Zacks: Safety Insurance Group, Inc. (SAFT) Given Consensus Recommendation of “Strong Sell” by Brokerages

Shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) have earned a consensus broker rating score of 5.00 (Strong Sell) from the one analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong sell rating.

Zacks has also assigned Safety Insurance Group an industry rank of 49 out of 265 based on the ratings given to its competitors.

A number of brokerages have recently issued reports on SAFT. BidaskClub upgraded shares of Safety Insurance Group from a “sell” rating to a “hold” rating in a report on Monday. Compass Point downgraded shares of Safety Insurance Group from a “neutral” rating to a “sell” rating in a report on Monday, October 16th.

Safety Insurance Group (NASDAQ:SAFT) opened at $73.55 on Wednesday. The stock has a market cap of $1,120.00, a PE 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 other Safety Insurance Group news, Director Frederic H. Lindeberg sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $83.16, for a total transaction of $83,160.00. Following the completion of the transaction, the director now directly owns 19,000 shares in the company, valued at approximately $1,580,040. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Frederic H. Lindeberg sold 2,000 shares of the firm’s stock in a transaction dated 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 owns 20,000 shares of the company’s stock, valued at $1,647,000. The disclosure for this sale can be found here. Insiders sold a total of 33,505 shares of company stock valued at $2,712,266 in the last quarter. Insiders own 4.90% of the company’s stock.

Large investors have recently bought and sold shares of the business. SG Americas Securities LLC increased its holdings in Safety Insurance Group by 67.2% during the 3rd quarter. SG Americas Securities LLC now owns 2,450 shares of the insurance provider’s stock valued at $187,000 after acquiring an additional 985 shares in the last quarter. Grimes & Company Inc. purchased a new position in Safety Insurance Group during the 3rd quarter valued at about $217,000. Neuberger Berman Group LLC purchased a new position in Safety Insurance Group during the 3rd quarter valued at about $220,000. Piedmont Investment Advisors LLC purchased a new position in Safety Insurance Group during the 2nd quarter valued at about $211,000. Finally, Crossmark Global Holdings Inc. purchased a new stake in shares of Safety Insurance Group during the third quarter worth about $329,000. Hedge funds and other institutional investors own 78.51% of the company’s stock.

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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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