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.
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.
COPYRIGHT VIOLATION NOTICE: This piece was originally reported by sleekmoney and is the property of of sleekmoney. If you are accessing this piece on another publication, it was illegally stolen and reposted in violation of United States and international trademark and copyright law. The correct version of this piece can be accessed at http://sleekmoney.com/coldstream-capital-management-inc-acquires-2345-shares-of-safety-insurance-group-inc-saft/1655038.html.
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.
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).
This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/coldstream-capital-management-inc-acquires-2345-shares-of-safety-insurance-group-inc-saft/1655038.html
Receive News & Ratings for Safety Insurance Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Safety Insurance Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.