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

Two Sigma Investments LP acquired a new stake in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 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 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. TimesSquare Capital Management LLC lifted its stake in Safety Insurance Group by 17.5% in the 4th quarter. TimesSquare Capital Management LLC now owns 602,449 shares of the insurance provider's stock worth $49,642,000 after purchasing an additional 89,561 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Safety Insurance Group by 46.4% in the 4th quarter. Bank of New York Mellon Corp now owns 219,960 shares of the insurance provider's stock worth $18,125,000 after purchasing an additional 69,750 shares in the last quarter. Norges Bank purchased a new stake in Safety Insurance Group in the 4th quarter worth $4,023,000. JPMorgan Chase & Co. lifted its stake in Safety Insurance Group by 21.4% in the 4th 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 lifted its stake in Safety Insurance Group by 348.8% in the 3rd 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. 81.04% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Safety Insurance Group Price Performance

Shares of Safety Insurance Group stock traded up $0.41 during trading hours on Friday, reaching $80.03. The company's stock had a trading volume of 36,292 shares, compared to its average volume of 55,098. The firm has a 50 day moving average price of $78.81 and a 200-day moving average price of $79.67. Safety Insurance Group, Inc. has a one year low of $70.71 and a one year high of $90.00. The stock has a market cap of $1.19 billion, a P/E ratio of 15.85 and a beta of 0.27.

Safety Insurance Group (NASDAQ:SAFT - Get Free Report) last posted its earnings results on Wednesday, May 7th. The insurance provider reported $1.28 earnings per share for the quarter, topping analysts' consensus estimates 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 firm had revenue of $298.97 million for the quarter.

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 issued a $0.90 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.50%. Safety Insurance Group's dividend payout ratio (DPR) is presently 73.62%.

Safety Insurance Group Company 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.