Texas Permanent School Fund Corp Sells 527 Shares of Safety Insurance Group, Inc. (NASDAQ:SAFT)

The Texas Permanent School Fund Corp (TPSFC) is a state-owned investment fund that manages the endowment of the public schools in Texas. The fund invests in various assets, including stocks, bonds, and real estate, to generate returns for the benefit of the schools.

In its most recent disclosure with the Securities and Exchange Commission (SEC), TPSFC reported that it had sold 527 shares of Safety Insurance Group, Inc. NASDAQSAFT during the third quarter of the year. This represents a 4.0% reduction in the fund's stake in the insurance provider's stock.

After the sale, TPSFC owned 12,563 shares of Safety Insurance Group, Inc.'s stock. The insurance provider is based in Austin, Texas and provides property and casualty insurance to individuals and businesses across the state.

It's worth noting that the decision to sell shares of Safety Insurance Group, Inc. was made by TPSFC's investment committee, which is responsible for overseeing the fund's investments. The committee considers various factors when making investment decisions, including the financial health of the company, its growth prospects, and its alignment with the fund's overall investment strategy.

Overall, the sale of shares in Safety Insurance Group, Inc. by TPSFC is a normal part of the fund's ongoing investment activities. The fund remains committed to generating strong returns for the benefit of Texas public schools.