Assenagon Asset Management S.A. Acquires Shares of 11,750 Safety Insurance Group, Inc. (NASDAQ:SAFT)

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

Several other institutional investors have also added to or reduced their stakes in the stock. TimesSquare Capital Management LLC boosted its position in 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 worth $49,642,000 after acquiring an additional 89,561 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Safety Insurance Group by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 239,565 shares of the insurance provider's stock worth $19,740,000 after purchasing an additional 6,542 shares in the last quarter. Bank of New York Mellon Corp boosted 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 worth $18,125,000 after purchasing an additional 69,750 shares during the last quarter. JPMorgan Chase & Co. increased 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 valued at $17,498,000 after buying an additional 37,495 shares during the last quarter. Finally, Northern Trust Corp increased its stake in Safety Insurance Group by 6.9% in the 4th quarter. Northern Trust Corp now owns 166,223 shares of the insurance provider's stock valued at $13,697,000 after buying an additional 10,768 shares during the last quarter. 81.04% of the stock is owned by institutional investors.

Safety Insurance Group Price Performance

SAFT stock remained flat at $77.88 during mid-day trading on Friday. The company's stock had a trading volume of 172,265 shares, compared to its average volume of 56,098. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.42 and a quick ratio of 0.42. The stock's 50 day moving average is $79.33 and its 200 day moving average is $79.18. The company has a market capitalization of $1.16 billion, a P/E ratio of 15.93 and a beta of 0.27. Safety Insurance Group, Inc. has a 12-month low of $70.71 and a 12-month high of $90.00.

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

Safety Insurance Group Dividend Announcement

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

Analyst Ratings Changes

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

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.