Safety Insurance Group (NASDAQ:SAFT) was downgraded by equities research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a note issued to investors on Thursday.

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

Shares of Safety Insurance Group (SAFT) traded up $0.45 during mid-day trading on Thursday, reaching $80.85. 48,212 shares of the company’s stock were exchanged, compared to its average volume of 49,920. The firm has a market capitalization of $1,228.75, a PE ratio of 19.54 and a beta of 0.78. Safety Insurance Group has a 1 year low of $65.75 and a 1 year high of $84.00.

In other Safety Insurance Group news, Director Frederic H. Lindeberg sold 1,000 shares of Safety Insurance Group stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $83.16, for a total transaction of $83,160.00. Following the transaction, the director now directly owns 19,000 shares of the company’s stock, valued at $1,580,040. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Frederic H. Lindeberg sold 2,000 shares of Safety Insurance Group stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $82.35, for a total transaction of $164,700.00. Following the transaction, the director now directly owns 20,000 shares in the company, valued at $1,647,000. The disclosure for this sale can be found here. Insiders own 4.90% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Neuberger Berman Group LLC acquired a new position in shares of Safety Insurance Group during the third quarter worth $220,000. California Public Employees Retirement System lifted its position in shares of Safety Insurance Group by 12.6% during the third quarter. California Public Employees Retirement System now owns 12,382 shares of the insurance provider’s stock worth $945,000 after purchasing an additional 1,382 shares in the last quarter. OxFORD Asset Management LLP lifted its position in shares of Safety Insurance Group by 93.9% during the third quarter. OxFORD Asset Management LLP now owns 14,407 shares of the insurance provider’s stock worth $1,099,000 after purchasing an additional 6,977 shares in the last quarter. Hillsdale Investment Management Inc. acquired a new position in shares of Safety Insurance Group during the third quarter worth $801,000. Finally, Schwab Charles Investment Management Inc. lifted its position in shares of Safety Insurance Group by 6.9% during the third quarter. Schwab Charles Investment Management Inc. now owns 126,886 shares of the insurance provider’s stock worth $9,682,000 after purchasing an additional 8,162 shares in the last quarter. 78.61% of the stock is currently owned by institutional investors and hedge funds.

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About Safety Insurance Group

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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