Safety Insurance Group (NASDAQ: SAFT) was upgraded by Zacks Investment Research from an “underperform” rating to a “neutral” rating in a note issued to investors on Tuesday.
Safety Insurance Group, Inc. (Safety) is a provider of private passenger automobile insurance in Massachusetts. In addition to private passenger automobile insurance (which represented 69.2% of its direct written premiums during the year ended December 31, 2009), it offers a portfolio of other insurance products, including commercial automobile (12 % of 2009 direct written premiums), homeowners (14.7% of 2009 direct written premiums), dwelling fire, umbrella and business owner policies (totaling 4.1% of 2009 direct written premiums). It operates through its subsidiaries, Safety Insurance Company, Safety Indemnity Insurance Company and Safety Property and Casualty Insurance Company (together referred to as the Insurance Subsidiaries). The Company’s product lines includes Private Passenger Automobile, Commercial Automobile, Homeowners, Business Owners Policies, Commercial Package Policies, Personal Umbrella, Dwelling Fire, Commercial Umbrella, Inland Marine, and Watercraft.
Shares of Safety Insurance Group opened at 42.45 on Tuesday. Safety Insurance Group has a 52 week low of $35.50 and a 52 week high of $50.10. The stock’s 50-day moving average is $40.9 and its 200-day moving average is $40.12. The company has a market cap of $644.6 million and a P/E ratio of 29.14.