CenterBook Partners LP Purchases Shares of 4,214 Safety Insurance Group, Inc. (NASDAQ:SAFT)

CenterBook Partners LP bought a new position in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor bought 4,214 shares of the insurance provider's stock, valued at approximately $332,000.

Several other large investors have also made changes to their positions in the business. Charles Schwab Investment Management Inc. increased its position in shares of Safety Insurance Group by 2.8% during 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. Raymond James Financial Inc. purchased a new stake in shares of Safety Insurance Group during the fourth quarter worth approximately $1,200,000. Amundi increased its position in shares of Safety Insurance Group by 189.5% during the fourth quarter. Amundi now owns 7,170 shares of the insurance provider's stock worth $576,000 after purchasing an additional 4,693 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Safety Insurance Group during the fourth quarter worth approximately $607,000. Finally, Signaturefd LLC increased its position in shares of Safety Insurance Group by 94.9% during the fourth quarter. Signaturefd LLC now owns 308 shares of the insurance provider's stock worth $25,000 after purchasing an additional 150 shares in the last quarter. 81.04% of the stock is owned by institutional investors and hedge funds.

Safety Insurance Group Trading Up 0.3%

Shares of Safety Insurance Group stock traded up $0.21 during trading hours on Friday, hitting $73.03. The company's stock had a trading volume of 82,339 shares, compared to its average volume of 59,388. Safety Insurance Group, Inc. has a twelve month low of $70.71 and a twelve month high of $90.00. The firm has a fifty day moving average of $78.79 and a 200-day moving average of $78.18. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 14.93 and a beta of 0.26. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.42 and a current ratio of 0.42.

Safety Insurance Group (NASDAQ:SAFT - Get Free Report) last announced 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 return on equity of 7.99% and a net margin of 6.29%. The business had revenue of $298.97 million for the quarter.

Safety Insurance Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, June 2nd were paid a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 4.93%. The ex-dividend date 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.

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.