Fmr LLC Has $53,000 Stock Position in Safety Insurance Group, Inc. (NASDAQ:SAFT)

Fmr LLC lessened its position in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) by 88.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 645 shares of the insurance provider’s stock after selling 4,756 shares during the quarter. Fmr LLC’s holdings in Safety Insurance Group were worth $53,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Robeco Institutional Asset Management B.V. bought a new position in shares of Safety Insurance Group during the 3rd quarter worth about $202,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Safety Insurance Group in the 3rd quarter valued at approximately $213,000. Everence Capital Management Inc. acquired a new position in shares of Safety Insurance Group in the 3rd quarter worth approximately $267,000. Creative Planning bought a new position in shares of Safety Insurance Group during the 3rd quarter worth approximately $299,000. Finally, Inspire Investing LLC grew its position in Safety Insurance Group by 7.4% in the second quarter. Inspire Investing LLC now owns 4,658 shares of the insurance provider’s stock valued at $349,000 after acquiring an additional 319 shares during the period. 81.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Safety Insurance Group from a “hold” rating to a “buy” rating in a report on Thursday, November 14th.

Safety Insurance Group Trading Up 0.8 %

Shares of Safety Insurance Group stock opened at $81.88 on Wednesday. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of 16.21 and a beta of 0.19. The firm’s 50-day moving average price is $83.44 and its two-hundred day moving average price is $81.81. Safety Insurance Group, Inc. has a 1-year low of $71.99 and a 1-year high of $90.00.

Safety Insurance Group (NASDAQ:SAFT) last released its quarterly earnings results on Tuesday, November 5th. The insurance provider reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.30). Safety Insurance Group had a return on equity of 6.35% and a net margin of 6.86%. The business had revenue of $295.28 million for the quarter.

Safety Insurance Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, December 2nd were paid a $0.90 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.40%. Safety Insurance Group’s dividend payout ratio (DPR) is presently 71.29%.

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.