Safety Insurance Group, Inc. (NASDAQ:SAFT) Short Interest Down 39.5% in February

Safety Insurance Group, Inc. (NASDAQ:SAFT) was the recipient of a significant decrease in short interest during the month of February. As of February 15th, there was short interest totalling 79,900 shares, a decrease of 39.5% from the January 31st total of 132,000 shares. Based on an average trading volume of 55,800 shares, the short-interest ratio is presently 1.4 days. Approximately 0.6% of the company’s shares are sold short.

Safety Insurance Group Stock Up 0.4 %

Shares of SAFT traded up $0.33 during mid-day trading on Monday, hitting $76.47. 63,646 shares of the company’s stock traded hands, compared to its average volume of 47,596. The firm has a market capitalization of $1.13 billion, a P/E ratio of 15.14 and a beta of 0.20. The business’s 50-day moving average price is $79.12 and its 200-day moving average price is $81.78. Safety Insurance Group has a 1 year low of $73.38 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 net margin of 6.86% and a return on equity of 6.35%. The company had revenue of $286.72 million for the quarter.

Safety Insurance Group Dividend Announcement

The business 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 annualized dividend and a yield of 4.71%. Safety Insurance Group’s dividend payout ratio (DPR) is presently 75.47%.

Institutional Trading of Safety Insurance Group

Several large investors have recently bought and sold shares of SAFT. Creative Planning purchased a new position in shares of Safety Insurance Group in the 3rd quarter valued at approximately $299,000. International Assets Investment Management LLC raised its holdings 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 purchasing an additional 16,156 shares in the last quarter. Robeco Institutional Asset Management B.V. purchased a new position in Safety Insurance Group during the third quarter valued at $202,000. TimesSquare Capital Management LLC boosted its holdings in shares of Safety Insurance Group by 12.6% during the 3rd quarter. TimesSquare Capital Management LLC now owns 512,888 shares of the insurance provider’s stock valued at $41,944,000 after buying an additional 57,320 shares in the last quarter. Finally, Quest Partners LLC purchased a new stake in shares of Safety Insurance Group in the 3rd quarter worth about $379,000. 81.04% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

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.