Anchor Capital Advisors LLC Purchases 268 Shares of Safety Insurance Group, Inc. (NASDAQ:SAFT)

Anchor Capital Advisors LLC boosted its position in Safety Insurance Group, Inc. (NASDAQ:SAFT) by 1.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 16,890 shares of the insurance provider’s stock after acquiring an additional 268 shares during the period. Anchor Capital Advisors LLC owned 0.11% of Safety Insurance Group worth $1,392,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. KBC Group NV grew its stake in shares of 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 purchasing an additional 343 shares during the last quarter. Robeco Institutional Asset Management B.V. bought a new stake in shares of Safety Insurance Group in the 3rd quarter worth approximately $202,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Safety Insurance Group in the 3rd quarter worth approximately $213,000. Ieq Capital LLC purchased a new position in shares of Safety Insurance Group during the fourth quarter valued at approximately $279,000. Finally, XTX Topco Ltd bought a new position in shares of Safety Insurance Group during the third quarter valued at approximately $283,000. Hedge funds and other institutional investors own 81.04% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Safety Insurance Group from a “buy” rating to a “hold” rating in a research report on Thursday.

Safety Insurance Group Price Performance

Shares of NASDAQ SAFT opened at $76.14 on Friday. Safety Insurance Group, Inc. has a 1 year low of $73.38 and a 1 year high of $90.00. The company’s 50-day moving average is $79.22 and its 200 day moving average is $81.78. The stock has a market capitalization of $1.13 billion, a P/E ratio of 15.08 and a beta of 0.20.

Safety Insurance Group (NASDAQ:SAFT) last posted its earnings results on Tuesday, February 25th. The insurance provider reported $0.94 earnings per share for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.23). The firm had revenue of $286.72 million for the quarter. Safety Insurance Group had a return on equity of 6.35% and a net margin of 6.86%.

Safety Insurance Group Announces Dividend

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

About Safety Insurance Group

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.