Carl P. Sherr & Co. LLC Cuts Stock Position in Safety Insurance Group, Inc. (NASDAQ:SAFT)

Carl P. Sherr & Co. LLC trimmed its position in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) by 14.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,617 shares of the insurance provider’s stock after selling 4,319 shares during the period. Safety Insurance Group comprises 1.1% of Carl P. Sherr & Co. LLC’s investment portfolio, making the stock its 23rd largest position. Carl P. Sherr & Co. LLC owned 0.17% of Safety Insurance Group worth $2,111,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of SAFT. KBC Group NV boosted its position in Safety Insurance Group by 52.2% during the fourth quarter. KBC Group NV now owns 1,000 shares of the insurance provider’s stock valued at $82,000 after buying an additional 343 shares during the period. Robeco Institutional Asset Management B.V. bought a new stake in shares of Safety Insurance Group in the 3rd quarter valued at about $202,000. Dynamic Technology Lab Private Ltd purchased a new stake in Safety Insurance Group during the 3rd quarter valued at about $213,000. Ieq Capital LLC bought a new position in Safety Insurance Group during the 4th quarter worth approximately $279,000. Finally, XTX Topco Ltd purchased a new position in Safety Insurance Group in the 3rd quarter worth approximately $283,000. Institutional investors own 81.04% of the company’s stock.

Analysts Set New Price Targets

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

Safety Insurance Group Stock Up 0.2 %

Shares of Safety Insurance Group stock opened at $77.75 on Friday. The company’s fifty day simple moving average is $79.89 and its two-hundred day simple moving average is $81.88. Safety Insurance Group, Inc. has a 12-month low of $73.38 and a 12-month high of $90.00. The firm has a market cap of $1.15 billion, a PE ratio of 15.40 and a beta of 0.20.

Safety Insurance Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be paid a $0.90 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $3.60 annualized dividend and a dividend yield of 4.63%. Safety Insurance Group’s payout ratio 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.