Dean Capital Management Acquires 26,866 Shares of Safety Insurance Group, Inc. $SAFT

Dean Capital Management increased its holdings in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) by 420.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 33,261 shares of the insurance provider’s stock after acquiring an additional 26,866 shares during the quarter. Safety Insurance Group comprises about 1.1% of Dean Capital Management’s investment portfolio, making the stock its 24th largest holding. Dean Capital Management’s holdings in Safety Insurance Group were worth $2,591,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. TABR Capital Management LLC acquired a new stake in Safety Insurance Group during the fourth quarter worth approximately $2,935,000. Tudor Investment Corp ET AL raised its holdings in Safety Insurance Group by 285.7% in the 3rd quarter. Tudor Investment Corp ET AL now owns 28,204 shares of the insurance provider’s stock valued at $1,994,000 after acquiring an additional 20,892 shares in the last quarter. Teacher Retirement System of Texas raised its holdings in Safety Insurance Group by 18.5% in the 4th quarter. Teacher Retirement System of Texas now owns 83,787 shares of the insurance provider’s stock valued at $6,528,000 after acquiring an additional 13,082 shares in the last quarter. Vanguard Group Inc. raised its holdings in Safety Insurance Group by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 1,661,343 shares of the insurance provider’s stock valued at $129,435,000 after acquiring an additional 29,511 shares in the last quarter. Finally, Public Sector Pension Investment Board lifted its position in shares of Safety Insurance Group by 14.4% during the 3rd quarter. Public Sector Pension Investment Board now owns 58,098 shares of the insurance provider’s stock valued at $4,107,000 after acquiring an additional 7,326 shares during the period. Institutional investors and hedge funds own 81.04% of the company’s stock.

Safety Insurance Group Stock Performance

Shares of Safety Insurance Group stock opened at $70.53 on Friday. Safety Insurance Group, Inc. has a fifty-two week low of $67.04 and a fifty-two week high of $81.49. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.39 and a quick ratio of 0.39. The firm has a market capitalization of $1.04 billion, a P/E ratio of 16.67 and a beta of 0.21. The company’s 50 day moving average price is $72.76 and its two-hundred day moving average price is $75.07.

Safety Insurance Group (NASDAQ:SAFT) last posted its earnings results on Wednesday, May 6th. The insurance provider reported ($0.72) earnings per share for the quarter, missing analysts’ consensus estimates of $1.45 by ($2.17). The company had revenue of $314.67 million for the quarter, compared to the consensus estimate of $315.01 million. Safety Insurance Group had a return on equity of 6.31% and a net margin of 4.94%. On average, equities analysts forecast that Safety Insurance Group, Inc. will post 4.75 earnings per share for the current fiscal year.

Safety Insurance Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Monday, June 1st were given a dividend of $0.92 per share. The ex-dividend date was Monday, June 1st. This represents a $3.68 dividend on an annualized basis and a yield of 5.2%. Safety Insurance Group’s payout ratio is currently 87.00%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on SAFT shares. Wall Street Zen raised Safety Insurance Group from a “sell” rating to a “hold” rating in a report on Saturday, June 6th. Zacks Research raised Safety Insurance Group to a “hold” rating in a research note on Wednesday, May 27th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Safety Insurance Group in a research report on Friday, May 29th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Safety Insurance Group presently 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.