Russell Investments Group Ltd. Sells 3,475 Shares of Safety Insurance Group, Inc. (NASDAQ:SAFT)

Russell Investments Group Ltd. decreased its holdings in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT - Free Report) by 22.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,842 shares of the insurance provider's stock after selling 3,475 shares during the period. Russell Investments Group Ltd. owned approximately 0.08% of Safety Insurance Group worth $976,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. TimesSquare Capital Management LLC grew its position in Safety Insurance Group by 17.5% in 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 during the last quarter. Geode Capital Management LLC lifted its holdings in shares of 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 valued at $29,070,000 after purchasing an additional 2,435 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Safety Insurance Group by 2.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 239,565 shares of the insurance provider's stock valued at $19,740,000 after purchasing an additional 6,542 shares during the period. Bank of New York Mellon Corp increased its stake 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 worth $18,125,000 after purchasing an additional 69,750 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Safety Insurance Group by 21.4% during the 4th quarter. JPMorgan Chase & Co. now owns 212,354 shares of the insurance provider's stock worth $17,498,000 after buying an additional 37,495 shares during the period. Institutional investors and hedge funds own 81.04% of the company's stock.

Wall Street Analyst Weigh In

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

Safety Insurance Group Trading Down 1.2 %

NASDAQ SAFT traded down $0.93 on Friday, reaching $76.50. The stock had a trading volume of 52,705 shares, compared to its average volume of 54,594. Safety Insurance Group, Inc. has a 1 year low of $70.71 and a 1 year high of $90.00. The business has a 50 day moving average price of $77.07 and a 200 day moving average price of $80.06. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of 15.15 and a beta of 0.19.

Safety Insurance Group (NASDAQ:SAFT - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The insurance provider reported $0.94 EPS 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 during the quarter.

Safety Insurance Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were paid a $0.90 dividend. The ex-dividend date was Monday, March 3rd. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.71%. Safety Insurance Group's payout ratio 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.