Dean Capital Management Sells 11,050 Shares of Safety Insurance Group, Inc. $SAFT

Dean Capital Management trimmed its holdings in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) by 33.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,211 shares of the insurance provider’s stock after selling 11,050 shares during the quarter. Dean Capital Management’s holdings in Safety Insurance Group were worth $1,613,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Safety Insurance Group by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 1,661,343 shares of the insurance provider’s stock valued at $129,435,000 after acquiring an additional 29,511 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Safety Insurance Group by 0.5% in the first quarter. Dimensional Fund Advisors LP now owns 711,806 shares of the insurance provider’s stock worth $51,708,000 after purchasing an additional 3,319 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Safety Insurance Group by 353.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 306,554 shares of the insurance provider’s stock worth $23,884,000 after purchasing an additional 238,946 shares during the last quarter. AQR Capital Management LLC increased its holdings in Safety Insurance Group by 62.6% in the fourth quarter. AQR Capital Management LLC now owns 304,724 shares of the insurance provider’s stock valued at $23,741,000 after purchasing an additional 117,261 shares during the period. Finally, Adage Capital Partners GP L.L.C. increased its holdings in Safety Insurance Group by 20.7% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 300,000 shares of the insurance provider’s stock valued at $23,373,000 after purchasing an additional 51,400 shares during the period. 81.04% of the stock is currently owned by institutional investors and hedge funds.

Safety Insurance Group Stock Performance

NASDAQ:SAFT opened at $103.20 on Monday. Safety Insurance Group, Inc. has a 52 week low of $67.04 and a 52 week high of $103.42. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.39 and a current ratio of 0.39. The firm’s fifty day moving average is $73.49 and its 200-day moving average is $74.75. The firm has a market cap of $1.51 billion, a P/E ratio of 24.40 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%. Equities analysts expect that Safety Insurance Group, Inc. will post 4.75 earnings per share for the current year.

Safety Insurance Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Monday, June 1st were issued a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Monday, June 1st. Safety Insurance Group’s dividend payout ratio is presently 87.00%.

Trending Headlines about Safety Insurance Group

Here are the key news stories impacting Safety Insurance Group this week:

• Positive Sentiment: Safety Insurance Group agreed to be acquired by Mapfre for $105 per share in cash, creating a strong premium and immediate takeover value for shareholders. Safety Insurance Group, Inc. Enters Into Merger Agreement With Mapfre for $1.54 Billion
• Positive Sentiment: The deal price has effectively become a valuation floor for SAFT, which typically pulls a stock up close to the acquisition value while the market waits for closing. Mapfre to Acquire Safety Insurance Group in Cash Deal
• Neutral Sentiment: Several shareholder law firms have announced investigations into whether the $105 cash price is fair, which could add legal noise but does not change the announced deal terms for now. Shareholder Alert: Ademi LLP investigates whether Safety Insurance Group, Inc. is obtaining a Fair Price for Public Shareholders
• Neutral Sentiment: Recent short-interest and insider-trading data do not appear to be driving the move; the stock reaction is primarily tied to the buyout announcement. Safety Insurance Group Jumps on $105-Per-Share Cash Buyout Deal

Analysts Set New Price Targets

Several brokerages recently issued reports on SAFT. Weiss Ratings raised Safety Insurance Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday. Zacks Research upgraded Safety Insurance Group to a “hold” rating in a research report on Wednesday, May 27th. Finally, Wall Street Zen upgraded Safety Insurance Group from a “sell” rating to a “hold” rating in a research report on Saturday, June 6th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Insider Buying and Selling

In other Safety Insurance Group news, major shareholder Corp Srb sold 34,272 shares of Safety Insurance Group stock in a transaction on Monday, July 13th. The shares were sold at an average price of $76.04, for a total value of $2,606,042.88. Following the completion of the sale, the insider directly owned 1,757,733 shares of the company’s stock, valued at approximately $133,658,017.32. The trade was a 1.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.20% of the company’s stock.

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.