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

Dimensional Fund Advisors LP lowered its stake in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT - Free Report) by 0.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 749,218 shares of the insurance provider's stock after selling 6,124 shares during the period. Dimensional Fund Advisors LP owned approximately 5.05% of Safety Insurance Group worth $61,735,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SAFT. TimesSquare Capital Management LLC lifted its position in shares of Safety Insurance Group by 17.5% during the 4th quarter. TimesSquare Capital Management LLC now owns 602,449 shares of the insurance provider's stock valued at $49,642,000 after buying an additional 89,561 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in 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 valued at $18,125,000 after purchasing an additional 69,750 shares in the last quarter. Norges Bank bought a new position in shares of Safety Insurance Group in the fourth quarter worth approximately $4,023,000. JPMorgan Chase & Co. increased its stake in shares of Safety Insurance Group by 21.4% in the fourth 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 increased its stake in shares of Safety Insurance Group by 348.8% in 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 in the last quarter. Hedge funds and other institutional investors own 81.04% of the company's stock.

Safety Insurance Group Trading Down 0.7 %

Shares of SAFT traded down $0.53 during mid-day trading on Wednesday, hitting $76.97. The company's stock had a trading volume of 42,238 shares, compared to its average volume of 54,595. The company's 50-day moving average is $77.05 and its 200-day moving average is $79.80. Safety Insurance Group, Inc. has a 52-week low of $70.71 and a 52-week high of $90.00. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of 15.24 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. Safety Insurance Group had a return on equity of 6.35% and a net margin of 6.86%.

Safety Insurance Group Announces Dividend

The firm 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 dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 4.68%. Safety Insurance Group's payout ratio is 75.47%.

Wall Street Analyst Weigh In

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

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.