Two Sigma Investments LP Makes New Investment in Safety Insurance Group, Inc. (NASDAQ:SAFT)

Two Sigma Investments LP purchased a new position in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 12,180 shares of the insurance provider's stock, valued at approximately $1,004,000. Two Sigma Investments LP owned 0.08% of Safety Insurance Group as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of SAFT. Signaturefd LLC boosted its holdings in Safety Insurance Group by 94.9% during the 4th quarter. Signaturefd LLC now owns 308 shares of the insurance provider's stock valued at $25,000 after acquiring an additional 150 shares during the period. Naples Global Advisors LLC lifted its position in shares of Safety Insurance Group by 1.3% during the fourth quarter. Naples Global Advisors LLC now owns 17,373 shares of the insurance provider's stock worth $1,432,000 after purchasing an additional 225 shares in the last quarter. Anchor Capital Advisors LLC boosted its stake in shares of Safety Insurance Group by 1.6% in the fourth quarter. Anchor Capital Advisors LLC now owns 16,890 shares of the insurance provider's stock valued at $1,392,000 after purchasing an additional 268 shares during the period. WINTON GROUP Ltd boosted its stake in shares of Safety Insurance Group by 2.3% in the fourth quarter. WINTON GROUP Ltd now owns 13,224 shares of the insurance provider's stock valued at $1,090,000 after purchasing an additional 293 shares during the period. Finally, Martingale Asset Management L P grew its holdings in shares of Safety Insurance Group by 1.7% in the fourth quarter. Martingale Asset Management L P now owns 17,992 shares of the insurance provider's stock valued at $1,483,000 after purchasing an additional 300 shares in the last quarter. 81.04% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Wall Street Zen raised Safety Insurance Group from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd.

Safety Insurance Group Stock Performance

Shares of SAFT traded down $0.71 during midday trading on Monday, hitting $79.32. The company had a trading volume of 63,541 shares, compared to its average volume of 55,150. Safety Insurance Group, Inc. has a 1 year low of $70.71 and a 1 year high of $90.00. The firm has a market capitalization of $1.18 billion, a P/E ratio of 15.71 and a beta of 0.27. The company's 50-day simple moving average is $78.81 and its 200-day simple moving average is $79.61.

Safety Insurance Group (NASDAQ:SAFT - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The insurance provider reported $1.28 EPS for the quarter, topping the consensus estimate of $1.25 by $0.03. Safety Insurance Group had a net margin of 6.86% and a return on equity of 6.35%. The company had revenue of $298.97 million during the quarter.

Safety Insurance Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Monday, June 2nd will be issued a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 4.54%. The ex-dividend date is Monday, June 2nd. Safety Insurance Group's dividend payout ratio (DPR) is presently 73.62%.

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.