TimesSquare Capital Management LLC Purchases Shares of 200,900 Safety Insurance Group, Inc. (NASDAQ:SAFT)

TimesSquare Capital Management LLC bought a new stake in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 200,900 shares of the insurance provider's stock, valued at approximately $15,266,000. TimesSquare Capital Management LLC owned approximately 1.36% of Safety Insurance Group as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Charles Schwab Investment Management Inc. increased its stake in shares of Safety Insurance Group by 4.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 216,496 shares of the insurance provider's stock valued at $16,452,000 after purchasing an additional 9,803 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Safety Insurance Group by 1.6% during the fourth quarter. Victory Capital Management Inc. now owns 1,174,371 shares of the insurance provider's stock valued at $89,240,000 after purchasing an additional 19,004 shares in the last quarter. Anchor Capital Advisors LLC increased its position in shares of Safety Insurance Group by 26.1% during the fourth quarter. Anchor Capital Advisors LLC now owns 13,280 shares of the insurance provider's stock valued at $1,009,000 after acquiring an additional 2,747 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of Safety Insurance Group by 12.7% during the fourth quarter. Russell Investments Group Ltd. now owns 18,109 shares of the insurance provider's stock valued at $1,376,000 after acquiring an additional 2,042 shares in the last quarter. Finally, Louisiana State Employees Retirement System bought a new stake in shares of Safety Insurance Group during the fourth quarter valued at approximately $562,000. Institutional investors own 81.04% of the company's stock.

Safety Insurance Group Price Performance

SAFT stock traded down $1.28 during mid-day trading on Friday, hitting $83.07. The company had a trading volume of 44,196 shares, compared to its average volume of 53,981. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of 65.41 and a beta of 0.19. Safety Insurance Group, Inc. has a 12-month low of $65.78 and a 12-month high of $88.72. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.04. The company has a 50-day moving average price of $80.25 and a 200 day moving average price of $79.49.

Safety Insurance Group (NASDAQ:SAFT - Get Free Report) last announced its quarterly earnings results on Tuesday, February 27th. The insurance provider reported $0.30 EPS for the quarter. The business had revenue of $258.40 million for the quarter. Safety Insurance Group had a net margin of 2.03% and a return on equity of 1.56%.

Safety Insurance Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Monday, June 3rd will be paid a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 4.33%. The ex-dividend date of this dividend is Monday, June 3rd. Safety Insurance Group's payout ratio is currently 283.46%.

Analyst Ratings Changes

Separately, TheStreet raised shares of Safety Insurance Group from a "c+" rating to a "b" rating in a research report on Tuesday, February 27th.

Insiders Place Their Bets

In other news, VP Stephen Albert Varga sold 900 shares of the company's stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $79.35, for a total transaction of $71,415.00. Following the sale, the vice president now directly owns 28,465 shares in the company, valued at approximately $2,258,697.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.00% of the company's stock.

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.