Safety Insurance Group Inc (SAFT): William J Jr Begley , VP, CFO and Secretary of Safety Insurance Group Inc sold 5,132 shares on May 6, 2016. The Insider selling transaction was reported by the company on May 9, 2016 to the Securities and Exchange Commission. The shares were sold at $59.47 per share for a total value of $305,215.44 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 16, 2016, James Berry (VP – Underwriting) sold 1,247 shares at $55.35 per share price.On Mar 16, 2016, David F Brussard (President, CEO and Chairman) sold 3,659 shares at $55.35 per share price.Also, On Mar 16, 2016, David E Krupa (VP – Claims Operations) sold 793 shares at $55.40 per share price.On Mar 7, 2016, Peter J Manning (director) sold 1,000 shares at $55.55 per share price.
Safety Insurance Group: On Friday, May 6, 2016 heightened volatility was witnessed in Safety Insurance Group which led to swings in the share price. The shares opened for trading at $59.54 and hit $59.9 on the upside , eventually ending the session at $59.82, with a gain of 0.27% or 0.16 points. The heightened volatility saw the trading volume jump to 81,947 shares. The 52-week high of the share price is $61.48 and the company has a market cap of $903 M . The 52-week low of the share price is at $50.78.
Company has been under the radar of several Street Analysts.Safety Insurance Group is Reiterated by Compass Point to Neutral and the brokerage firm has raised the Price Target to $ 58 from a previous price target of $57 .The Rating was issued on May 4, 2016.
Safety Insurance Group Inc. is a provider of personal lines property and casualty insurance focused primarily on the Massachusetts market. The Company provides private passenger automobile insurance. In addition to private passenger automobile insurance it offers a portfolio of property and casualty insurance products including commercial automobile homeowners dwelling fire umbrella and business owner policies. The company operates in Massachusetts and New Hampshire through its insurance company subsidiaries Safety Insurance Company (Safety Insurance) Safety Indemnity Insurance Company (Safety Indemnity) and Safety Property and Casualty Insurance Company (Safety P&C).