Coldstream Capital Management Inc. Acquires 2,345 Shares of Safety Insurance Group, Inc. (SAFT)

Coldstream Capital Management Inc. raised its position in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) by 47.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,263 shares of the company’s stock after buying an additional 2,345 shares during the period. Coldstream Capital Management Inc.’s holdings in Safety Insurance Group were worth $535,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. NEXT Financial Group Inc boosted its stake in shares of Safety Insurance Group by 6.7% in the third quarter. NEXT Financial Group Inc now owns 1,600 shares of the company’s stock worth $108,000 after buying an additional 100 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in shares of Safety Insurance Group by 28.5% in the second quarter. Teacher Retirement System of Texas now owns 2,015 shares of the company’s stock worth $124,000 after buying an additional 447 shares during the last quarter. Mason Street Advisors LLC acquired a new stake in shares of Safety Insurance Group during the second quarter worth approximately $170,000. Yorktown Management & Research Co Inc acquired a new stake in shares of Safety Insurance Group during the third quarter worth approximately $208,000. Finally, Municipal Employees Retirement System of Michigan boosted its stake in shares of Safety Insurance Group by 2.0% in the third quarter. Municipal Employees Retirement System of Michigan now owns 3,130 shares of the company’s stock worth $210,000 after buying an additional 60 shares during the last quarter. Institutional investors own 77.94% of the company’s stock.

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

Shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) traded up 1.67% during mid-day trading on Friday, hitting $73.10. 126,081 shares of the company were exchanged. The company has a market capitalization of $1.11 billion, a P/E ratio of 17.52 and a beta of 0.68. Safety Insurance Group, Inc. has a 52 week low of $54.33 and a 52 week high of $75.05. The company has a 50 day moving average of $72.66 and a 200 day moving average of $68.96.

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In other Safety Insurance Group news, Director Frederic H. Lindeberg sold 2,000 shares of the firm’s stock in a transaction dated Friday, December 2nd. The shares were sold at an average price of $70.77, for a total transaction of $141,540.00. Following the completion of the sale, the director now directly owns 21,000 shares in the company, valued at approximately $1,486,170. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 6.20% of the stock is currently owned by company 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.

5 Day Chart for NASDAQ:SAFT

Want to see what other hedge funds are holding SAFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Safety Insurance Group, Inc. (NASDAQ:SAFT).

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