Safety Insurance Group (NASDAQ:SAFT) Earning Somewhat Favorable News Coverage, Analysis Shows

Media coverage about Safety Insurance Group (NASDAQ:SAFT) has been trending somewhat positive this week, according to Accern. The research group identifies negative and positive media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Safety Insurance Group earned a news impact score of 0.12 on Accern’s scale. Accern also assigned media stories about the insurance provider an impact score of 44.2246285960309 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Safety Insurance Group (SAFT) opened at $80.05 on Tuesday. The company has a market cap of $1,224.37, a price-to-earnings ratio of 19.29 and a beta of 0.79. Safety Insurance Group has a 12 month low of $65.75 and a 12 month high of $84.00.

Safety Insurance Group (NASDAQ:SAFT) last released its quarterly earnings data on Wednesday, November 1st. The insurance provider reported $1.18 earnings per share (EPS) for the quarter. Safety Insurance Group had a net margin of 7.57% and a return on equity of 9.18%.

Several equities analysts have commented on SAFT shares. Compass Point downgraded shares of Safety Insurance Group from a “neutral” rating to a “sell” rating in a research note on Monday, October 16th. BidaskClub downgraded shares of Safety Insurance Group from a “hold” rating to a “sell” rating in a research note on Thursday, January 11th.

In other news, VP David E. Krupa sold 7,000 shares of the company’s stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $80.30, for a total value of $562,100.00. Following the completion of the sale, the vice president now directly owns 22,925 shares of the company’s stock, valued at $1,840,877.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Frederic H. Lindeberg sold 2,000 shares of the company’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 completion of the sale, the director now directly 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 33,505 shares of company stock valued at $2,712,266 in the last 90 days. 4.90% of the stock is currently owned by insiders.

ILLEGAL ACTIVITY NOTICE: “Safety Insurance Group (NASDAQ:SAFT) Earning Somewhat Favorable News Coverage, Analysis Shows” was first posted by TrueBlueTribune and is the property of of TrueBlueTribune. If you are viewing this report on another publication, it was stolen and reposted in violation of international trademark & copyright law. The correct version of this report can be read at https://www.truebluetribune.com/2018/01/23/somewhat-favorable-media-coverage-somewhat-unlikely-to-impact-safety-insurance-group-saft-share-price.html.

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.

Insider Buying and Selling by Quarter for Safety Insurance Group (NASDAQ:SAFT)

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.

Latest News

Leave a Reply