Simplex Trading adds Safety Insurance Group (SAFT) to its portfolio

Safety Insurance Group (SAFT) : Simplex Trading added new position in Safety Insurance Group during the most recent quarter end. The investment management firm now holds 6,809 shares of Safety Insurance Group which is valued at $461,786 , the company said in a statement filed on Oct 7, 2016 with the SEC.Safety Insurance Group makes up approximately 0.06% of Simplex Trading’s portfolio.

Other Hedge Funds, Including , Bnp Paribas Arbitrage Sa reduced its stake in SAFT by selling 2,256 shares or 49.11% in the most recent quarter. The Hedge Fund company now holds 2,338 shares of SAFT which is valued at $156,085.

Safety Insurance Group opened for trading at $66.18 and hit $68.04 on the upside on Friday, eventually ending the session at $67.82, with a gain of 2.82% or 1.86 points. The heightened volatility saw the trading volume jump to 92,536 shares. Company has a market cap of $1,028 M.

Many Wall Street Analysts have commented on Safety Insurance Group. Company shares were Reiterated by Compass Point on Aug 5, 2016 to “Neutral”, Firm has raised the Price Target to $ 60 from a previous price target of $58 .

Safety Insurance Group Inc. is a provider of personal lines property and casualty insurance focused 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. The company operates in Massachusetts and New Hampshire through its insurance company subsidiaries Safety Insurance Company (Safety Insurance) Safety Indemnity Insurance Company (Safety Indemnity) and Safety Property and Casualty Insurance Company (Safety P&C).

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