Marshall Wace LLP Invests $831,000 in Safety Insurance Group, Inc. (NASDAQ:SAFT)

Marshall Wace LLP bought a new stake in Safety Insurance Group, Inc. (NASDAQ:SAFT - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 10,079 shares of the insurance provider's stock, valued at approximately $831,000. Marshall Wace LLP owned about 0.07% of Safety Insurance Group as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of SAFT. TimesSquare Capital Management LLC lifted its holdings in shares of Safety Insurance Group by 17.5% during the fourth quarter. TimesSquare Capital Management LLC now owns 602,449 shares of the insurance provider's stock worth $49,642,000 after buying an additional 89,561 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Safety Insurance Group by 46.4% in the 4th quarter. Bank of New York Mellon Corp now owns 219,960 shares of the insurance provider's stock valued at $18,125,000 after purchasing an additional 69,750 shares during the period. Norges Bank acquired a new position in shares of Safety Insurance Group during the 4th quarter worth approximately $4,023,000. JPMorgan Chase & Co. increased its holdings in shares of Safety Insurance Group by 21.4% during the fourth quarter. JPMorgan Chase & Co. now owns 212,354 shares of the insurance provider's stock worth $17,498,000 after purchasing an additional 37,495 shares during the period. Finally, Barclays PLC raised its position in shares of Safety Insurance Group by 348.8% in the third quarter. Barclays PLC now owns 24,430 shares of the insurance provider's stock valued at $1,997,000 after buying an additional 18,987 shares in the last quarter. Institutional investors own 81.04% of the company's stock.

Analyst Ratings Changes

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

Safety Insurance Group Stock Up 0.1 %

Shares of SAFT stock traded up $0.10 during trading hours on Tuesday, reaching $78.04. The company's stock had a trading volume of 4,939 shares, compared to its average volume of 55,867. Safety Insurance Group, Inc. has a fifty-two week low of $70.71 and a fifty-two week high of $90.00. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of 15.45 and a beta of 0.22. The firm's 50 day simple moving average is $77.01 and its 200-day simple moving average is $79.83.

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). The company had revenue of $286.72 million for the quarter. Safety Insurance Group had a net margin of 6.86% and a return on equity of 6.35%.

Safety Insurance Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.90 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $3.60 annualized dividend and a dividend yield of 4.61%. Safety Insurance Group's dividend payout ratio (DPR) is presently 75.47%.

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.