Dimensional Fund Advisors LP Lowers Stock Position in Safety Insurance Group, Inc. (NASDAQ:SAFT)

Dimensional Fund Advisors LP reduced its position in Safety Insurance Group, Inc. (NASDAQ:SAFT - Free Report) by 0.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 749,218 shares of the insurance provider's stock after selling 6,124 shares during the quarter. Dimensional Fund Advisors LP owned about 5.05% of Safety Insurance Group worth $61,735,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Marshall Wace LLP purchased a new position in shares of Safety Insurance Group during the fourth quarter worth about $831,000. XTX Topco Ltd grew its stake in Safety Insurance Group by 33.7% in the 4th quarter. XTX Topco Ltd now owns 4,623 shares of the insurance provider's stock worth $381,000 after buying an additional 1,164 shares in the last quarter. Mariner LLC increased its holdings in shares of Safety Insurance Group by 6.3% in the 4th quarter. Mariner LLC now owns 7,360 shares of the insurance provider's stock worth $606,000 after buying an additional 439 shares during the last quarter. Barclays PLC raised its position in shares of Safety Insurance Group by 5.8% during the 4th 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 in the last quarter. Finally, Sterling Capital Management LLC lifted its holdings in shares of Safety Insurance Group by 823.5% during the 4th quarter. Sterling Capital Management LLC now owns 471 shares of the insurance provider's stock worth $39,000 after acquiring an additional 420 shares during the last quarter. Hedge funds and other institutional investors own 81.04% of the company's stock.

Analysts Set New Price Targets

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

Safety Insurance Group Price Performance

SAFT traded up $0.36 during trading on Monday, hitting $77.94. 44,017 shares of the stock traded hands, compared to its average volume of 54,670. The firm has a market capitalization of $1.16 billion, a P/E ratio of 15.43 and a beta of 0.19. Safety Insurance Group, Inc. has a 12-month low of $70.71 and a 12-month high of $90.00. The firm has a 50-day moving average of $76.96 and a 200 day moving average of $79.88.

Safety Insurance Group (NASDAQ:SAFT - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The insurance provider reported $0.94 earnings per share for the quarter, missing the consensus estimate of $1.17 by ($0.23). Safety Insurance Group had a return on equity of 6.35% and a net margin of 6.86%. The business had revenue of $286.72 million during the quarter.

Safety Insurance Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were given a dividend of $0.90 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $3.60 annualized dividend and a yield of 4.62%. Safety Insurance Group's payout ratio is 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.