Deutsche Bank AG Buys 5,202 Shares of Safety Insurance Group, Inc. (NASDAQ:SAFT)

Deutsche Bank AG lifted its position in Safety Insurance Group, Inc. (NASDAQ:SAFT - Free Report) by 58.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,027 shares of the insurance provider's stock after buying an additional 5,202 shares during the period. Deutsche Bank AG owned approximately 0.09% of Safety Insurance Group worth $1,156,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Signaturefd LLC boosted 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 valued at $25,000 after buying an additional 150 shares during the period. Sterling Capital Management LLC grew its position 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 worth $39,000 after purchasing an additional 420 shares during the period. KBC Group NV boosted its stake in shares of Safety Insurance Group by 52.2% during the 4th quarter. KBC Group NV now owns 1,000 shares of the insurance provider's stock worth $82,000 after acquiring an additional 343 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in Safety Insurance Group in the 4th quarter valued at about $181,000. Finally, Parvin Asset Management LLC purchased a new position in Safety Insurance Group in the 4th quarter worth approximately $240,000. 81.04% of the stock is owned by institutional investors.

Safety Insurance Group Price Performance

Shares of SAFT stock traded down $0.30 during trading hours on Friday, reaching $82.43. 2,548 shares of the company's stock were exchanged, compared to its average volume of 54,660. Safety Insurance Group, Inc. has a 1 year low of $70.71 and a 1 year high of $90.00. The company has a market cap of $1.23 billion, a P/E ratio of 16.32 and a beta of 0.22. The company's 50 day moving average is $78.60 and its two-hundred day moving average is $79.85.

Safety Insurance Group (NASDAQ:SAFT - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The insurance provider reported $1.28 EPS for the quarter, topping analysts' consensus estimates of $1.25 by $0.03. The company had revenue of $298.97 million for the quarter. Safety Insurance Group had a return on equity of 6.35% and a net margin of 6.86%.

Safety Insurance Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, June 2nd will be paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.37%. The ex-dividend date of this dividend is Monday, June 2nd. Safety Insurance Group's dividend payout ratio (DPR) is presently 73.62%.

Analyst Upgrades and Downgrades

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.

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.