Security Insurance Group (NASDAQ:SAFT) Cut to “C+” at TheStreet

Security Insurance Group (NASDAQ:SAFT – Get Votes) was downgraded by analysts at TheStreet from a “b” rating to a “c+” rating in a report issued on Friday, TheStreetRatingsTable reports.

alone, StockNews.com began coverage on shares of Safety Insurance Group in a report on Thursday, March 31st. They put a “hold” rating on the stock.

Class Insurance Is Under 0.3%

SAFT stock opened at $89.77 on Friday. Security Insurance Group has a 12-month low of $74.45 and a 12-month high of $99.75. The company has a market cap of $1.32 billion, a PE ratio of 13.20 and a beta of 0.30. The company has a 50-day moving average of $92.74 and a 200-day moving average of $88.66. The company has a debt ratio of 0.03, a current ratio of 0.33 and a quick ratio of 0.33.

Security Insurance Group (NASDAQ:SAFT – Get Votes) last issued its earnings results on Wednesday, May 4th. The insurance provider reported $0.99 EPS for the quarter. The Safety Insurance Group had a margin of 11.93% and a return of 10.10%. The business had revenue of $195.00 million during the quarter.

Internal Services

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In other Security Insurance Group news, Director Peter J. Manning sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, June 2nd. The shares traded at an average price of $90.93, for a total value of $181,860.00. Following the sale, the director now owns 5,000 shares in the company, valued at approximately $454,650. The transaction was disclosed in a document issued by the SEC, which can be accessed through this link. 4.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Major investors have added to or reduced their holdings in the stock. UMB Bank NA MO acquired a new position in Safety Insurance Group during the 4th quarter valued at approximately $43,000. MBM Wealth Consultants LLC grew its position in Safety Insurance Group by 39.8% in the fourth quarter. MBM Wealth Consultants LLC now owns 520 shares of the insurance provider’s stock valued at $44,000 after acquiring an additional 148 shares in the last quarter. City State Bank bought a new stake in Safety Insurance Group in the fourth quarter worth about $62,000. US Asset Management LLC bought a new stake in Safety Insurance Group in the 1st quarter worth about $108,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Safety Insurance Group by 20.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,705 shares of the insurance company’s stock valued at $155,000 after acquiring an additional 292 shares during the last quarter. Investors and hedge funds own 79.46% of the company’s stock.

Opinions of the company Safety Insurance Group Company

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Safety Insurance Group, Inc provides personal and commercial auto, as well as homeowner’s insurance in the United States. The company’s passenger car policies provide coverage for bodily injury and property damage to others, coverage for occupants of the insured vehicle/insured, and damage to the insured vehicle in the event of a collision or other accident.

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