Zacks: Safety Insurance Group, Inc. (SAFT) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) have received a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation.

Zacks has also given Safety Insurance Group an industry rank of 74 out of 255 based on the ratings given to its competitors.

Separately, BidaskClub raised Safety Insurance Group from a “sell” rating to a “hold” rating in a research note on Saturday.

NASDAQ:SAFT traded up $0.34 during trading hours on Monday, hitting $86.26. 22,254 shares of the stock were exchanged, compared to its average volume of 30,970. Safety Insurance Group has a twelve month low of $70.45 and a twelve month high of $99.70. The company has a market cap of $1.31 billion, a price-to-earnings ratio of 17.18 and a beta of 0.61.

Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. lifted its stake in shares of Safety Insurance Group by 3.0% in the 4th quarter. BlackRock Inc. now owns 2,138,390 shares of the insurance provider’s stock valued at $174,944,000 after purchasing an additional 61,985 shares during the period. Vanguard Group Inc. lifted its stake in shares of Safety Insurance Group by 2.2% in the 3rd quarter. Vanguard Group Inc. now owns 1,499,836 shares of the insurance provider’s stock valued at $134,385,000 after purchasing an additional 32,255 shares during the period. Vanguard Group Inc lifted its stake in shares of Safety Insurance Group by 2.2% in the 3rd quarter. Vanguard Group Inc now owns 1,499,836 shares of the insurance provider’s stock valued at $134,385,000 after purchasing an additional 32,255 shares during the period. Northern Trust Corp lifted its stake in shares of Safety Insurance Group by 0.6% in the 2nd quarter. Northern Trust Corp now owns 544,532 shares of the insurance provider’s stock valued at $46,503,000 after purchasing an additional 3,169 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of Safety Insurance Group by 4.3% in the 4th quarter. Bank of New York Mellon Corp now owns 359,681 shares of the insurance provider’s stock valued at $29,424,000 after purchasing an additional 14,898 shares during the period. 83.49% of the stock is currently owned by institutional investors.

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.

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