Ameriprise Financial Inc. Has $4,195,000 Position in Safety Insurance Group Inc. (SAFT)
Ameriprise Financial Inc. increased its position in shares of Safety Insurance Group Inc. (NASDAQ:SAFT) by 4.5% during the second quarter, Holdings Channel reports. The firm owned 68,119 shares of the company’s stock after buying an additional 2,917 shares during the period. Ameriprise Financial Inc. owned 0.45% of Safety Insurance Group worth $4,195,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of SAFT. Stanley Laman Group Ltd. bought a new position in Safety Insurance Group during the second quarter worth $836,000. Navellier & Associates Inc bought a new position in Safety Insurance Group during the second quarter worth $228,000. Swiss National Bank increased its position in Safety Insurance Group by 13.3% in the second quarter. Swiss National Bank now owns 22,100 shares of the company’s stock worth $1,361,000 after buying an additional 2,600 shares during the period. Robeco Institutional Asset Management B.V. bought a new position in Safety Insurance Group during the second quarter worth $179,000. Finally, Capstone Asset Management Co. increased its position in Safety Insurance Group by 8.5% in the second quarter. Capstone Asset Management Co. now owns 4,856 shares of the company’s stock worth $299,000 after buying an additional 380 shares during the period. 79.33% of the stock is currently owned by institutional investors.
Shares of Safety Insurance Group Inc. (NASDAQ:SAFT) traded up 0.15% during mid-day trading on Tuesday, reaching $68.00. The company had a trading volume of 2,041 shares. The stock has a 50 day moving average of $67.01 and a 200-day moving average of $62.35. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 18.14 and a beta of 0.76. Safety Insurance Group Inc. has a one year low of $50.88 and a one year high of $68.90.
Safety Insurance Group (NASDAQ:SAFT) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.27. Safety Insurance Group had a net margin of 6.99% and a return on equity of 8.62%. Equities analysts predict that Safety Insurance Group Inc. will post $4.13 EPS for the current year.
Separately, Compass Point increased their price target on Safety Insurance Group from $58.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, August 5th.
In related news, Director David F. Brussard sold 20,000 shares of the business’s stock in a transaction on Friday, September 9th. The shares were sold at an average price of $66.66, for a total value of $1,333,200.00. Following the transaction, the director now owns 52,069 shares in the company, valued at $3,470,919.54. The transaction was disclosed in a document filed with the SEC, which is available through this link. 6.20% of the stock is currently owned by corporate insiders.
About Safety Insurance Group
Safety Insurance Group, Inc is a provider of personal lines property and casualty insurance focuses primarily on the Massachusetts market. The Company provides private passenger automobile insurance. In addition to private passenger automobile insurance, it offers a portfolio of property and casualty insurance products, including commercial automobile, homeowners, dwelling fire, umbrella and business owner policies.
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