Jane Street Group LLC Purchases 9,713 Shares of Safety Insurance Group, Inc. (NASDAQ:SAFT)

Jane Street Group LLC grew its position in Safety Insurance Group, Inc. (NASDAQ:SAFT) by 57.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,641 shares of the insurance provider’s stock after acquiring an additional 9,713 shares during the period. Jane Street Group LLC’s holdings in Safety Insurance Group were worth $2,179,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. acquired a new stake in Safety Insurance Group in the 3rd quarter valued at about $202,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Safety Insurance Group during the 3rd quarter worth approximately $213,000. Everence Capital Management Inc. acquired a new position in shares of Safety Insurance Group during the 3rd quarter worth approximately $267,000. Creative Planning bought a new stake in Safety Insurance Group in the 3rd quarter valued at $299,000. Finally, Inspire Investing LLC lifted its holdings in Safety Insurance Group by 7.4% during the 2nd quarter. Inspire Investing LLC now owns 4,658 shares of the insurance provider’s stock valued at $349,000 after purchasing an additional 319 shares during the last quarter. 81.04% of the stock is currently owned by institutional investors and hedge funds.

Safety Insurance Group Trading Down 1.0 %

Safety Insurance Group stock opened at $81.27 on Tuesday. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of 16.09 and a beta of 0.19. The stock’s 50 day moving average is $83.44 and its 200-day moving average is $81.81. Safety Insurance Group, Inc. has a 12 month low of $71.99 and a 12 month high of $90.00.

Safety Insurance Group (NASDAQ:SAFT) last posted its quarterly earnings data on Tuesday, November 5th. The insurance provider reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.40 by ($0.30). The firm had revenue of $295.28 million for the quarter. Safety Insurance Group had a return on equity of 6.35% and a net margin of 6.86%.

Safety Insurance Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, December 2nd were issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 4.43%. The ex-dividend date was Monday, December 2nd. Safety Insurance Group’s dividend payout ratio is currently 71.29%.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Safety Insurance Group from a “hold” rating to a “buy” rating in a report on Thursday, November 14th.

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.