Amundi Buys 4,693 Shares of Safety Insurance Group, Inc. (NASDAQ:SAFT)

Amundi boosted its holdings in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) by 189.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,170 shares of the insurance provider’s stock after buying an additional 4,693 shares during the period. Amundi’s holdings in Safety Insurance Group were worth $576,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in SAFT. Quest Partners LLC acquired a new position in Safety Insurance Group during the 3rd quarter valued at about $379,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Safety Insurance Group by 1.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 233,023 shares of the insurance provider’s stock valued at $19,057,000 after purchasing an additional 4,263 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in shares of Safety Insurance Group in the third quarter valued at about $213,000. Martingale Asset Management L P increased its holdings in shares of Safety Insurance Group by 9.3% in the third quarter. Martingale Asset Management L P now owns 17,692 shares of the insurance provider’s stock valued at $1,447,000 after purchasing an additional 1,512 shares during the period. Finally, State Street Corp increased its holdings in shares of Safety Insurance Group by 0.5% in the third quarter. State Street Corp now owns 589,457 shares of the insurance provider’s stock valued at $48,206,000 after purchasing an additional 2,682 shares during the period. 81.04% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com lowered Safety Insurance Group from a “buy” rating to a “hold” rating in a report on Thursday, February 27th.

Safety Insurance Group Trading Down 0.3 %

Shares of SAFT stock opened at $77.13 on Friday. The company has a market capitalization of $1.14 billion, a P/E ratio of 15.27 and a beta of 0.13. The business’s 50 day moving average is $77.87 and its two-hundred day moving average is $81.07. Safety Insurance Group, Inc. has a 12-month low of $73.38 and a 12-month high of $90.00.

Safety Insurance Group (NASDAQ:SAFT) last announced its earnings results on Tuesday, February 25th. The insurance provider reported $0.94 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 firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.90 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $3.60 annualized dividend and a yield of 4.67%. Safety Insurance Group’s dividend payout ratio (DPR) is 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.