Wells Fargo & Company MN Has $3.51 Million Stake in Safety Insurance Group, Inc. (SAFT)

Wells Fargo & Company MN raised its stake in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) by 3.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 51,448 shares of the insurance provider’s stock after buying an additional 1,926 shares during the quarter. Wells Fargo & Company MN owned about 0.34% of Safety Insurance Group worth $3,514,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of SAFT. BlackRock Inc. grew its holdings in shares of Safety Insurance Group by 35,898.7% during the first quarter. BlackRock Inc. now owns 1,465,146 shares of the insurance provider’s stock worth $102,706,000 after purchasing an additional 1,461,076 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Safety Insurance Group by 6.0% during the first quarter. Vanguard Group Inc. now owns 1,338,378 shares of the insurance provider’s stock worth $93,821,000 after purchasing an additional 75,812 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Safety Insurance Group by 1.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,272,944 shares of the insurance provider’s stock worth $89,233,000 after purchasing an additional 20,774 shares in the last quarter. State Street Corp grew its holdings in shares of Safety Insurance Group by 23.1% during the first quarter. State Street Corp now owns 429,859 shares of the insurance provider’s stock worth $30,126,000 after purchasing an additional 80,753 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its holdings in shares of Safety Insurance Group by 3.5% during the second quarter. Robeco Institutional Asset Management B.V. now owns 341,225 shares of the insurance provider’s stock worth $23,306,000 after purchasing an additional 11,673 shares in the last quarter. 78.87% of the stock is owned by institutional investors and hedge funds.

Several brokerages have recently commented on SAFT. Compass Point lowered Safety Insurance Group from a “neutral” rating to a “sell” rating in a report on Monday, October 16th. BidaskClub upgraded Safety Insurance Group from a “sell” rating to a “hold” rating in a research report on Friday, June 30th.

Shares of Safety Insurance Group, Inc. (NASDAQ SAFT) opened at 80.25 on Friday. The company has a market cap of $1.22 billion, a P/E ratio of 19.10 and a beta of 0.77. Safety Insurance Group, Inc. has a 12 month low of $65.30 and a 12 month high of $83.30. The firm has a 50-day moving average price of $76.39 and a 200 day moving average price of $71.25.

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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.

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

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