BidaskClub downgraded shares of Safety Insurance Group (NASDAQ:SAFT) from a hold rating to a sell rating in a research report report published on Thursday.
Shares of SAFT stock traded down $0.54 during trading on Thursday, reaching $80.15. 25,500 shares of the company’s stock were exchanged, compared to its average volume of 43,313. The firm has a market capitalization of $1.22 billion, a PE ratio of 16.00 and a beta of 0.68. Safety Insurance Group has a twelve month low of $70.45 and a twelve month high of $99.70.
Safety Insurance Group (NASDAQ:SAFT) last posted its earnings results on Wednesday, October 31st. The insurance provider reported $1.76 earnings per share 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%.
Hedge funds have recently bought and sold shares of the stock. Raymond James & Associates bought a new stake in Safety Insurance Group in the 2nd quarter valued at $233,000. Dynamic Technology Lab Private Ltd bought a new stake in Safety Insurance Group in the 3rd quarter valued at $247,000. Vident Investment Advisory LLC bought a new stake in Safety Insurance Group in the 2nd quarter valued at $333,000. United Services Automobile Association bought a new stake in Safety Insurance Group in the 3rd quarter valued at $380,000. Finally, Paloma Partners Management Co bought a new stake in Safety Insurance Group in the 3rd quarter valued at $392,000. 80.52% of the stock is currently owned by institutional investors and hedge funds.
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.
Read More: What is the Quick Ratio?
Receive News & Ratings for Safety Insurance Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Safety Insurance Group and related companies with MarketBeat.com's FREE daily email newsletter.