Safety Insurance Group (SAFT) was Reiterated by Compass Point to “Neutral” according to the research note released today. The brokerage firm has raised the Price Target to $ 58 from a previous price target of $57 . Compass Point advised their investors in a research report released on May 4, 2016.
Safety Insurance Group closed down -0.2 points or -0.35% at $56.41 with 52,265 shares getting traded on Monday. Post opening the session at $56.75, the shares hit an intraday low of $56.21 and an intraday high of $57.05 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Mar 16, 2016, James Berry (VP – Underwriting) sold 1,247 shares at $55.35 per share price. According to the SEC, on Mar 16, 2016, David F Brussard (President, CEO and Chairman) sold 3,659 shares at $55.35 per share price. On Mar 16, 2016, David E Krupa (VP – Claims Operations) sold 793 shares at $55.40 per share price, according to the Form-4 filing with the securities and exchange commission.
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).