Safety Insurance Group, Inc. (NASDAQ:SAFT) Short Interest Up 32.5% in March

Safety Insurance Group, Inc. (NASDAQ:SAFT) was the target of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 99,900 shares, an increase of 32.5% from the February 28th total of 75,400 shares. Based on an average daily trading volume, of 58,100 shares, the short-interest ratio is presently 1.7 days. Currently, 0.7% of the company’s shares are sold short.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Safety Insurance Group from a “buy” rating to a “hold” rating in a research note on Thursday, February 27th.

Institutional Investors Weigh In On Safety Insurance Group

Several institutional investors have recently added to or reduced their stakes in the stock. Signaturefd LLC boosted its holdings in Safety Insurance Group by 94.9% during the fourth quarter. Signaturefd LLC now owns 308 shares of the insurance provider’s stock worth $25,000 after purchasing an additional 150 shares during the last quarter. Naples Global Advisors LLC increased its stake in shares of Safety Insurance Group by 1.3% during the fourth quarter. Naples Global Advisors LLC now owns 17,373 shares of the insurance provider’s stock worth $1,432,000 after purchasing an additional 225 shares during the period. Anchor Capital Advisors LLC lifted its holdings in shares of Safety Insurance Group by 1.6% during the fourth quarter. Anchor Capital Advisors LLC now owns 16,890 shares of the insurance provider’s stock worth $1,392,000 after buying an additional 268 shares in the last quarter. WINTON GROUP Ltd boosted its position in shares of Safety Insurance Group by 2.3% in the fourth quarter. WINTON GROUP Ltd now owns 13,224 shares of the insurance provider’s stock valued at $1,090,000 after acquiring an additional 293 shares during the period. Finally, Martingale Asset Management L P grew its stake in shares of Safety Insurance Group by 1.7% in the fourth quarter. Martingale Asset Management L P now owns 17,992 shares of the insurance provider’s stock valued at $1,483,000 after acquiring an additional 300 shares in the last quarter. 81.04% of the stock is owned by institutional investors.

Safety Insurance Group Stock Up 0.1 %

Shares of Safety Insurance Group stock traded up $0.09 during trading on Monday, reaching $79.25. 7,726 shares of the company were exchanged, compared to its average volume of 52,461. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 15.72 and a beta of 0.13. Safety Insurance Group has a twelve month low of $73.38 and a twelve month high of $90.00. The business has a 50-day moving average price of $77.80 and a 200-day moving average price of $80.78.

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

Safety Insurance Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 4.54%. The ex-dividend date was Monday, March 3rd. Safety Insurance Group’s payout ratio is currently 75.47%.

Safety Insurance Group Company 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.