Comerica Bank boosted its stake in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) by 5.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,156 shares of the insurance provider’s stock after buying an additional 842 shares during the period. Comerica Bank owned 0.10% of Safety Insurance Group worth $1,094,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Bessemer Group Inc. boosted its position in shares of Safety Insurance Group by 3.0% in the fourth quarter. Bessemer Group Inc. now owns 20,600 shares of the insurance provider’s stock valued at $1,518,000 after buying an additional 600 shares during the last quarter. Russell Investments Group Ltd. bought a new position in shares of Safety Insurance Group during the fourth quarter valued at $865,000. Quantitative Systematic Strategies LLC boosted its position in Safety Insurance Group by 8.2% in the third quarter. Quantitative Systematic Strategies LLC now owns 7,085 shares of the insurance provider’s stock worth $473,000 after buying an additional 539 shares during the last quarter. Matarin Capital Management LLC acquired a new position in Safety Insurance Group during the third quarter worth approximately $4,151,000. Finally, Hancock Holding Co. boosted its position in Safety Insurance Group by 3.8% in the third quarter. Hancock Holding Co. now owns 13,760 shares of the insurance provider’s stock worth $925,000 after buying an additional 505 shares during the last quarter. 77.58% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) traded up 0.36% during midday trading on Friday, reaching $70.50. 25,875 shares of the company’s stock traded hands. The firm has a market cap of $1.07 billion, a PE ratio of 16.51 and a beta of 0.68. Safety Insurance Group, Inc. has a 12 month low of $54.60 and a 12 month high of $75.05. The stock has a 50-day moving average price of $69.84 and a 200 day moving average price of $70.65.
Safety Insurance Group (NASDAQ:SAFT) last issued its earnings results on Wednesday, February 22nd. The insurance provider reported $0.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.05. The firm earned $206.96 million during the quarter. Safety Insurance Group had a net margin of 7.73% and a return on equity of 9.43%. During the same quarter in the prior year, the company posted $0.69 EPS. Equities research analysts predict that Safety Insurance Group, Inc. will post $4.08 earnings per share for the current year.
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In other news, VP David E. Krupa sold 745 shares of the stock in a transaction on Friday, March 31st. The shares were sold at an average price of $69.30, for a total value of $51,628.50. Following the sale, the vice president now owns 22,925 shares of the company’s stock, valued at $1,588,702.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Peter J. Manning sold 1,500 shares of the stock in a transaction on Thursday, March 2nd. The shares were sold at an average price of $72.05, for a total transaction of $108,075.00. Following the completion of the sale, the director now directly owns 7,000 shares in the company, valued at approximately $504,350. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,237 shares of company stock worth $444,858. 6.20% of the stock is owned by insiders.
Safety Insurance Group Company Profile
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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