Legato Capital Management LLC Lowers Position in Safety Insurance Group, Inc. (NASDAQ:SAFT)

Legato Capital Management LLC decreased its position in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) by 37.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 4,803 shares of the insurance provider’s stock after selling 2,828 shares during the period. Legato Capital Management LLC’s holdings in Safety Insurance Group were worth $396,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. KBC Group NV grew its stake in Safety Insurance Group by 52.2% in the fourth quarter. KBC Group NV now owns 1,000 shares of the insurance provider’s stock worth $82,000 after purchasing an additional 343 shares during the period. Exchange Traded Concepts LLC increased its stake in shares of Safety Insurance Group by 4.3% in the 4th quarter. Exchange Traded Concepts LLC now owns 21,156 shares of the insurance provider’s stock worth $1,743,000 after acquiring an additional 865 shares in the last quarter. Martingale Asset Management L P increased its stake in shares of Safety Insurance Group by 9.3% in the 3rd quarter. Martingale Asset Management L P now owns 17,692 shares of the insurance provider’s stock worth $1,447,000 after acquiring an additional 1,512 shares in the last quarter. Mitsubishi UFJ Asset Management UK Ltd. lifted its position in Safety Insurance Group by 17.4% during the 3rd quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 13,500 shares of the insurance provider’s stock valued at $1,104,000 after acquiring an additional 2,000 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Safety Insurance Group by 0.7% in the third quarter. Geode Capital Management LLC now owns 355,390 shares of the insurance provider’s stock worth $29,070,000 after purchasing an additional 2,435 shares during the period. Institutional investors own 81.04% of the company’s stock.

Analyst Ratings Changes

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

Safety Insurance Group Trading Down 1.0 %

NASDAQ SAFT opened at $77.96 on Friday. The stock’s fifty day moving average price is $80.60 and its 200-day moving average price is $82.12. The stock has a market cap of $1.16 billion, a P/E ratio of 15.44 and a beta of 0.20. Safety Insurance Group, Inc. has a 12 month low of $73.38 and a 12 month high of $90.00.

Safety Insurance Group Company 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.