Janney Montgomery Scott LLC Has $331,000 Holdings in Safety Insurance Group, Inc. (NASDAQ:SAFT)

Janney Montgomery Scott LLC decreased its stake in Safety Insurance Group, Inc. (NASDAQ:SAFT) by 4.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,011 shares of the insurance provider’s stock after selling 180 shares during the period. Janney Montgomery Scott LLC’s holdings in Safety Insurance Group were worth $331,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. TimesSquare Capital Management LLC grew its position in Safety Insurance Group by 12.6% in the 3rd quarter. TimesSquare Capital Management LLC now owns 512,888 shares of the insurance provider’s stock worth $41,944,000 after purchasing an additional 57,320 shares during the last quarter. Barclays PLC lifted its stake in shares of Safety Insurance Group by 348.8% in the third quarter. Barclays PLC now owns 24,430 shares of the insurance provider’s stock valued at $1,997,000 after buying an additional 18,987 shares during the period. International Assets Investment Management LLC grew its position in Safety Insurance Group by 8,078.0% during the third quarter. International Assets Investment Management LLC now owns 16,356 shares of the insurance provider’s stock worth $1,338,000 after buying an additional 16,156 shares in the last quarter. Jane Street Group LLC increased its stake in Safety Insurance Group by 57.4% during the third quarter. Jane Street Group LLC now owns 26,641 shares of the insurance provider’s stock valued at $2,179,000 after acquiring an additional 9,713 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in Safety Insurance Group by 5.8% during the third quarter. JPMorgan Chase & Co. now owns 174,859 shares of the insurance provider’s stock valued at $14,300,000 after acquiring an additional 9,531 shares during the period. Institutional investors own 81.04% of the company’s stock.

Wall Street Analyst Weigh In

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

Safety Insurance Group Price Performance

SAFT opened at $78.72 on Wednesday. The company has a market capitalization of $1.17 billion, a P/E ratio of 15.59 and a beta of 0.20. The firm’s fifty day moving average price is $81.06 and its two-hundred day moving average price is $82.24. Safety Insurance Group, Inc. has a fifty-two week low of $73.38 and a fifty-two week high of $90.00.

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.