Nachman Norwood & Parrott Inc acquired a new stake in Safety Insurance Group, Inc. (NASDAQ:SAFT) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 650 shares of the insurance provider’s stock, valued at approximately $45,000.
A number of other institutional investors and hedge funds have also recently made changes to their positions in SAFT. Private Advisor Group LLC purchased a new stake in shares of Safety Insurance Group during the 2nd quarter worth $30,000. Captrust Financial Advisors purchased a new stake in shares of Safety Insurance Group during the 2nd quarter worth $48,000. Macquarie Group Ltd. purchased a new stake in shares of Safety Insurance Group during the 2nd quarter worth $58,000. PNC Financial Services Group Inc. boosted its position in shares of Safety Insurance Group by 43.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,028 shares of the insurance provider’s stock worth $78,000 after purchasing an additional 311 shares in the last quarter. Finally, GW Henssler & Associates Ltd. purchased a new stake in shares of Safety Insurance Group during the 2nd quarter worth $205,000. 80.71% of the stock is currently owned by institutional investors.
Separately, BidaskClub lowered shares of Safety Insurance Group from a “sell” rating to a “strong sell” rating in a research report on Saturday, October 10th.
Shares of NASDAQ SAFT opened at $68.68 on Friday. Safety Insurance Group, Inc. has a one year low of $65.45 and a one year high of $101.74. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.37 and a current ratio of 0.37. The company’s fifty day moving average is $69.88 and its two-hundred day moving average is $75.81. The firm has a market capitalization of $1.04 billion, a P/E ratio of 12.53 and a beta of 0.28.
Safety Insurance Group (NASDAQ:SAFT) last released its quarterly earnings data on Thursday, August 6th. The insurance provider reported $1.95 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.35). Safety Insurance Group had a return on equity of 11.49% and a net margin of 10.17%. The business had revenue of $207.77 million during the quarter.
In other Safety Insurance Group news, Director Frederic H. Lindeberg acquired 2,000 shares of the firm’s stock in a transaction that occurred on Friday, September 25th. The shares were acquired at an average cost of $67.93 per share, for a total transaction of $135,860.00. Following the transaction, the director now directly owns 22,000 shares of the company’s stock, valued at $1,494,460. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Frederic H. Lindeberg acquired 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The stock was acquired at an average price of $71.58 per share, for a total transaction of $71,580.00. Following the completion of the transaction, the director now directly owns 19,000 shares in the company, valued at $1,360,020. The disclosure for this purchase can be found here. Insiders purchased a total of 4,000 shares of company stock worth $277,620 over the last quarter. Insiders own 4.80% of the company’s stock.
Safety Insurance Group 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.
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.