Is Major Move Coming For Safety Insurance Group, Inc. (SAFT) After This Double Top?

December 7, 2017 - By Hazel Jackson

Investors sentiment decreased to 1.33 in Q2 2017. Its down 0.20, from 1.53 in 2017Q1. It is negative, as 13 investors sold Safety Insurance Group, Inc. shares while 39 reduced holdings. 15 funds opened positions while 54 raised stakes. 11.88 million shares or 0.54% less from 11.95 million shares in 2017Q1 were reported.
Ls Invest Advsrs Limited Company reported 535 shares. Magnetar Fincl Ltd Liability Corporation, Illinois-based fund reported 7,322 shares. Susquehanna Intll Group Llp holds 0% or 10,801 shares in its portfolio. Martingale Asset Mngmt Limited Partnership holds 51,011 shares or 0.05% of its portfolio. Millennium Ltd Liability Corporation reported 9,805 shares. Srb has invested 14.15% in Safety Insurance Group, Inc. (NASDAQ:SAFT). Sg Americas Secs Llc has invested 0% of its portfolio in Safety Insurance Group, Inc. (NASDAQ:SAFT). Great West Life Assurance Commerce Can has 0% invested in Safety Insurance Group, Inc. (NASDAQ:SAFT). Fernwood Invest Limited Liability Corporation stated it has 9,950 shares. Creative Planning invested in 0% or 1,220 shares. Prudential invested in 0% or 35,154 shares. Jnba Finance Advisors holds 0.01% in Safety Insurance Group, Inc. (NASDAQ:SAFT) or 750 shares. Cubic Asset Mgmt Limited Liability Co has 8,875 shares. Northern invested in 553,619 shares or 0.01% of the stock. Fifth Third Comml Bank stated it has 0% in Safety Insurance Group, Inc. (NASDAQ:SAFT).

The chart of Safety Insurance Group, Inc. (SAFT) shows a double top with $84.89 target or 5.00 % above today’s $80.85 share price. The 5 months chart pattern indicates low risk for the $1.23 billion company. It was reported on Dec, 7 by Finviz.com. If the $84.89 price target is reached, the company will be worth $61.55 million more. Double tops are rare but powerful chart patterns.

The stock increased 0.56% or $0.45 during the last trading session, reaching $80.85. About 38,391 shares traded. Safety Insurance Group, Inc. (NASDAQ:SAFT) has risen 13.34% since December 7, 2016 and is uptrending. It has underperformed by 3.36% the S&P500.

More important recent Safety Insurance Group, Inc. (NASDAQ:SAFT) news were published by: Nasdaq.com which released: “Safety Insurance Group, Inc. (SAFT) Ex-Dividend Date Scheduled for August 30, 2017” on August 29, 2017, also Nasdaq.com published article titled: “Safety Insurance Group, Inc. (SAFT) Ex-Dividend Date Scheduled for November 30 …”, Nasdaq.com published: “Ex-Dividend Reminder: Cathay General Bancorp, First Financial Bancorp and …” on November 28, 2017. More interesting news about Safety Insurance Group, Inc. (NASDAQ:SAFT) was released by: Fool.com and their article: “Safety Insurance Group Drives Safely Through the 4th Quarter” with publication date: February 23, 2017.

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