Safety Insurance Group (SAFT) Stock Rating Lowered by BidaskClub

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Safety Insurance Group (NASDAQ:SAFT) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Thursday.

Shares of NASDAQ:SAFT opened at $80.15 on Thursday. The stock has a market cap of $1.22 billion, a P/E ratio of 16.00 and a beta of 0.68. Safety Insurance Group has a one year low of $70.45 and a one year high of $99.70.

Safety Insurance Group (NASDAQ:SAFT) last announced its earnings results on Wednesday, October 31st. The insurance provider reported $1.76 EPS for the quarter. The business had revenue of $215.91 million for the quarter. Safety Insurance Group had a return on equity of 11.02% and a net margin of 8.99%.

Large investors have recently made changes to their positions in the stock. grace capital purchased a new stake in shares of Safety Insurance Group during the 2nd quarter valued at about $427,000. United Services Automobile Association purchased a new stake in shares of Safety Insurance Group during the 3rd quarter valued at about $380,000. Legal & General Group Plc raised its holdings in shares of Safety Insurance Group by 6.2% during the 2nd quarter. Legal & General Group Plc now owns 32,857 shares of the insurance provider’s stock valued at $2,805,000 after buying an additional 1,931 shares during the period. Raymond James & Associates purchased a new stake in shares of Safety Insurance Group during the 2nd quarter valued at about $233,000. Finally, Northern Trust Corp raised its holdings in shares of Safety Insurance Group by 0.6% during the 2nd quarter. Northern Trust Corp now owns 544,532 shares of the insurance provider’s stock valued at $46,503,000 after buying an additional 3,169 shares during the period. Institutional investors and hedge funds own 80.52% of the company’s stock.

Safety Insurance Group Company Profile

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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