Does This Provide a Reason to Buy Safety Insurance Group, Inc. (SAFT)? The Stock Has Formed Bullish Double Top Pattern

December 7, 2017 - By Linda Rogers

Investors sentiment decreased to 1.33 in 2017 Q2. Its down 0.20, from 1.53 in 2017Q1. It worsened, 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.
Prospector Prtn Ltd Liability Corp reported 28,300 shares. Stanley owns 24,634 shares. Rhumbline Advisers invested in 30,615 shares. Piedmont Invest Limited Co reported 0% stake. State Street, a Massachusetts-based fund reported 448,998 shares. Creative Planning accumulated 1,220 shares or 0% of the stock. Next Financial Grp accumulated 1,500 shares or 0% of the stock. Citigroup Inc holds 19,247 shares. Ubs Asset Mgmt Americas holds 0% or 4,929 shares in its portfolio. Pub Sector Pension Inv Board reported 0% stake. Manufacturers Life Insur The stated it has 0% of its portfolio in Safety Insurance Group, Inc. (NASDAQ:SAFT). 4,103 are owned by Peak6 Invests Limited Partnership. Dimensional Fund Advsr L P owns 0.04% invested in Safety Insurance Group, Inc. (NASDAQ:SAFT) for 1.28 million shares. Moreover, State Common Retirement Fund has 0% invested in Safety Insurance Group, Inc. (NASDAQ:SAFT). Sei Invests holds 0% or 1 shares in its portfolio.

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 November 30 …” on November 29, 2017, also Fool.com published article titled: “Safety Insurance Group Drives Safely Through the 4th Quarter”, 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: Nasdaq.com and their article: “Safety Insurance Group, Inc. (SAFT) Ex-Dividend Date Scheduled for August 30, 2017” with publication date: August 29, 2017.

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