Safety Insurance Group, Inc. (SAFT)’s Bullish Double Top Pattern Points to Lower Stock Risks

December 7, 2017 - By Dolores Ford

Investors sentiment decreased to 1.33 in Q2 2017. Its down 0.20, from 1.53 in 2017Q1. It worsened, as 13 investors sold Safety Insurance Group, Inc. shares while 39 reduced holdings. 15 funds opened positions while 54 raised stakes. 11.88 million shares or 0.54% less from 11.95 million shares in 2017Q1 were reported.
Moreover, Capstone Asset Management has 0.01% invested in Safety Insurance Group, Inc. (NASDAQ:SAFT). Strs Ohio reported 0% stake. Parkside Financial Bank holds 0% or 141 shares in its portfolio. Royal Bank & Trust Of Canada has invested 0% in Safety Insurance Group, Inc. (NASDAQ:SAFT). 25,270 are held by Los Angeles Capital Management & Equity Research Inc. Aperio Gru holds 0% or 8,315 shares in its portfolio. Prudential Fincl Incorporated stated it has 0% in Safety Insurance Group, Inc. (NASDAQ:SAFT). Arizona State Retirement has invested 0.01% of its portfolio in Safety Insurance Group, Inc. (NASDAQ:SAFT). Metropolitan Life Insurance Communication Ny owns 9,985 shares for 0% of their portfolio. Sg Americas Secs Limited Com owns 0% invested in Safety Insurance Group, Inc. (NASDAQ:SAFT) for 1,465 shares. Ubs Asset Mngmt Americas holds 0% of its portfolio in Safety Insurance Group, Inc. (NASDAQ:SAFT) for 4,929 shares. Guggenheim Capital Limited Liability Company invested in 0% or 22,943 shares. Hancock Holdings Commerce reported 17,223 shares. Comerica National Bank stated it has 0.01% of its portfolio in Safety Insurance Group, Inc. (NASDAQ:SAFT). Boston Prtnrs holds 139,116 shares or 0.01% of its portfolio.

The chart of Safety Insurance Group, Inc. (SAFT) shows a double top with $84.89 target or 5.00 % above today’s $80.85 share price. The 5 months chart pattern indicates low risk for the $1.23 billion company. It was reported on Dec, 7 by Finviz.com. If the $84.89 price target is reached, the company will be worth $61.55 million more. Double tops are rare but powerful chart patterns.

The stock increased 0.56% or $0.45 during the last trading session, reaching $80.85. About 38,391 shares traded. Safety Insurance Group, Inc. (NASDAQ:SAFT) has risen 13.34% since December 7, 2016 and is uptrending. It has underperformed by 3.36% the S&P500.

More important recent Safety Insurance Group, Inc. (NASDAQ:SAFT) news were published by: Nasdaq.com which released: “Safety Insurance Group, Inc. (SAFT) Ex-Dividend Date Scheduled for November 30 …” on November 29, 2017, also Nasdaq.com published article titled: “Safety Insurance Group, Inc. (SAFT) Ex-Dividend Date Scheduled for August 30, 2017”, Nasdaq.com published: “Ex-Dividend Reminder: Cathay General Bancorp, First Financial Bancorp and …” on November 28, 2017. More interesting news about Safety Insurance Group, Inc. (NASDAQ:SAFT) was released by: Fool.com and their article: “Safety Insurance Group Drives Safely Through the 4th Quarter” with publication date: February 23, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: