JPMorgan Chase & Co. Increases Holdings in Safety Insurance Group, Inc. (NASDAQ:SAFT)

JPMorgan Chase & Co. grew its holdings in Safety Insurance Group, Inc. (NASDAQ:SAFT) by 5.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 174,859 shares of the insurance provider’s stock after buying an additional 9,531 shares during the quarter. JPMorgan Chase & Co. owned approximately 1.18% of Safety Insurance Group worth $14,300,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Geode Capital Management LLC lifted its stake in Safety Insurance Group by 0.7% in the third quarter. Geode Capital Management LLC now owns 355,390 shares of the insurance provider’s stock worth $29,070,000 after acquiring an additional 2,435 shares during the period. Barclays PLC raised its holdings in Safety Insurance Group by 348.8% in the 3rd quarter. Barclays PLC now owns 24,430 shares of the insurance provider’s stock worth $1,997,000 after purchasing an additional 18,987 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of Safety Insurance Group in the 3rd quarter worth about $723,000. XTX Topco Ltd bought a new stake in shares of Safety Insurance Group during the 3rd quarter valued at about $283,000. Finally, Jane Street Group LLC increased its position in shares of Safety Insurance Group by 57.4% during the third quarter. Jane Street Group LLC now owns 26,641 shares of the insurance provider’s stock valued at $2,179,000 after buying an additional 9,713 shares during the period. 81.04% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Safety Insurance Group Stock Down 3.0 %

NASDAQ SAFT opened at $77.91 on Friday. The firm has a market capitalization of $1.16 billion, a PE ratio of 15.43 and a beta of 0.20. The stock’s 50 day moving average is $83.66 and its 200 day moving average is $82.30. Safety Insurance Group, Inc. has a twelve month low of $71.99 and a twelve month high of $90.00.

Safety Insurance Group (NASDAQ:SAFT) last announced its 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). The business had revenue of $295.28 million for the quarter. Safety Insurance Group had a net margin of 6.86% and a return on equity of 6.35%.

Safety Insurance Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, December 2nd were paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.62%. The ex-dividend date was Monday, December 2nd. Safety Insurance Group’s dividend payout ratio is 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.