TimesSquare Capital Management LLC Purchases 89,561 Shares of 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 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 602,449 shares of the insurance provider’s stock after buying an additional 89,561 shares during the period. TimesSquare Capital Management LLC owned approximately 4.06% of Safety Insurance Group worth $49,642,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in SAFT. KBC Group NV increased its position in shares of 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. Robeco Institutional Asset Management B.V. bought a new position in shares of Safety Insurance Group in the third quarter worth $202,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Safety Insurance Group in the third quarter worth $213,000. Everence Capital Management Inc. bought a new position in shares of Safety Insurance Group in the third quarter worth $267,000. Finally, XTX Topco Ltd bought a new position in shares of Safety Insurance Group in the third quarter worth $283,000. Institutional investors own 81.04% of the company’s stock.

Wall Street Analysts Forecast Growth

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 Stock Performance

Shares of NASDAQ SAFT opened at $77.61 on Wednesday. The stock’s fifty day moving average is $80.28 and its 200 day moving average is $81.97. The stock has a market capitalization of $1.15 billion, a P/E ratio of 15.37 and a beta of 0.20. Safety Insurance Group, Inc. has a 52 week low of $73.38 and a 52 week high of $90.00.

Safety Insurance Group 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.