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 fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,700 shares of the insurance provider's stock, valued at approximately $305,000.

A number of other large investors have also recently modified their holdings of the business. Signaturefd LLC boosted its holdings in shares of Safety Insurance Group by 94.9% in the 4th quarter. Signaturefd LLC now owns 308 shares of the insurance provider's stock valued at $25,000 after purchasing an additional 150 shares in the last quarter. Naples Global Advisors LLC lifted its holdings in Safety Insurance Group by 1.3% during the 4th quarter. Naples Global Advisors LLC now owns 17,373 shares of the insurance provider's stock worth $1,432,000 after buying an additional 225 shares during the period. Anchor Capital Advisors LLC lifted its holdings in Safety Insurance Group by 1.6% during the 4th quarter. Anchor Capital Advisors LLC now owns 16,890 shares of the insurance provider's stock worth $1,392,000 after buying an additional 268 shares during the period. WINTON GROUP Ltd lifted its holdings in Safety Insurance Group by 2.3% during the 4th quarter. WINTON GROUP Ltd now owns 13,224 shares of the insurance provider's stock worth $1,090,000 after buying an additional 293 shares during the period. Finally, Martingale Asset Management L P raised its position in shares of Safety Insurance Group by 1.7% in the 4th quarter. Martingale Asset Management L P now owns 17,992 shares of the insurance provider's stock worth $1,483,000 after acquiring an additional 300 shares in the last quarter. Institutional investors and hedge funds own 81.04% of the company's stock.

Safety Insurance Group Trading Up 0.5%

Safety Insurance Group stock traded up $0.41 during midday trading on Friday, reaching $80.03. The stock had a trading volume of 36,292 shares, compared to its average volume of 55,098. Safety Insurance Group, Inc. has a 12 month low of $70.71 and a 12 month high of $90.00. The company has a market capitalization of $1.19 billion, a P/E ratio of 15.85 and a beta of 0.27. The company has a fifty day moving average price of $78.81 and a two-hundred day moving average price of $79.67.

Safety Insurance Group (NASDAQ:SAFT - Get Free Report) last issued its earnings results on Wednesday, May 7th. The insurance provider reported $1.28 EPS for the quarter, beating 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 business had revenue of $298.97 million during the quarter.

Safety Insurance Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, June 2nd will be issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 4.50%. The ex-dividend date of this dividend is Monday, June 2nd. Safety Insurance Group's dividend payout ratio is currently 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 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.