Charles Schwab Investment Management Inc. Boosts Position in Safety Insurance Group, Inc. (NASDAQ:SAFT)

Charles Schwab Investment Management Inc. boosted its holdings in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) by 2.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 239,565 shares of the insurance provider’s stock after buying an additional 6,542 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Safety Insurance Group were worth $19,740,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Anchor Capital Advisors LLC increased its holdings in shares of Safety Insurance Group by 1.6% during the 4th quarter. Anchor Capital Advisors LLC now owns 16,890 shares of the insurance provider’s stock valued at $1,392,000 after purchasing an additional 268 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Safety Insurance Group by 46.4% during 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 in the last quarter. Handelsbanken Fonder AB increased its holdings in shares of Safety Insurance Group by 14.1% during the 4th quarter. Handelsbanken Fonder AB now owns 4,858 shares of the insurance provider’s stock valued at $400,000 after purchasing an additional 600 shares in the last quarter. Ieq Capital LLC purchased a new position in shares of Safety Insurance Group during the 4th quarter valued at approximately $279,000. Finally, TimesSquare Capital Management LLC increased its holdings in shares of Safety Insurance Group by 17.5% during the 4th quarter. TimesSquare Capital Management LLC now owns 602,449 shares of the insurance provider’s stock valued at $49,642,000 after purchasing an additional 89,561 shares in the last quarter. 81.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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 Price Performance

NASDAQ:SAFT opened at $77.35 on Thursday. The firm has a market cap of $1.15 billion, a price-to-earnings ratio of 15.32 and a beta of 0.13. The company has a 50 day moving average price of $77.94 and a 200-day moving average price of $81.10. Safety Insurance Group, Inc. has a 1-year low of $73.38 and a 1-year high of $90.00.

Safety Insurance Group (NASDAQ:SAFT) last issued its quarterly earnings results on Tuesday, February 25th. The insurance provider reported $0.94 EPS for the quarter, missing the consensus estimate of $1.17 by ($0.23). The company had revenue of $286.72 million during 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 business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were issued a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 4.65%. The ex-dividend date was Monday, March 3rd. Safety Insurance Group’s payout ratio is presently 75.47%.

Safety Insurance Group 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.