11,750 Shares in Safety Insurance Group, Inc. (NASDAQ:SAFT) Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. acquired a new position in Safety Insurance Group, Inc. (NASDAQ:SAFT - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 11,750 shares of the insurance provider's stock, valued at approximately $927,000. Assenagon Asset Management S.A. owned approximately 0.08% of Safety Insurance Group as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of SAFT. Barclays PLC increased its position in 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 purchasing an additional 1,421 shares during the period. D. E. Shaw & Co. Inc. bought a new position in shares of Safety Insurance Group during the fourth quarter valued at approximately $655,000. Two Sigma Investments LP purchased a new position in Safety Insurance Group during the fourth quarter valued at approximately $1,004,000. Millennium Management LLC increased its holdings in Safety Insurance Group by 144.1% during the fourth quarter. Millennium Management LLC now owns 22,281 shares of the insurance provider's stock valued at $1,836,000 after buying an additional 13,152 shares during the period. Finally, Two Sigma Advisers LP bought a new position in Safety Insurance Group in the fourth quarter worth approximately $305,000. Institutional investors own 81.04% of the company's stock.

Safety Insurance Group Stock Down 0.6%

Shares of NASDAQ SAFT traded down $0.49 during mid-day trading on Thursday, reaching $77.88. 69,546 shares of the company were exchanged, compared to its average volume of 55,940. Safety Insurance Group, Inc. has a 1 year low of $70.71 and a 1 year high of $90.00. The firm has a 50-day moving average of $79.25 and a 200 day moving average of $79.33. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 15.93 and a beta of 0.27. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.04.

Safety Insurance Group (NASDAQ:SAFT - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The insurance provider reported $1.28 EPS for the quarter, beating the consensus estimate of $1.25 by $0.03. Safety Insurance Group had a net margin of 6.29% and a return on equity of 7.99%. The business had revenue of $298.97 million during the quarter.

Safety Insurance Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Monday, June 2nd were given a dividend of $0.90 per share. The ex-dividend date was Monday, June 2nd. This represents a $3.60 dividend on an annualized basis and a yield of 4.62%. Safety Insurance Group's payout ratio is 73.62%.

Wall Street Analysts Forecast Growth

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

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.