Dean Capital Management Has $2.59 Million Stock Position in Safety Insurance Group, Inc. $SAFT

Dean Capital Management increased its stake in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) by 420.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 33,261 shares of the insurance provider’s stock after acquiring an additional 26,866 shares during the period. Safety Insurance Group comprises approximately 1.1% of Dean Capital Management’s investment portfolio, making the stock its 24th largest holding. Dean Capital Management owned 0.22% of Safety Insurance Group worth $2,591,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Allworth Financial LP increased its position in shares of Safety Insurance Group by 74.8% during the 4th quarter. Allworth Financial LP now owns 388 shares of the insurance provider’s stock worth $30,000 after purchasing an additional 166 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Safety Insurance Group by 62.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 416 shares of the insurance provider’s stock worth $32,000 after purchasing an additional 160 shares in the last quarter. Capital Advisors Ltd. LLC boosted its holdings in shares of Safety Insurance Group by 419.1% in the 4th quarter. Capital Advisors Ltd. LLC now owns 488 shares of the insurance provider’s stock valued at $38,000 after buying an additional 394 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Safety Insurance Group by 1,317.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 496 shares of the insurance provider’s stock valued at $39,000 after buying an additional 461 shares during the last quarter. Finally, Parallel Advisors LLC boosted its holdings in shares of Safety Insurance Group by 653.0% in the 4th quarter. Parallel Advisors LLC now owns 497 shares of the insurance provider’s stock valued at $39,000 after buying an additional 431 shares during the last quarter. 81.04% of the stock is owned by institutional investors and hedge funds.

Safety Insurance Group Trading Down 0.4%

Shares of NASDAQ:SAFT opened at $70.53 on Friday. Safety Insurance Group, Inc. has a 12-month low of $67.04 and a 12-month high of $81.49. The business has a 50 day moving average of $72.76 and a 200-day moving average of $75.07. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.06. The stock has a market cap of $1.04 billion, a PE ratio of 16.67 and a beta of 0.21.

Safety Insurance Group (NASDAQ:SAFT) last announced 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 firm 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%. As a group, equities research analysts forecast that Safety Insurance Group, Inc. will post 4.75 earnings per share for the current year.

Safety Insurance Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Shareholders 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 annualized dividend and a yield of 5.2%. Safety Insurance Group’s dividend payout ratio (DPR) is presently 87.00%.

Wall Street Analysts Forecast Growth

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

About Safety Insurance Group

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.