Dean Investment Associates LLC Sells 8,153 Shares of Safety Insurance Group, Inc. (NASDAQ:SAFT)

Dean Investment Associates LLC lowered its position in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT - Free Report) by 41.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,330 shares of the insurance provider's stock after selling 8,153 shares during the period. Dean Investment Associates LLC owned 0.08% of Safety Insurance Group worth $934,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. State Street Corp boosted its stake in Safety Insurance Group by 0.5% in the third quarter. State Street Corp now owns 589,457 shares of the insurance provider's stock valued at $48,206,000 after buying an additional 2,682 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of Safety Insurance Group by 57.4% during the third quarter. Jane Street Group LLC now owns 26,641 shares of the insurance provider's stock worth $2,179,000 after purchasing an additional 9,713 shares during the period. Barclays PLC lifted its holdings in shares of Safety Insurance Group by 348.8% during 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 during the period. Geode Capital Management LLC grew its stake in shares of Safety Insurance Group by 0.7% in the third quarter. Geode Capital Management LLC now owns 355,390 shares of the insurance provider's stock worth $29,070,000 after purchasing an additional 2,435 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in 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 purchasing an additional 9,531 shares during the period. 81.04% of the stock is currently owned by institutional investors and hedge funds.

Safety Insurance Group Trading Down 1.0 %

NASDAQ:SAFT traded down $0.74 on Wednesday, reaching $76.34. 9,955 shares of the stock traded hands, compared to its average volume of 54,197. Safety Insurance Group, Inc. has a 1-year low of $70.71 and a 1-year high of $90.00. The company's 50 day moving average is $77.13 and its 200-day moving average is $80.12. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 15.12 and a beta of 0.19.

Safety Insurance Group (NASDAQ:SAFT - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The insurance provider reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.17 by ($0.23). The business had revenue of $286.72 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 declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.90 per share. The ex-dividend date was Monday, March 3rd. This represents a $3.60 dividend on an annualized basis and a yield of 4.72%. Safety Insurance Group's dividend payout ratio (DPR) is currently 75.47%.

Wall Street Analysts Forecast Growth

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

Safety Insurance Group 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.