First Manhattan CO. LLC. Decreases Position in Safety Insurance Group, Inc. (NASDAQ:SAFT)

First Manhattan CO. LLC. lessened its stake in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT - Free Report) by 23.4% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 12,800 shares of the insurance provider's stock after selling 3,900 shares during the period. First Manhattan CO. LLC. owned 0.09% of Safety Insurance Group worth $1,055,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Signaturefd LLC boosted 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 during the period. Sterling Capital Management LLC boosted its stake in shares of Safety Insurance Group by 823.5% in the fourth quarter. Sterling Capital Management LLC now owns 471 shares of the insurance provider's stock worth $39,000 after acquiring an additional 420 shares during the period. KBC Group NV boosted its stake in shares of Safety Insurance Group by 52.2% in the fourth quarter. KBC Group NV now owns 1,000 shares of the insurance provider's stock worth $82,000 after acquiring an additional 343 shares during the period. Cubist Systematic Strategies LLC bought a new position in shares of Safety Insurance Group in the fourth quarter worth about $181,000. Finally, Parvin Asset Management LLC bought a new position in shares of Safety Insurance Group in the fourth quarter worth about $240,000. Institutional investors own 81.04% of the company's stock.

Safety Insurance Group Price Performance

Shares of NASDAQ SAFT traded up $0.47 during mid-day trading on Friday, reaching $83.13. The company's stock had a trading volume of 56,917 shares, compared to its average volume of 55,037. The firm has a market capitalization of $1.24 billion, a PE ratio of 16.46 and a beta of 0.22. The stock has a fifty day moving average of $77.71 and a two-hundred day moving average of $79.84. Safety Insurance Group, Inc. has a 52 week low of $70.71 and a 52 week high of $90.00.

Safety Insurance Group (NASDAQ:SAFT - Get Free Report) last posted its earnings results 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 company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Monday, June 2nd will be given a $0.90 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.33%. Safety Insurance Group's dividend payout ratio is currently 73.62%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Safety Insurance Group from a "hold" rating to a "buy" rating in a research note on Monday, May 12th.

Safety Insurance Group Company 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.