Recent exceptional positive changes in investment behavior have benefitted Safety Insurance Group Inc (NASDAQ: SAFT): the stock rose on very heavy volume, and positive upside/downside volume developed.
Safety Insurance Group Inc (NASDAQ: SAFT) has benefited from important positive changes in fundamentals: significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be below the cost of capital, SAFT is expected to continue to be a modest Value Eraser.
Safety Insurance Group has a current Value Trend Rating of C (Low Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Safety Insurance Group has a very low Appreciation Score of 14 but a good Power Rating of 84, with the Low Neutral Value Trend Rating the result.
Recent Price Action
Safety Insurance Group Inc (NASDAQ: SAFT) stock closed at $82.43 on 3/15/24 after a large increase of 2.7%. Moreover, trading volume in this advance was exceptionally high at 316% of normal. The stock has risen 4.3% during the last week and has been exceptionally strong relative to the market over the last nine months.
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