Safety Insurance Group (NASDAQ:SAFT) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a report issued on Monday.

Separately, Compass Point cut Safety Insurance Group from a “neutral” rating to a “sell” rating in a report on Monday, October 16th.

Safety Insurance Group (SAFT) opened at $73.55 on Monday. The stock has a market capitalization of $1,120.00, a P/E ratio of 17.77 and a beta of 0.71. Safety Insurance Group has a twelve month low of $65.75 and a twelve month high of $84.00.

In related news, Director Frederic H. Lindeberg sold 1,000 shares of the stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $83.16, for a total value of $83,160.00. Following the transaction, the director now directly owns 19,000 shares in the company, valued at approximately $1,580,040. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP David E. Krupa sold 7,000 shares of the stock in a transaction on Friday, December 28th. The stock was sold at an average price of $80.30, for a total value of $562,100.00. Following the completion of the transaction, the vice president now owns 22,925 shares in the company, valued at $1,840,877.50. The disclosure for this sale can be found here. Insiders have sold a total of 33,505 shares of company stock worth $2,712,266 over the last 90 days. Company insiders own 4.90% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC lifted its holdings in shares of Safety Insurance Group by 67.2% in the 3rd quarter. SG Americas Securities LLC now owns 2,450 shares of the insurance provider’s stock worth $187,000 after purchasing an additional 985 shares in the last quarter. Piedmont Investment Advisors LLC bought a new position in shares of Safety Insurance Group in the 2nd quarter worth $211,000. Grimes & Company Inc. bought a new position in shares of Safety Insurance Group in the 3rd quarter worth $217,000. Neuberger Berman Group LLC bought a new position in shares of Safety Insurance Group in the 3rd quarter worth $220,000. Finally, QS Investors LLC lifted its holdings in shares of Safety Insurance Group by 45.0% in the 2nd quarter. QS Investors LLC now owns 4,403 shares of the insurance provider’s stock worth $301,000 after purchasing an additional 1,367 shares in the last quarter. Institutional investors own 78.51% of the company’s stock.

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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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