Parametric Portfolio Associates LLC Has $2.39 Million Stake in Safety Insurance Group, Inc. (SAFT)
Parametric Portfolio Associates LLC boosted its stake in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) by 5.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,105 shares of the insurance provider’s stock after buying an additional 1,629 shares during the period. Parametric Portfolio Associates LLC owned about 0.23% of Safety Insurance Group worth $2,391,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. State of Alaska Department of Revenue raised its position in Safety Insurance Group by 76.6% in the first quarter. State of Alaska Department of Revenue now owns 2,720 shares of the insurance provider’s stock valued at $190,000 after buying an additional 1,180 shares during the last quarter. TFS Capital LLC purchased a new position in Safety Insurance Group during the first quarter valued at $200,000. US Bancorp DE raised its position in Safety Insurance Group by 2.2% in the first quarter. US Bancorp DE now owns 4,694 shares of the insurance provider’s stock valued at $329,000 after buying an additional 100 shares during the last quarter. Highbridge Capital Management LLC purchased a new position in Safety Insurance Group during the fourth quarter valued at $373,000. Finally, A.R.T. Advisors LLC purchased a new position in Safety Insurance Group during the fourth quarter valued at $405,000. Institutional investors own 79.26% of the company’s stock.
Safety Insurance Group, Inc. (NASDAQ:SAFT) traded up 4.39% during midday trading on Thursday, hitting $73.65. 121,516 shares of the stock were exchanged. The firm has a 50 day moving average of $69.23 and a 200-day moving average of $69.90. Safety Insurance Group, Inc. has a 12-month low of $62.75 and a 12-month high of $75.05. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of 17.45 and a beta of 0.77.
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Separately, BidaskClub upgraded shares of Safety Insurance Group from a “sell” rating to a “hold” rating in a report on Saturday, June 10th.
About Safety Insurance Group
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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