Safety Insurance Group Inc (SAFT): David F Brussard , director of Safety Insurance Group Inc sold 20,000 shares on Sep 9, 2016. The Insider selling transaction was reported by the company on Sep 12, 2016 to the Securities and Exchange Commission. The shares were sold at $66.97 per share for a total value of $1,333,158.12 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 21, 2016, John Patrick Drago (VP – Marketing) sold 400 shares at $60.66 per share price.On May 10, 2016, Paul J Narciso (VP – Claims) sold 250 shares at $59.65 per share price.Also, On May 9, 2016, William J Jr Begley (VP, CFO and Secretary) sold 5,132 shares at $59.47 per share price.On Mar 16, 2016, James Berry (VP – Underwriting) sold 1,247 shares at $55.35 per share price.
Safety Insurance Group: On Monday, Sep 12, 2016 heightened volatility was witnessed in Safety Insurance Group which led to swings in the share price. The shares opened for trading at $66.55 and hit $67.04 on the upside , eventually ending the session at $66.83, with a gain of 0.74% or 0.49 points. The heightened volatility saw the trading volume jump to 63,591 shares. The 52-week high of the share price is $68.69 and the company has a market cap of $1,013 M . The 52-week low of the share price is at $50.88.
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 $ 60 from a previous price target of $58 .The Rating was issued on Aug 5, 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).