Shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) have earned a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation.
Zacks has also given Safety Insurance Group an industry rank of 150 out of 255 based on the ratings given to related companies.
Separately, BidaskClub raised Safety Insurance Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 21st.
Shares of SAFT stock traded down $1.32 during trading hours on Tuesday, hitting $82.55. The stock had a trading volume of 18,697 shares, compared to its average volume of 37,489. Safety Insurance Group has a one year low of $70.45 and a one year high of $99.70. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 18.95 and a beta of 0.59.
Safety Insurance Group (NASDAQ:SAFT) last issued its earnings results on Friday, August 3rd. The insurance provider reported $1.81 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.55 by $0.26. Safety Insurance Group had a return on equity of 9.74% and a net margin of 7.73%. The firm had revenue of $207.97 million for the quarter.
In other news, Director Frederic H. Lindeberg sold 1,000 shares of Safety Insurance Group stock in a transaction dated Tuesday, August 7th. The stock was sold at an average price of $92.45, for a total value of $92,450.00. Following the sale, the director now directly owns 15,000 shares of the company’s stock, valued at $1,386,750. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David D. Mckown sold 1,235 shares of the business’s stock in a transaction that occurred on Monday, September 10th. The stock was sold at an average price of $96.53, for a total value of $119,214.55. Following the sale, the director now directly owns 4,500 shares in the company, valued at $434,385. The disclosure for this sale can be found here. Insiders sold 11,130 shares of company stock worth $1,086,000 over the last ninety days. Insiders own 4.90% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of SAFT. Wells Fargo & Company MN increased its stake in Safety Insurance Group by 1.7% during the first quarter. Wells Fargo & Company MN now owns 86,036 shares of the insurance provider’s stock worth $6,611,000 after acquiring an additional 1,448 shares during the last quarter. BlackRock Inc. grew its stake in shares of Safety Insurance Group by 0.9% during the first quarter. BlackRock Inc. now owns 1,937,604 shares of the insurance provider’s stock valued at $148,906,000 after buying an additional 18,197 shares during the last quarter. California Public Employees Retirement System grew its stake in shares of Safety Insurance Group by 10.5% during the first quarter. California Public Employees Retirement System now owns 14,177 shares of the insurance provider’s stock valued at $1,090,000 after buying an additional 1,347 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of Safety Insurance Group by 69.4% during the first quarter. Russell Investments Group Ltd. now owns 40,068 shares of the insurance provider’s stock valued at $3,079,000 after buying an additional 16,420 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of Safety Insurance Group by 2.3% during the first quarter. Principal Financial Group Inc. now owns 117,198 shares of the insurance provider’s stock valued at $9,007,000 after buying an additional 2,595 shares during the last quarter. 80.17% of the stock is currently owned by institutional investors.
About Safety Insurance Group
Safety Insurance Group, Inc provides private passenger and commercial automobile insurance in Massachusetts, New Hampshire, and Maine, the United States. The company's private passenger automobile policies offer coverage for bodily injury and property damage to others, no-fault personal injury coverage for the insured/insured's car occupants, and physical damage coverage for an insured's own vehicle for collision or other perils.
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