SG Americas Securities LLC Sells 1,576 Shares of Safety Insurance Group, Inc. (NASDAQ:SAFT)

SG Americas Securities LLC decreased its holdings in Safety Insurance Group, Inc. (NASDAQ:SAFT) by 35.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,880 shares of the insurance provider’s stock after selling 1,576 shares during the quarter. SG Americas Securities LLC’s holdings in Safety Insurance Group were worth $237,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its holdings in Safety Insurance Group by 5.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 174,859 shares of the insurance provider’s stock worth $14,300,000 after purchasing an additional 9,531 shares in the last quarter. Geode Capital Management LLC boosted its position in Safety Insurance Group by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 355,390 shares of the insurance provider’s stock valued at $29,070,000 after buying an additional 2,435 shares during the period. Barclays PLC grew its position in shares of Safety Insurance Group by 348.8% during the 3rd quarter. Barclays PLC now owns 24,430 shares of the insurance provider’s stock worth $1,997,000 after buying an additional 18,987 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in Safety Insurance Group during the third quarter valued at approximately $723,000. Finally, XTX Topco Ltd bought a new position in Safety Insurance Group in the third quarter worth about $283,000. 81.04% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Safety Insurance Group from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th.

Safety Insurance Group Trading Up 0.0 %

NASDAQ SAFT opened at $79.28 on Friday. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 15.70 and a beta of 0.20. The stock has a 50-day moving average of $81.49 and a 200 day moving average of $82.40. Safety Insurance Group, Inc. has a twelve month low of $73.38 and a twelve month high of $90.00.

Safety Insurance Group (NASDAQ:SAFT) last released its earnings results on Tuesday, November 5th. The insurance provider reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.30). The business had revenue of $295.28 million during the quarter. Safety Insurance Group had a return on equity of 6.35% and a net margin of 6.86%.

Safety Insurance Group Profile

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.