14,242 Shares in Safety Insurance Group, Inc. (NASDAQ:SAFT) Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd acquired a new stake in Safety Insurance Group, Inc. (NASDAQ:SAFT - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 14,242 shares of the insurance provider's stock, valued at approximately $1,123,000. Y Intercept Hong Kong Ltd owned 0.10% of Safety Insurance Group at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in SAFT. Raymond James Financial Inc. purchased a new stake in shares of Safety Insurance Group during the fourth quarter worth about $1,200,000. Teacher Retirement System of Texas acquired a new position in Safety Insurance Group in the fourth quarter valued at approximately $1,215,000. American Century Companies Inc. boosted its stake in Safety Insurance Group by 0.5% in the fourth quarter. American Century Companies Inc. now owns 67,475 shares of the insurance provider's stock valued at $5,560,000 after acquiring an additional 344 shares during the period. KLP Kapitalforvaltning AS bought a new stake in shares of Safety Insurance Group during the fourth quarter valued at approximately $280,000. Finally, EntryPoint Capital LLC bought a new stake in shares of Safety Insurance Group during the fourth quarter valued at approximately $304,000. 81.04% of the stock is owned by hedge funds and other institutional investors.

Safety Insurance Group Stock Down 1.2%

NASDAQ:SAFT traded down $0.85 during trading hours on Monday, hitting $69.92. 5,469 shares of the stock traded hands, compared to its average volume of 62,614. The firm has a 50 day moving average price of $77.77 and a 200 day moving average price of $77.79. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.04. Safety Insurance Group, Inc. has a fifty-two week low of $69.97 and a fifty-two week high of $90.00. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 14.30 and a beta of 0.26.

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

Safety Insurance Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Monday, June 2nd were given a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 5.15%. The ex-dividend date of this dividend was Monday, June 2nd. Safety Insurance Group's dividend payout ratio (DPR) is presently 73.62%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Safety Insurance Group from a "hold" rating to a "buy" rating in a research 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.