Anchor Capital Advisors LLC Buys 268 Shares of Safety Insurance Group, Inc. (NASDAQ:SAFT)

Anchor Capital Advisors LLC lifted its stake in Safety Insurance Group, Inc. (NASDAQ:SAFT) by 1.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,890 shares of the insurance provider’s stock after purchasing an additional 268 shares during the quarter. Anchor Capital Advisors LLC’s holdings in Safety Insurance Group were worth $1,392,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. TimesSquare Capital Management LLC increased its stake in 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. State Street Corp increased its position in shares of Safety Insurance Group by 0.5% during the third quarter. State Street Corp now owns 589,457 shares of the insurance provider’s stock valued at $48,206,000 after acquiring an additional 2,682 shares in the last quarter. Geode Capital Management LLC raised its holdings in Safety Insurance Group by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 355,390 shares of the insurance provider’s stock worth $29,070,000 after acquiring an additional 2,435 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Safety Insurance Group by 1.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 233,023 shares of the insurance provider’s stock worth $19,057,000 after acquiring an additional 4,263 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Safety Insurance Group by 46.4% in 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 acquiring an additional 69,750 shares in the last quarter. Institutional investors own 81.04% of the company’s stock.

Analyst Upgrades and Downgrades

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

Safety Insurance Group Stock Performance

Shares of NASDAQ:SAFT opened at $76.14 on Friday. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 15.08 and a beta of 0.20. The business has a 50-day simple moving average of $79.22 and a two-hundred day simple moving average of $81.78. Safety Insurance Group, Inc. has a fifty-two week low of $73.38 and a fifty-two week high of $90.00.

Safety Insurance Group (NASDAQ:SAFT) last released its quarterly earnings data on Tuesday, February 25th. The insurance provider reported $0.94 earnings per share for the quarter, missing the consensus estimate of $1.17 by ($0.23). The company had revenue of $286.72 million for the quarter. Safety Insurance Group had a net margin of 6.86% and a return on equity of 6.35%.

Safety Insurance Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.90 per share. The ex-dividend date is Monday, March 3rd. This represents a $3.60 annualized dividend and a dividend yield of 4.73%. Safety Insurance Group’s payout ratio is 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.