntryPoint Capital LLC purchased a new stake in shares of Safety Insurance Group during the fourth quarter worth approximately $304,000. AlphaQuest LLC raised its stake in shares of Safety Insurance Group by 89.0% during the fourth quarter. AlphaQuest LLC now owns 8,751 shares of the insurance provider's stock worth $721,000 after purchasing an additional 4,122 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Safety Insurance Group by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 239,565 shares of the insurance provider's stock worth $19,740,000 after purchasing an additional 6,542 shares during the last quarter. 81.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Safety Insurance Group from a "hold" rating to a "buy" rating in a research note on Monday.

Safety Insurance Group Stock Down 0.5%

NASDAQ SAFT traded down $0.42 during trading hours on Tuesday, hitting $80.70. 16,033 shares of the stock were exchanged, compared to its average volume of 54,617. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 15.98 and a beta of 0.22. Safety Insurance Group, Inc. has a 12-month low of $70.71 and a 12-month high of $90.00. The stock has a 50-day moving average of $77.26 and a 200 day moving average 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 (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.03. Safety Insurance Group had a return on equity of 6.35% and a net margin of 6.86%. The firm had revenue of $298.97 million during the quarter.

Safety Insurance Group Announces Dividend

The company 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 $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 4.46%. The ex-dividend date is Monday, June 2nd. Safety Insurance Group's payout ratio is 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.