Renaissance Technologies LLC Decreases Position in Safety Insurance Group, Inc. (NASDAQ:SAFT)

Renaissance Technologies LLC lowered its position in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT - Free Report) by 3.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 136,414 shares of the insurance provider's stock after selling 4,700 shares during the period. Renaissance Technologies LLC owned 0.92% of Safety Insurance Group worth $11,241,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Jane Street Group LLC grew its position in shares of Safety Insurance Group by 57.4% during the 3rd quarter. Jane Street Group LLC now owns 26,641 shares of the insurance provider's stock valued at $2,179,000 after purchasing an additional 9,713 shares in the last quarter. Geode Capital Management LLC grew its position in Safety Insurance Group by 0.7% during the third quarter. Geode Capital Management LLC now owns 355,390 shares of the insurance provider's stock worth $29,070,000 after buying an additional 2,435 shares in the last quarter. Barclays PLC increased its stake in Safety Insurance Group by 348.8% in the 3rd quarter. Barclays PLC now owns 24,430 shares of the insurance provider's stock worth $1,997,000 after acquiring an additional 18,987 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Safety Insurance Group by 5.8% in 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 in the last quarter. Finally, EntryPoint Capital LLC bought a new stake in shares of Safety Insurance Group during the 4th quarter valued at about $304,000. Institutional investors own 81.04% of the company's stock.

Safety Insurance Group Trading Up 2.2 %

Shares of Safety Insurance Group stock traded up $1.64 on Tuesday, hitting $77.08. 64,638 shares of the company traded hands, compared to its average volume of 54,368. Safety Insurance Group, Inc. has a 12-month low of $70.71 and a 12-month high of $90.00. The company has a market cap of $1.15 billion, a P/E ratio of 15.26 and a beta of 0.19. The firm's 50-day simple moving average is $77.13 and its 200 day simple moving average is $80.12.

Safety Insurance Group (NASDAQ:SAFT - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The insurance provider reported $0.94 earnings per share for the quarter, missing analysts' consensus estimates 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 for the quarter.

Safety Insurance Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were given a $0.90 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $3.60 dividend on an annualized basis and a yield of 4.67%. Safety Insurance Group's payout ratio is 75.47%.

Analysts Set New Price Targets

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 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.