Safety Insurance Group (NASDAQ:SAFT) Upgraded at StockNews.com

Safety Insurance Group (NASDAQ:SAFTGet Free Report) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Friday.

Separately, TheStreet upgraded shares of Safety Insurance Group from a “c+” rating to a “b” rating in a research report on Tuesday, February 27th.

Check Out Our Latest Stock Analysis on Safety Insurance Group

Safety Insurance Group Trading Down 1.5 %

Safety Insurance Group stock traded down $1.28 during mid-day trading on Friday, hitting $83.07. The stock had a trading volume of 44,196 shares, compared to its average volume of 40,333. The stock has a 50-day simple moving average of $80.25 and a two-hundred day simple moving average of $79.49. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $1.23 billion, a PE ratio of 65.41 and a beta of 0.19. Safety Insurance Group has a 12 month low of $65.78 and a 12 month high of $88.72.

Safety Insurance Group (NASDAQ:SAFTGet Free Report) last issued its earnings results on Tuesday, February 27th. The insurance provider reported $0.30 earnings per share (EPS) for the quarter. The company had revenue of $258.40 million for the quarter. Safety Insurance Group had a net margin of 2.03% and a return on equity of 1.56%.

Insider Activity

In related news, VP Stephen Albert Varga sold 900 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $79.35, for a total transaction of $71,415.00. Following the completion of the transaction, the vice president now owns 28,465 shares in the company, valued at $2,258,697.75. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Safety Insurance Group

Several large investors have recently modified their holdings of the business. Assenagon Asset Management S.A. grew its position in shares of Safety Insurance Group by 98.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 39,245 shares of the insurance provider’s stock valued at $2,676,000 after purchasing an additional 19,467 shares during the period. GSA Capital Partners LLP boosted its holdings in shares of Safety Insurance Group by 298.0% in the third quarter. GSA Capital Partners LLP now owns 32,401 shares of the insurance provider’s stock valued at $2,209,000 after buying an additional 24,260 shares during the period. TimesSquare Capital Management LLC bought a new stake in shares of Safety Insurance Group during the fourth quarter worth $15,266,000. Swiss National Bank raised its holdings in shares of Safety Insurance Group by 0.9% during the third quarter. Swiss National Bank now owns 32,700 shares of the insurance provider’s stock worth $2,230,000 after acquiring an additional 300 shares during the period. Finally, Victory Capital Management Inc. lifted its position in Safety Insurance Group by 2.7% in the 3rd quarter. Victory Capital Management Inc. now owns 1,155,367 shares of the insurance provider’s stock valued at $78,784,000 after acquiring an additional 29,996 shares in the last quarter. 81.04% of the stock is currently owned by institutional investors.

About Safety Insurance Group

(Get Free Report)

Safety Insurance Group, Inc provides private passenger and commercial automobile, and homeowner insurance in 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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