Safety Insurance Group (NASDAQ:SAFT) Given Coverage Optimism Rating of 0.45

Media coverage about Safety Insurance Group (NASDAQ:SAFT) has trended positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Safety Insurance Group earned a daily sentiment score of 0.45 on Accern’s scale. Accern also assigned news articles about the insurance provider an impact score of 0 out of 100, meaning that recent media coverage is extremely unlikely to have an impact on the stock’s share price in the near future.

Shares of Safety Insurance Group (SAFT) traded up 1.50% during midday trading on Friday, hitting $71.00. 25,119 shares of the stock were exchanged. The stock’s 50-day moving average price is $69.11 and its 200-day moving average price is $69.95. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 16.84 and a beta of 0.77. Safety Insurance Group has a 1-year low of $62.75 and a 1-year high of $75.05.

Separately, BidaskClub raised shares of Safety Insurance Group from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th.

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Safety Insurance Group Company Profile

Safety Insurance Group, Inc is a provider of private passenger automobile insurance. The Company offers a portfolio of property and casualty insurance products. The Company is engaged in property and casualty insurance operations. The Company’s product line includes private passenger automobile, commercial automobile, homeowners, business owners’ policies, personal umbrella, dwelling fire, commercial umbrella, inland marine and watercraft.

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