XTX Topco Ltd Has $381,000 Holdings in Safety Insurance Group, Inc. (NASDAQ:SAFT)

XTX Topco Ltd lifted its position in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) by 33.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 4,623 shares of the insurance provider’s stock after purchasing an additional 1,164 shares during the period. XTX Topco Ltd’s holdings in Safety Insurance Group were worth $381,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of SAFT. TimesSquare Capital Management LLC increased its stake in Safety Insurance Group by 17.5% during the 4th quarter. TimesSquare Capital Management LLC now owns 602,449 shares of the insurance provider’s stock valued at $49,642,000 after purchasing an additional 89,561 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Safety Insurance Group by 0.7% during the third quarter. Geode Capital Management LLC now owns 355,390 shares of the insurance provider’s stock valued at $29,070,000 after buying an additional 2,435 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Safety Insurance Group by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 239,565 shares of the insurance provider’s stock worth $19,740,000 after acquiring an additional 6,542 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Safety Insurance Group by 46.4% in the 4th quarter. Bank of New York Mellon Corp now owns 219,960 shares of the insurance provider’s stock worth $18,125,000 after acquiring an additional 69,750 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Safety Insurance Group by 21.4% in the 4th quarter. JPMorgan Chase & Co. now owns 212,354 shares of the insurance provider’s stock valued at $17,498,000 after acquiring an additional 37,495 shares in the last quarter. 81.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Safety Insurance Group from a “buy” rating to a “hold” rating in a research report on Thursday, February 27th.

Safety Insurance Group Price Performance

NASDAQ SAFT opened at $77.08 on Wednesday. The company has a fifty day moving average price of $77.13 and a 200-day moving average price of $80.12. The firm has a market cap of $1.15 billion, a price-to-earnings ratio of 15.26 and a beta of 0.19. Safety Insurance Group, Inc. has a 1 year low of $70.71 and a 1 year high of $90.00.

Safety Insurance Group (NASDAQ:SAFT) last issued its quarterly earnings data on Tuesday, February 25th. The insurance provider reported $0.94 earnings per share (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 during the quarter.

Safety Insurance Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were issued a dividend of $0.90 per share. The ex-dividend date was Monday, March 3rd. This represents a $3.60 dividend on an annualized basis and a yield of 4.67%. Safety Insurance Group’s dividend payout ratio (DPR) is currently 75.47%.

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.