Safety Insurance Group, Inc. (NASDAQ:SAFT) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC lifted its holdings in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) by 0.7% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 355,390 shares of the insurance provider’s stock after buying an additional 2,435 shares during the period. Geode Capital Management LLC’s holdings in Safety Insurance Group were worth $29,070,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Louisiana State Employees Retirement System boosted its position in shares of Safety Insurance Group by 2.7% in the second quarter. Louisiana State Employees Retirement System now owns 7,500 shares of the insurance provider’s stock worth $563,000 after buying an additional 200 shares during the period. Anchor Capital Advisors LLC boosted its holdings in Safety Insurance Group by 26.5% in the 2nd quarter. Anchor Capital Advisors LLC now owns 16,765 shares of the insurance provider’s stock worth $1,258,000 after acquiring an additional 3,513 shares during the period. WINTON GROUP Ltd grew its position in Safety Insurance Group by 4.8% in the second quarter. WINTON GROUP Ltd now owns 11,771 shares of the insurance provider’s stock valued at $883,000 after acquiring an additional 537 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Safety Insurance Group by 1.5% during the second quarter. Dimensional Fund Advisors LP now owns 756,633 shares of the insurance provider’s stock valued at $56,770,000 after purchasing an additional 11,146 shares during the period. Finally, Inspire Investing LLC lifted its position in shares of Safety Insurance Group by 7.4% during the second quarter. Inspire Investing LLC now owns 4,658 shares of the insurance provider’s stock worth $349,000 after purchasing an additional 319 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 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 Stock Performance

Shares of SAFT opened at $82.30 on Friday. Safety Insurance Group, Inc. has a one year low of $71.99 and a one year high of $90.00. The stock has a 50-day moving average price of $83.41 and a 200 day moving average price of $81.84. The company has a market capitalization of $1.22 billion, a P/E ratio of 16.30 and a beta of 0.19.

Safety Insurance Group (NASDAQ:SAFT) last released its quarterly earnings results on Tuesday, November 5th. The insurance provider reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.30). The company 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 business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, December 2nd were paid a $0.90 dividend. The ex-dividend date was Monday, December 2nd. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.37%. Safety Insurance Group’s dividend payout ratio (DPR) is presently 71.29%.

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.