Safety Insurance Group (SAFT) Upgraded by BidaskClub to “Hold”
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.
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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