CenterBook Partners LP Purchases New Shares in Safety Insurance Group, Inc. (NASDAQ:SAFT)

CenterBook Partners LP bought a new stake in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,214 shares of the insurance provider's stock, valued at approximately $332,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Signaturefd LLC grew its stake in shares of Safety Insurance Group by 94.9% in the fourth quarter. Signaturefd LLC now owns 308 shares of the insurance provider's stock worth $25,000 after acquiring an additional 150 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Safety Insurance Group in the 4th quarter valued at about $34,000. Parallel Advisors LLC raised its stake in Safety Insurance Group by 169.9% during the 1st quarter. Parallel Advisors LLC now owns 448 shares of the insurance provider's stock valued at $35,000 after acquiring an additional 282 shares during the last quarter. Sterling Capital Management LLC raised its stake in Safety Insurance Group by 823.5% during the 4th quarter. Sterling Capital Management LLC now owns 471 shares of the insurance provider's stock valued at $39,000 after acquiring an additional 420 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in Safety Insurance Group by 67.9% during the 1st quarter. GAMMA Investing LLC now owns 811 shares of the insurance provider's stock valued at $64,000 after acquiring an additional 328 shares during the last quarter. Hedge funds and other institutional investors own 81.04% of the company's stock.

Safety Insurance Group Trading Down 0.3%

Safety Insurance Group stock traded down $0.25 during midday trading on Monday, reaching $72.78. The stock had a trading volume of 36,049 shares, compared to its average volume of 59,190. The stock's 50-day simple moving average is $78.79 and its 200 day simple moving average is $78.12. The stock has a market capitalization of $1.08 billion, a PE ratio of 14.87 and a beta of 0.26. Safety Insurance Group, Inc. has a twelve month low of $70.71 and a twelve month high of $90.00. 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 released 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 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 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, June 2nd were given a $0.90 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $3.60 annualized dividend and a dividend yield of 4.95%. Safety Insurance Group's dividend payout ratio (DPR) is presently 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 note 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.