Kayne Anderson Rudnick Investment Management LLC Has $3.59 Million Holdings in Safety Insurance Group, Inc. (NASDAQ:SAFT)

Kayne Anderson Rudnick Investment Management LLC lessened its stake in Safety Insurance Group, Inc. (NASDAQ:SAFT - Free Report) by 56.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,507 shares of the insurance provider's stock after selling 56,689 shares during the period. Kayne Anderson Rudnick Investment Management LLC owned 0.29% of Safety Insurance Group worth $3,585,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of SAFT. Jane Street Group LLC raised its position in Safety Insurance Group by 57.4% in the 3rd quarter. Jane Street Group LLC now owns 26,641 shares of the insurance provider's stock worth $2,179,000 after purchasing an additional 9,713 shares during the last quarter. Barclays PLC raised its position in shares of Safety Insurance Group by 348.8% during the 3rd quarter. Barclays PLC now owns 24,430 shares of the insurance provider's stock valued at $1,997,000 after acquiring an additional 18,987 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Safety Insurance Group by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 355,390 shares of the insurance provider's stock valued at $29,070,000 after acquiring an additional 2,435 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Safety Insurance Group by 5.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 174,859 shares of the insurance provider's stock valued at $14,300,000 after acquiring an additional 9,531 shares during the last quarter. Finally, Exchange Traded Concepts LLC raised its position in shares of Safety Insurance Group by 4.3% during the 4th quarter. Exchange Traded Concepts LLC now owns 21,156 shares of the insurance provider's stock valued at $1,743,000 after acquiring an additional 865 shares during the last quarter. Institutional investors own 81.04% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Safety Insurance Group from a "buy" rating to a "hold" rating in a research report on Thursday, February 27th.

Safety Insurance Group Price Performance

Shares of Safety Insurance Group stock traded down $0.93 on Friday, hitting $76.50. 52,705 shares of the company's stock traded hands, compared to its average volume of 54,685. The firm's 50-day moving average price is $77.07 and its two-hundred day moving average price is $80.06. The stock has a market capitalization of $1.14 billion, a PE ratio of 15.15 and a beta of 0.19. Safety Insurance Group, Inc. has a one year low of $70.71 and a one year high of $90.00.

Safety Insurance Group (NASDAQ:SAFT - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The insurance provider reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.17 by ($0.23). Safety Insurance Group had a net margin of 6.86% and a return on equity of 6.35%. The firm had revenue of $286.72 million during the quarter.

Safety Insurance Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were issued a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 4.71%. The ex-dividend date was Monday, March 3rd. Safety Insurance Group's dividend payout ratio (DPR) is 75.47%.

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.