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 $ 60 from a previous price target of $58 . Compass Point advised their investors in a research report released on Aug 5, 2016.
Safety Insurance Group opened for trading at $63.44 and hit $64.35 on the upside on Thursday, eventually ending the session at $63.99, with a gain of 1.93% or 1.21 points. The heightened volatility saw the trading volume jump to 1,15,127 shares. Company has a market cap of $970 M.
In a different news, on Jun 21, 2016, John Patrick Drago (VP – Marketing) sold 400 shares at $60.66 per share price. According to the SEC, on May 10, 2016, Paul J Narciso (VP – Claims) sold 250 shares at $59.65 per share price. On May 9, 2016, William J Jr Begley (VP, CFO and Secretary) sold 5,132 shares at $59.47 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).