Deutsche Bank AG Has $1.16 Million Holdings in Safety Insurance Group, Inc. (NASDAQ:SAFT)

Deutsche Bank AG raised its holdings in Safety Insurance Group, Inc. (NASDAQ:SAFT) by 58.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,027 shares of the insurance provider’s stock after buying an additional 5,202 shares during the period. Deutsche Bank AG owned about 0.09% of Safety Insurance Group worth $1,156,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Signaturefd LLC lifted its holdings in shares of Safety Insurance Group by 94.9% during the fourth quarter. Signaturefd LLC now owns 308 shares of the insurance provider’s stock worth $25,000 after buying an additional 150 shares in the last quarter. Naples Global Advisors LLC increased its position in Safety Insurance Group by 1.3% during the fourth quarter. Naples Global Advisors LLC now owns 17,373 shares of the insurance provider’s stock worth $1,432,000 after acquiring an additional 225 shares during the period. Anchor Capital Advisors LLC raised its stake in Safety Insurance Group by 1.6% in the 4th quarter. Anchor Capital Advisors LLC now owns 16,890 shares of the insurance provider’s stock worth $1,392,000 after purchasing an additional 268 shares in the last quarter. WINTON GROUP Ltd raised its stake in Safety Insurance Group by 2.3% in the 4th quarter. WINTON GROUP Ltd now owns 13,224 shares of the insurance provider’s stock worth $1,090,000 after purchasing an additional 293 shares in the last quarter. Finally, Martingale Asset Management L P boosted its holdings in Safety Insurance Group by 1.7% in the 4th quarter. Martingale Asset Management L P now owns 17,992 shares of the insurance provider’s stock valued at $1,483,000 after purchasing an additional 300 shares during the period. 81.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded Safety Insurance Group from a “hold” rating to a “buy” rating in a research note on Thursday.

Safety Insurance Group Trading Down 0.3%

SAFT stock opened at $81.62 on Monday. The firm has a 50-day moving average price of $78.18 and a 200-day moving average price of $79.87. Safety Insurance Group, Inc. has a 12 month low of $70.71 and a 12 month high of $90.00. The stock has a market capitalization of $1.22 billion, a P/E ratio of 16.16 and a beta of 0.22.

Safety Insurance Group (NASDAQ:SAFT) last announced its quarterly earnings results on Wednesday, May 7th. The insurance provider reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.03. The firm had revenue of $298.97 million during 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 company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, June 2nd will be paid a $0.90 dividend. The ex-dividend date is Monday, June 2nd. This represents a $3.60 annualized dividend and a dividend yield of 4.41%. Safety Insurance Group’s dividend payout ratio is presently 73.62%.

About Safety Insurance Group

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.