Somewhat Positive Media Coverage Somewhat Unlikely to Impact Safety Insurance Group (SAFT) Share Price

News headlines about Safety Insurance Group (NASDAQ:SAFT) have trended somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Safety Insurance Group earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned headlines about the insurance provider an impact score of 46.1711886912326 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

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

Shares of Safety Insurance Group (NASDAQ:SAFT) traded up 1.62% on Friday, hitting $81.55. 42,390 shares of the stock traded hands. The stock’s 50 day moving average price is $77.04 and its 200 day moving average price is $71.40. The stock has a market cap of $1.24 billion, a P/E ratio of 19.41 and a beta of 0.77. Safety Insurance Group has a 52-week low of $65.30 and a 52-week high of $83.30.

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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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