QS Investors LLC Has $301,000 Stake in Safety Insurance Group, Inc. (SAFT)

QS Investors LLC boosted its position in Safety Insurance Group, Inc. (NASDAQ:SAFT) by 45.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,403 shares of the insurance provider’s stock after buying an additional 1,367 shares during the quarter. QS Investors LLC’s holdings in Safety Insurance Group were worth $301,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Mason Street Advisors LLC increased its holdings in Safety Insurance Group by 7.0% in the first quarter. Mason Street Advisors LLC now owns 3,330 shares of the insurance provider’s stock valued at $233,000 after buying an additional 218 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in Safety Insurance Group by 46.3% in the second quarter. State of Alaska Department of Revenue now owns 3,979 shares of the insurance provider’s stock valued at $271,000 after buying an additional 1,259 shares during the last quarter. SG Americas Securities LLC increased its holdings in Safety Insurance Group by 58.0% in the first quarter. SG Americas Securities LLC now owns 4,708 shares of the insurance provider’s stock valued at $330,000 after buying an additional 1,728 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its holdings in Safety Insurance Group by 112.9% in the second quarter. Municipal Employees Retirement System of Michigan now owns 6,940 shares of the insurance provider’s stock valued at $474,000 after buying an additional 3,680 shares during the last quarter. Finally, OxFORD Asset Management LLP bought a new stake in Safety Insurance Group in the second quarter valued at about $507,000. 78.82% of the stock is owned by hedge funds and other institutional investors.

Shares of Safety Insurance Group, Inc. (SAFT) opened at 80.40 on Friday. Safety Insurance Group, Inc. has a one year low of $65.30 and a one year high of $83.30. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of 19.14 and a beta of 0.77. The company has a 50-day moving average price of $75.43 and a 200 day moving average price of $70.90.

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Several analysts recently weighed in on SAFT shares. Compass Point lowered Safety Insurance Group from a “neutral” rating to a “sell” rating in a report on Monday. BidaskClub lowered Safety Insurance Group from a “hold” rating to a “sell” rating in a report on Friday, June 23rd.

About Safety Insurance Group

Safety Insurance Group, Inc is a provider of private passenger automobile insurance. The Company offers a portfolio of property and casualty insurance products. The Company is engaged in property and casualty insurance operations. The Company’s product line includes private passenger automobile, commercial automobile, homeowners, business owners’ policies, personal umbrella, dwelling fire, commercial umbrella, inland marine and watercraft.

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Institutional Ownership by Quarter for Safety Insurance Group (NASDAQ:SAFT)

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