Two Sigma Advisers LP Makes New Investment in Safety Insurance Group, Inc. (NASDAQ:SAFT)

Two Sigma Advisers LP acquired a new position in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 3,700 shares of the insurance provider's stock, valued at approximately $305,000.

Other hedge funds have also modified their holdings of the company. Signaturefd LLC grew its position in 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 acquiring an additional 150 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Safety Insurance Group in the 4th quarter valued at about $34,000. Sterling Capital Management LLC grew its holdings in shares of 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 grew its holdings 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 purchasing an additional 343 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new stake in Safety Insurance Group during the 4th quarter worth approximately $181,000. 81.04% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Safety Insurance Group Stock Performance

Shares of NASDAQ:SAFT traded down $0.71 during midday trading on Monday, hitting $79.32. 63,541 shares of the company's stock traded hands, compared to its average volume of 55,150. The firm's fifty day moving average price is $78.81 and its two-hundred day moving average price is $79.61. Safety Insurance Group, Inc. has a twelve month low of $70.71 and a twelve month high of $90.00. The company has a market cap of $1.18 billion, a PE ratio of 15.71 and a beta of 0.27.

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. Safety Insurance Group had a return on equity of 6.35% and a net margin of 6.86%. The company had revenue of $298.97 million for the quarter.

Safety Insurance Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, June 2nd will be issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 4.54%. The ex-dividend date is Monday, June 2nd. Safety Insurance Group's dividend payout ratio is presently 73.62%.

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.