Safety Insurance Group, Inc. (NASDAQ:SAFT) Shares Sold by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. reduced its position in Safety Insurance Group, Inc. (NASDAQ:SAFT) by 3.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,856 shares of the insurance provider’s stock after selling 481 shares during the quarter. Raymond James Financial Services Advisors Inc. owned about 0.08% of Safety Insurance Group worth $980,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. SRB Corp boosted its holdings in shares of Safety Insurance Group by 2.3% in the first quarter. SRB Corp now owns 1,582,095 shares of the insurance provider’s stock valued at $133,576,000 after acquiring an additional 35,562 shares during the period. State Street Corp boosted its holdings in shares of Safety Insurance Group by 6.9% in the first quarter. State Street Corp now owns 528,793 shares of the insurance provider’s stock valued at $44,646,000 after acquiring an additional 34,062 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Safety Insurance Group by 2.7% in the first quarter. Bank of New York Mellon Corp now owns 375,098 shares of the insurance provider’s stock valued at $31,671,000 after acquiring an additional 9,738 shares during the period. Norges Bank acquired a new stake in shares of Safety Insurance Group in the fourth quarter valued at approximately $30,390,000. Finally, Geode Capital Management LLC boosted its holdings in shares of Safety Insurance Group by 6.2% in the first quarter. Geode Capital Management LLC now owns 221,031 shares of the insurance provider’s stock valued at $18,661,000 after acquiring an additional 12,924 shares during the period. 80.44% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have recently weighed in on the company. BidaskClub downgraded Safety Insurance Group from a “hold” rating to a “sell” rating in a report on Saturday, July 25th. TheStreet downgraded Safety Insurance Group from a “b” rating to a “c+” rating in a report on Wednesday, May 6th.

Shares of NASDAQ SAFT opened at $75.67 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.37 and a quick ratio of 0.37. The stock has a fifty day moving average price of $75.67 and a 200 day moving average price of $81.43. Safety Insurance Group, Inc. has a 1-year low of $65.45 and a 1-year high of $103.96. The company has a market cap of $1.16 billion, a PE ratio of 17.28 and a beta of 0.37.

Safety Insurance Group (NASDAQ:SAFT) last issued its quarterly earnings results on Wednesday, May 6th. The insurance provider reported $1.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.35 by $0.22. Safety Insurance Group had a return on equity of 10.71% and a net margin of 8.09%. The firm had revenue of $181.04 million during the quarter.

Safety Insurance Group Profile

Safety Insurance Group, Inc provides private passenger and commercial automobile insurance in Massachusetts, New Hampshire, and Maine, 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.

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

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