Janney Montgomery Scott LLC Has $331,000 Holdings in Safety Insurance Group, Inc. (NASDAQ:SAFT)

Janney Montgomery Scott LLC lessened its stake in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) by 4.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,011 shares of the insurance provider’s stock after selling 180 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Safety Insurance Group were worth $331,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of SAFT. Robeco Institutional Asset Management B.V. bought a new position in shares of Safety Insurance Group during the third quarter valued at $202,000. Dynamic Technology Lab Private Ltd bought a new position in Safety Insurance Group during the 3rd quarter valued at about $213,000. Everence Capital Management Inc. bought a new position in Safety Insurance Group during the 3rd quarter valued at about $267,000. XTX Topco Ltd acquired a new position in Safety Insurance Group in the third quarter valued at about $283,000. Finally, Creative Planning bought a new stake in Safety Insurance Group during the third quarter worth about $299,000. Institutional investors and hedge funds own 81.04% of the company’s stock.

Wall Street Analyst Weigh In

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

Safety Insurance Group Stock Performance

Safety Insurance Group stock opened at $78.72 on Wednesday. The business’s fifty day moving average is $81.06 and its two-hundred day moving average is $82.24. The firm has a market cap of $1.17 billion, a P/E ratio of 15.59 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.