Dean Capital Management Has $452,000 Stock Holdings in Safety Insurance Group, Inc. $SAFT

Dean Capital Management trimmed its stake in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) by 51.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,395 shares of the insurance provider’s stock after selling 6,841 shares during the period. Dean Capital Management’s holdings in Safety Insurance Group were worth $452,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Exchange Traded Concepts LLC raised its holdings in Safety Insurance Group by 159.3% during the 3rd quarter. Exchange Traded Concepts LLC now owns 27,612 shares of the insurance provider’s stock worth $1,952,000 after buying an additional 16,964 shares during the period. Creative Planning boosted its holdings in shares of Safety Insurance Group by 289.2% in the second quarter. Creative Planning now owns 17,956 shares of the insurance provider’s stock worth $1,426,000 after buying an additional 13,342 shares during the period. Teacher Retirement System of Texas boosted its holdings in shares of Safety Insurance Group by 50.3% in the third quarter. Teacher Retirement System of Texas now owns 70,705 shares of the insurance provider’s stock worth $4,998,000 after buying an additional 23,671 shares during the period. CWM LLC increased its position in shares of Safety Insurance Group by 65.8% in the third quarter. CWM LLC now owns 19,822 shares of the insurance provider’s stock worth $1,401,000 after acquiring an additional 7,865 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Safety Insurance Group by 67.9% in the second quarter. JPMorgan Chase & Co. now owns 310,072 shares of the insurance provider’s stock worth $24,617,000 after acquiring an additional 125,398 shares in the last quarter. Institutional investors and hedge funds own 81.04% of the company’s stock.

Insiders Place Their Bets

In other Safety Insurance Group news, major shareholder Corp Srb sold 11,487 shares of the stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $78.36, for a total value of $900,121.32. Following the completion of the sale, the insider owned 1,821,510 shares in the company, valued at $142,733,523.60. This represents a 0.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last quarter, insiders have sold 20,954 shares of company stock valued at $1,634,265. 2.00% of the stock is currently owned by corporate insiders.

Safety Insurance Group Trading Up 1.6%

Shares of NASDAQ SAFT opened at $73.24 on Monday. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.06. Safety Insurance Group, Inc. has a one year low of $67.04 and a one year high of $84.20. The business has a 50-day moving average price of $76.87 and a two-hundred day moving average price of $74.84. The firm has a market capitalization of $1.07 billion, a PE ratio of 10.93 and a beta of 0.21.

Safety Insurance Group (NASDAQ:SAFT) last issued its earnings results on Wednesday, February 25th. The insurance provider reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.23. The company had revenue of $319.34 million for the quarter. Safety Insurance Group had a return on equity of 9.64% and a net margin of 7.85%.

Safety Insurance Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Monday, March 2nd were paid a $0.92 dividend. This represents a $3.68 annualized dividend and a yield of 5.0%. The ex-dividend date was Monday, March 2nd. Safety Insurance Group’s dividend payout ratio is currently 54.93%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Wall Street Zen upgraded shares of Safety Insurance Group from a “hold” rating to a “buy” rating in a research report on Saturday, February 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of Safety Insurance Group in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Safety Insurance Group currently has a consensus rating of “Hold”.

Safety Insurance Group Company Profile

Safety Insurance Group, Inc is a publicly traded property and casualty insurance holding company incorporated in Massachusetts in 1994. Its principal subsidiary, Safety Insurance Company, traces its roots back to 1923 and has since evolved into a regional personal lines insurer. The company is headquartered in Boston, Massachusetts, and trades on the Nasdaq under the symbol SAFT.

Safety Insurance Group focuses primarily on private passenger automobile and homeowners insurance products, along with dwelling fire, umbrella liability, and certain commercial auto coverages.