Abbot Financial Management Inc. Sells 229 Shares of Safety Insurance Group, Inc. (NASDAQ:SAFT)

Abbot Financial Management Inc. reduced its position in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) by 3.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 6,373 shares of the insurance provider’s stock after selling 229 shares during the quarter. Abbot Financial Management Inc.’s holdings in Safety Insurance Group were worth $525,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. TimesSquare Capital Management LLC lifted its position in Safety Insurance Group by 17.5% during the fourth 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 during the last quarter. Bank of New York Mellon Corp lifted 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 valued at $18,125,000 after acquiring an additional 69,750 shares during the last quarter. Barclays PLC lifted its holdings in shares of Safety Insurance Group by 348.8% in the 3rd quarter. Barclays PLC now owns 24,430 shares of the insurance provider’s stock valued at $1,997,000 after acquiring an additional 18,987 shares during the last quarter. International Assets Investment Management LLC grew its position in Safety Insurance Group by 8,078.0% in the third quarter. International Assets Investment Management LLC now owns 16,356 shares of the insurance provider’s stock worth $1,338,000 after acquiring an additional 16,156 shares in the last quarter. Finally, Jane Street Group LLC increased its stake in 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 worth $2,179,000 after acquiring an additional 9,713 shares during the last quarter. 81.04% of the stock is owned by hedge funds and other institutional investors.

Safety Insurance Group Stock Down 1.4 %

SAFT stock opened at $75.43 on Wednesday. Safety Insurance Group, Inc. has a twelve month low of $73.38 and a twelve month high of $90.00. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 14.94 and a beta of 0.20. The firm’s fifty day simple moving average is $78.99 and its two-hundred day simple moving average is $81.73.

Safety Insurance Group (NASDAQ:SAFT) last announced its quarterly earnings data on Tuesday, February 25th. The insurance provider reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.90 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $3.60 annualized dividend and a dividend yield of 4.77%. Safety Insurance Group’s dividend payout ratio (DPR) is 75.47%.

Wall Street Analysts Forecast Growth

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