Fmr LLC Has $53,000 Stock Holdings in Safety Insurance Group, Inc. (NASDAQ:SAFT)

Fmr LLC lessened its holdings in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) by 88.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 645 shares of the insurance provider’s stock after selling 4,756 shares during the period. Fmr LLC’s holdings in Safety Insurance Group were worth $53,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

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

Safety Insurance Group Trading Up 0.8 %

Shares of SAFT stock opened at $81.88 on Wednesday. The firm’s fifty day moving average price is $83.44 and its two-hundred day moving average price is $81.81. Safety Insurance Group, Inc. has a 1 year low of $71.99 and a 1 year high of $90.00. The firm has a market capitalization of $1.21 billion, a P/E ratio of 16.21 and a beta of 0.19.

Safety Insurance Group (NASDAQ:SAFT) last announced 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). Safety Insurance Group had a net margin of 6.86% and a return on equity of 6.35%. The company had revenue of $295.28 million during the quarter.

Safety Insurance Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, December 2nd were given a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.40%. The ex-dividend date was Monday, December 2nd. Safety Insurance Group’s dividend payout ratio (DPR) is presently 71.29%.

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.