Victory Capital Amends Safety Insurance Group Stake

TL;DR

**Victory Capital Management still owns Safety Insurance Group shares, showing continued institutional confidence.**

AI Summary

Victory Capital Management Inc. filed an amended SC 13G/A on February 6, 2024, indicating their beneficial ownership of Safety Insurance Group Inc. (ticker: 0001172052) as of December 31, 2023. This filing updates their previous disclosure, confirming their continued investment in the insurance company. This matters to investors because it shows a significant institutional investor maintains a position, which can be a sign of confidence in the stock's long-term prospects.

Why It Matters

This filing confirms that a major institutional investor, Victory Capital Management Inc., continues to hold a stake in Safety Insurance Group Inc., signaling their ongoing interest and confidence in the company.

Risk Assessment

Risk Level: low — This is a routine amendment filing by an institutional investor, indicating no immediate new risks or significant changes in their position.

Analyst Insight

Investors should note that a significant institutional holder, Victory Capital Management Inc., has updated their filing, confirming their position in Safety Insurance Group Inc. This is a routine update and doesn't signal a major change, but it reinforces that institutional interest remains.

Key Players & Entities

• Victory Capital Management Inc. (company) — the reporting person filing the SC 13G/A
• Safety Insurance Group Inc. (company) — the subject company whose securities are being reported
• December 31, 2023 (date) — the date of the event requiring the filing
• February 6, 2024 (date) — the date the SC 13G/A was filed
• New York (company) — place of organization for Victory Capital Management Inc.

FAQ

Filing Documents

• safetyinsurance13ga1_123123.htm (SC 13G/A) — 41KB
• 0001040188-24-000019.txt ( ) — 43KB

If this statement is filed

Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) ¨ Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) ¨ Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) ¨ Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) ¨ Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) x An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E); (f) ¨ An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F); (g) ¨ A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G); (h) ¨ A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) ¨ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) ¨ Group, in accordance with §240.13d-1(b)(1)(ii)(J).

Ownership

Item 4. Ownership. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 1171744 (b) Percent of class: 7.92% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 1165811 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 1171744 (iv) Shared power to dispose or to direct the disposition of: 0 Instruction . For computations regarding securities which represent a right to acquire an underlying security see §240.13d-3(d)(1).

Ownership of Five Percent

Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial

Ownership of More than

Item 6. Ownership of More than Five Percent on Behalf of Another Person. The clients of Victory Capital Management Inc., including investment companies registered under the Investment Company Act of 1940 and separately managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the class of securities reported herein. No client has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, more than 5% of such class.

Identification and Classification

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. Not applicable

Identification and Classification

Item 8. Identification and Classification of Members of the Group. Not applicable.

Notice of Dissolution

Item 9. Notice of Dissolution of Group. Not applicable.

Certification

Item 10. Certification. (a) The following certification shall be included if the statement is filed pursuant to §240.13d-1(b): By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. CUSIP No. 78648T100 13G Page 4 of 4 Pages After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. 2/6/2024 Date /s/ Barry Garrett Signature Barry Garrett/ Chief Compliance Officer Name/Title

View Full Filing

View this SC 13G/A filing on SEC EDGAR