Dean Capital Management Reduces Stake in Safety Insurance Group

The investment firm lowered its position in the insurance provider by over 50% in the third quarter.

Mar. 16, 2026 at 9:52am

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According to a recent SEC filing, Dean Capital Management lowered its position in Safety Insurance Group, Inc. (NASDAQ:SAFT) by 51.7% during the third quarter. The institutional investor now owns 6,395 shares of the insurance provider's stock, worth $452,000 at the end of the quarter.

Why it matters

This reduction in Dean Capital Management's stake in Safety Insurance Group is noteworthy as it suggests a shift in the investment firm's portfolio allocation and confidence in the insurance provider's performance. Tracking changes in institutional ownership can provide insights into market sentiment and potential future stock price movements.

The details

Dean Capital Management sold 6,841 shares of Safety Insurance Group during the third quarter, reducing its total position to 6,395 shares. The insurance provider's stock price has fluctuated in recent quarters, with the share price ranging from around $78 to $84 over the past year.

  • Dean Capital Management filed its 13F report for the third quarter on 2026-03-16.

The players

Dean Capital Management

An institutional investment firm that manages a portfolio of securities, including a position in Safety Insurance Group.

Safety Insurance Group, Inc.

A publicly traded property and casualty insurance holding company headquartered in Boston, Massachusetts, and trading on the Nasdaq under the symbol SAFT.

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The takeaway

The reduction in Dean Capital Management's stake in Safety Insurance Group suggests a shift in the investment firm's portfolio allocation and confidence in the insurance provider's performance. Tracking changes in institutional ownership can provide insights into market sentiment and potential future stock price movements.