AlphaQuest LLC Boosts Stock Position in Safety Insurance Group, Inc. (NASDAQ:SAFT)

AlphaQuest LLC grew its stake in Safety Insurance Group, Inc. (NASDAQ:SAFT) by 89.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,751 shares of the insurance provider’s stock after purchasing an additional 4,122 shares during the period. AlphaQuest LLC owned approximately 0.06% of Safety Insurance Group worth $721,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in SAFT. KBC Group NV grew its position in Safety Insurance Group by 52.2% in the fourth quarter. KBC Group NV now owns 1,000 shares of the insurance provider’s stock worth $82,000 after acquiring an additional 343 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in Safety Insurance Group in the third quarter worth approximately $213,000. Ieq Capital LLC purchased a new position in Safety Insurance Group in the fourth quarter worth approximately $279,000. XTX Topco Ltd purchased a new position in Safety Insurance Group in the third quarter worth approximately $283,000. Finally, Inceptionr LLC purchased a new position in Safety Insurance Group in the fourth quarter worth approximately $295,000. 81.04% of the stock is currently owned by hedge funds and other institutional investors.

Safety Insurance Group Stock Performance

Shares of Safety Insurance Group stock opened at $76.16 on Wednesday. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of 15.08 and a beta of 0.13. Safety Insurance Group, Inc. has a fifty-two week low of $73.38 and a fifty-two week high of $90.00. The stock has a 50 day moving average of $78.38 and a 200 day moving average of $81.47.

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

Safety Insurance Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 4.73%. The ex-dividend date of this dividend is Monday, March 3rd. Safety Insurance Group’s dividend payout ratio (DPR) is 75.47%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Safety Insurance Group from a “buy” rating to a “hold” rating in a research report 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.