Compass Point downgraded shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) from a neutral rating to a sell rating in a report published on Monday.

Separately, BidaskClub raised shares of Safety Insurance Group from a sell rating to a hold rating in a research note on Friday, June 30th.

Shares of Safety Insurance Group (NASDAQ SAFT) opened at 79.05 on Monday. The company’s 50-day moving average is $74.56 and its 200-day moving average is $70.64. The stock has a market cap of $1.20 billion, a P/E ratio of 18.82 and a beta of 0.77. Safety Insurance Group has a 1-year low of $65.30 and a 1-year high of $83.30.

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A number of institutional investors and hedge funds have recently made changes to their positions in the business. Principal Financial Group Inc. raised its holdings in shares of Safety Insurance Group by 3.0% during the 1st quarter. Principal Financial Group Inc. now owns 121,780 shares of the insurance provider’s stock worth $8,537,000 after acquiring an additional 3,536 shares during the period. Old Mutual Global Investors UK Ltd. purchased a new position in shares of Safety Insurance Group during the 2nd quarter worth $1,799,000. Vanguard Group Inc. raised its holdings in shares of Safety Insurance Group by 6.0% during the 1st quarter. Vanguard Group Inc. now owns 1,338,378 shares of the insurance provider’s stock worth $93,821,000 after acquiring an additional 75,812 shares during the period. Bank of America Corp DE raised its holdings in shares of Safety Insurance Group by 2.3% during the 1st quarter. Bank of America Corp DE now owns 29,155 shares of the insurance provider’s stock worth $2,043,000 after acquiring an additional 647 shares during the period. Finally, Caxton Associates LP purchased a new position in shares of Safety Insurance Group during the 1st quarter worth $588,000. 78.82% of the stock is currently owned by institutional investors.

Safety Insurance Group Company Profile

Safety Insurance Group, Inc is a provider of private passenger automobile insurance. The Company offers a portfolio of property and casualty insurance products. The Company is engaged in property and casualty insurance operations. The Company’s product line includes private passenger automobile, commercial automobile, homeowners, business owners’ policies, personal umbrella, dwelling fire, commercial umbrella, inland marine and watercraft.

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