TimesSquare Capital Management LLC Has $49.64 Million Stock Holdings in Safety Insurance Group, Inc. (NASDAQ:SAFT)

TimesSquare Capital Management LLC grew its position in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) by 17.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 602,449 shares of the insurance provider’s stock after purchasing an additional 89,561 shares during the quarter. TimesSquare Capital Management LLC’s holdings in Safety Insurance Group were worth $49,642,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Principal Financial Group Inc. boosted its stake in shares of Safety Insurance Group by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 71,952 shares of the insurance provider’s stock valued at $5,929,000 after purchasing an additional 2,022 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of Safety Insurance Group by 0.9% during the fourth quarter. Rhumbline Advisers now owns 46,207 shares of the insurance provider’s stock valued at $3,807,000 after purchasing an additional 413 shares in the last quarter. Naples Global Advisors LLC boosted its stake in shares of Safety Insurance Group by 1.3% during the fourth quarter. Naples Global Advisors LLC now owns 17,373 shares of the insurance provider’s stock valued at $1,432,000 after purchasing an additional 225 shares in the last quarter. KBC Group NV boosted its stake in shares of Safety Insurance Group by 52.2% during the fourth quarter. KBC Group NV now owns 1,000 shares of the insurance provider’s stock valued at $82,000 after purchasing an additional 343 shares in the last quarter. Finally, Exchange Traded Concepts LLC boosted its stake in shares of Safety Insurance Group by 4.3% during the fourth quarter. Exchange Traded Concepts LLC now owns 21,156 shares of the insurance provider’s stock valued at $1,743,000 after purchasing an additional 865 shares in the last quarter. 81.04% of the stock is owned by institutional investors and hedge funds.

Safety Insurance Group Price Performance

Shares of SAFT opened at $77.61 on Wednesday. Safety Insurance Group, Inc. has a 1 year low of $73.38 and a 1 year high of $90.00. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 15.37 and a beta of 0.20. The business has a 50-day moving average of $80.28 and a 200-day moving average of $81.97.

Analyst Ratings Changes

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

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.