American Century Companies Inc. Acquires 344 Shares of Safety Insurance Group, Inc. (NASDAQ:SAFT)

American Century Companies Inc. lifted its stake in Safety Insurance Group, Inc. (NASDAQ:SAFT) by 0.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 67,475 shares of the insurance provider’s stock after acquiring an additional 344 shares during the quarter. American Century Companies Inc. owned approximately 0.45% of Safety Insurance Group worth $5,560,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of SAFT. Charles Schwab Investment Management Inc. increased its holdings in Safety Insurance Group by 1.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 233,023 shares of the insurance provider’s stock worth $19,057,000 after buying an additional 4,263 shares during the last quarter. State Street Corp increased its stake in shares of Safety Insurance Group by 0.5% during the 3rd quarter. State Street Corp now owns 589,457 shares of the insurance provider’s stock worth $48,206,000 after purchasing an additional 2,682 shares during the last quarter. Jane Street Group LLC raised its holdings in shares of Safety Insurance Group by 57.4% in the 3rd quarter. Jane Street Group LLC now owns 26,641 shares of the insurance provider’s stock valued at $2,179,000 after purchasing an additional 9,713 shares during the period. XTX Topco Ltd acquired a new stake in Safety Insurance Group in the 3rd quarter valued at about $283,000. Finally, Y Intercept Hong Kong Ltd bought a new position in Safety Insurance Group during the third quarter worth about $723,000. Institutional investors and hedge funds own 81.04% of the company’s stock.

Safety Insurance Group Price Performance

Shares of Safety Insurance Group stock opened at $76.24 on Friday. The business has a fifty day simple moving average of $77.87 and a two-hundred day simple moving average of $80.69. Safety Insurance Group, Inc. has a 1 year low of $73.38 and a 1 year high of $90.00. The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of 15.10 and a beta of 0.13.

Safety Insurance Group (NASDAQ:SAFT) last posted its earnings results 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 return on equity of 6.35% and a net margin of 6.86%. The company had revenue of $286.72 million for the quarter.

Safety Insurance Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were given a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 4.72%. The ex-dividend date was Monday, March 3rd. Safety Insurance Group’s payout ratio is 75.47%.

Wall Street Analysts Forecast Growth

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

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.