Revenue Update on Safety Insurance Group(NASDAQ:SAFT)

Safety Insurance Group(NASDAQ:SAFT) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Feb 22, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $192.001M. Analysts estimated a revenue of $190.800M. The revenues were 0.63% above the estimates. Earnings per share were $0.79. The reported EPS was above estimates by 6.76%. Analysts had estimated an EPS of $0.74.

Safety Insurance Group (SAFT) made into the market gainers list on Wednesdays trading session with the shares advancing 0.55% or 0.4 points. Due to strong positive momentum, the stock ended at $73.55, which is also near the day’s high of $73.65. The stock began the session at $72.95 and the volume stood at 52,346 shares. The 52-week high of the shares is $75.05 and the 52 week low is $54.33. The company has a current market capitalization of $1,114 M and it has 1,51,50,619 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Dec 5, 2016, Frederic H Lindeberg (director) sold 2,000 shares at $70.77 per share price.Also, On Nov 21, 2016, Paul J Narciso (VP – Claims) sold 250 shares at $70.70 per share price.On Sep 12, 2016, David F Brussard (director) sold 20,000 shares at $66.97 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).

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