EntryPoint Capital LLC Acquires New Shares in Safety Insurance Group, Inc. (NASDAQ:SAFT)

EntryPoint Capital LLC bought a new position in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,687 shares of the insurance provider’s stock, valued at approximately $304,000.

Several other institutional investors also recently bought and sold shares of SAFT. Signaturefd LLC boosted its stake in shares of Safety Insurance Group by 94.9% during the 4th quarter. Signaturefd LLC now owns 308 shares of the insurance provider’s stock worth $25,000 after acquiring an additional 150 shares in the last quarter. KBC Group NV lifted its holdings in Safety Insurance Group by 52.2% in the 4th 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. Dynamic Technology Lab Private Ltd bought a new stake in Safety Insurance Group during the third quarter worth approximately $213,000. Ieq Capital LLC acquired a new position in Safety Insurance Group during the fourth quarter valued at approximately $279,000. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Safety Insurance Group in the fourth quarter valued at approximately $280,000. 81.04% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Safety Insurance Group Price Performance

SAFT stock opened at $79.54 on Friday. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 15.75 and a beta of 0.13. The company has a 50-day moving average of $77.80 and a two-hundred day moving average of $80.82. Safety Insurance Group, Inc. has a 52-week low of $73.38 and a 52-week high of $90.00.

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

Safety Insurance Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were paid a $0.90 dividend. The ex-dividend date was Monday, March 3rd. This represents a $3.60 annualized dividend and a dividend yield of 4.53%. Safety Insurance Group’s payout ratio is 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.