Glazer Capital's 5.1% passive stake is notable given the firm's activist track record. While the 13G certifies passive intent, Glazer Capital has historically converted to 13D in other names. Monitor for any subsequent 13D filing or increased public engagement with management.
Price Chart
Executive Summary
Glazer Capital, LLC, a hedge fund manager, filed a Schedule 13G disclosing a 5.1% passive stake in Safety Insurance Group Inc as of September 25, 2026. This is a new filing for Glazer Capital, which was not previously disclosed as a 5% holder in the cross-filing context. The passive filing indicates no intent to influence management, but Glazer Capital's history of activist involvement warrants monitoring.
Key Financial Metrics
Key Facts
- Glazer Capital, LLC filed a Schedule 13G disclosing beneficial ownership of 750,000 shares of Safety Insurance Group Inc common stock.
- The stake represents 5.1% of shares outstanding as of September 25, 2026.
- Glazer Capital is a hedge fund manager; Paul J. Glazer is the Managing Member and also reported as a beneficial owner.
- The filing is made under Rule 13d-1(c), indicating passive intent with no purpose of changing or influencing control.
- This is a new filing for Glazer Capital; prior 13G filings for SAFT were by State Street Corp and Vanguard Capital Management.
Financial Impact
5.1% stake valued at approximately $47.6 million based on current market price of ~$63.50 per share (estimated from prior filings).
Risk Factors
- Glazer Capital could convert to an activist 13D filing, signaling intent to push for changes.
- The 5.1% stake is just above the 5% threshold; a small additional purchase could trigger a 13D filing if intent changes.
- Passive stake may be reduced or sold without notice, creating selling pressure.
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13G Filing (Primary) | 0001076809-26-000112 |
| Document: 0001076809-26-000112-index.html | 0001076809-26-000112 |
| Document: 0001076809-26-000112.txt | 0001076809-26-000112 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 2, 2026 24d ago | SC 13G | $103.92 | awaiting T+20 | — | $104.05 (+0.13%) |
Sep 14, 2026 5w ago | DEFM14A | $103.51 $103.86 | ▲ +0.34% | ▼ −2.64% | $104.05 (+0.52%) |
Jul 24, 2026 13w ago | DEFA14A | $103.20 $103.59 | ▲ +0.38% | ▼ −3.25% | $104.05 (+0.82%) |
Jul 24, 2026 13w ago | 8-K | $103.20 $103.59 | ▲ +0.38% | ▼ −3.25% | $104.05 (+0.82%) |
Jul 23, 2026 13w ago | DEFA14A / 8-K | $103.20 $103.59 | ▲ +0.38% | ▼ −3.25% | $104.05 (+0.82%) |
Jun 15, 2026 19w ago | 8-K | $71.46 $75.93 | ▲ +6.26% | ▲ +7.01% | $104.05 (+45.61%) |
Jun 11, 2026 19w ago | Court Ruling | $71.81 $74.82 | ▼ −4.19% | ▼ −2.83% | $104.05 (−44.90%) |
Jun 9, 2026 19w ago | Court Ruling | $70.59 $78.28 | ▲ +10.89% | ▲ +9.45% | $104.05 (+47.40%) |
Feb 25, 2026 34w ago | 8-K | $77.75 $73.30 | ▼ −5.72% | ▲ +0.69% | $104.05 (+33.83%) |
US Market Status
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