Adams Asset Advisors Has Raised Verizon Communications (VZ) Position; Safety Insurance Group (SAFT)’s Sentiment Is 1.15

May 25, 2018 - By Peter Erickson

Verizon Communications Inc. (NYSE:VZ) Logo

Adams Asset Advisors Llc increased Verizon Communications (VZ) stake by 10.89% reported in 2017Q4 SEC filing. Adams Asset Advisors Llc acquired 15,045 shares as Verizon Communications (VZ)’s stock declined 11.05%. The Adams Asset Advisors Llc holds 153,252 shares with $8.11 million value, up from 138,207 last quarter. Verizon Communications now has $200.98B valuation. The stock increased 0.10% or $0.05 during the last trading session, reaching $48.64. About 13.58 million shares traded. Verizon Communications Inc. (NYSE:VZ) has declined 3.72% since May 25, 2017 and is downtrending. It has underperformed by 15.27% the S&P500.

Safety Insurance Group Inc (SAFT) investors sentiment decreased to 1.15 in Q4 2017. It’s down -0.68, from 1.83 in 2017Q3. The ratio dived, as 63 hedge funds opened new or increased holdings, while 55 reduced and sold their stock positions in Safety Insurance Group Inc. The hedge funds in our database now have: 12.00 million shares, up from 11.84 million shares in 2017Q3. Also, the number of hedge funds holding Safety Insurance Group Inc in top ten holdings was flat from 1 to 1 for the same number . Sold All: 11 Reduced: 44 Increased: 44 New Position: 19.

Since February 13, 2018, it had 0 insider buys, and 2 insider sales for $444,552 activity. 1,974 shares were sold by Skiadas Anthony T, worth $97,595.

More notable recent Verizon Communications Inc. (NYSE:VZ) news were published by: Globenewswire.com which released: “Verizon holds sellside analyst meeting” on May 21, 2018, also Globenewswire.com with their article: “Verizon to repurchase debt securities” published on May 11, 2018, Globenewswire.com published: “Verizon to speak at JP Morgan conference May 16” on May 15, 2018. More interesting news about Verizon Communications Inc. (NYSE:VZ) were released by: Globenewswire.com and their article: “Verizon collapses key network elements, improving efficiency and customer functionality” published on April 30, 2018 as well as Benzinga.com‘s news article titled: “JPMorgan: Verizon On ‘Stable Footing’ As 5G Opportunity Crystallizes” with publication date: May 11, 2018.

Adams Asset Advisors Llc decreased Apache Corp (NYSE:APA) stake by 19,788 shares to 12,450 valued at $525,000 in 2017Q4. It also reduced Exxon Mobil Corp (NYSE:XOM) stake by 5,003 shares and now owns 104,661 shares. Rowan Companies (NYSE:RDC) was reduced too.

Among 31 analysts covering Verizon Communications Inc. (NYSE:VZ), 15 have Buy rating, 0 Sell and 16 Hold. Therefore 48% are positive. Verizon Communications Inc. had 84 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of Verizon Communications Inc. (NYSE:VZ) earned “Market Perform” rating by Wells Fargo on Monday, January 23. As per Wednesday, February 28, the company rating was upgraded by Moffett Nathanson. Citigroup upgraded the shares of VZ in report on Tuesday, January 3 to “Buy” rating. As per Wednesday, January 24, the company rating was maintained by RBC Capital Markets. The firm has “Neutral” rating given on Friday, October 16 by Nomura. The firm has “Neutral” rating by Hilliard Lyons given on Wednesday, July 27. JP Morgan maintained Verizon Communications Inc. (NYSE:VZ) on Wednesday, January 24 with “Neutral” rating. Oppenheimer maintained Verizon Communications Inc. (NYSE:VZ) on Thursday, August 10 with “Hold” rating. The firm has “Buy” rating by Moffett Nathanson given on Tuesday, February 21. As per Friday, May 26, the company rating was maintained by RBC Capital Markets.

Investors sentiment increased to 1.02 in Q4 2017. Its up 0.14, from 0.88 in 2017Q3. It improved, as 57 investors sold VZ shares while 662 reduced holdings. 141 funds opened positions while 592 raised stakes. 2.54 billion shares or 0.48% more from 2.53 billion shares in 2017Q3 were reported. Element Capital Management Limited Com owns 894,251 shares. 6,349 were reported by Benchmark Cap. Washington reported 0.9% in Verizon Communications Inc. (NYSE:VZ). Weaver C Barksdale And Incorporated reported 24,382 shares stake. Teacher Retirement Systems Of Texas has invested 0.76% in Verizon Communications Inc. (NYSE:VZ). Westpac Bk Corporation holds 0.48% of its portfolio in Verizon Communications Inc. (NYSE:VZ) for 399,888 shares. Sandy Spring Financial Bank owns 209,085 shares or 1.01% of their US portfolio. Css Ltd Liability Company Il has invested 0.05% in Verizon Communications Inc. (NYSE:VZ). Weatherly Asset Mngmt LP stated it has 0.66% of its portfolio in Verizon Communications Inc. (NYSE:VZ). Pring Turner Cap Grp Inc has 1.48% invested in Verizon Communications Inc. (NYSE:VZ) for 25,919 shares. Bb&T holds 943,993 shares or 0.93% of its portfolio. Trustmark Retail Bank Tru Department has 0.56% invested in Verizon Communications Inc. (NYSE:VZ) for 96,092 shares. Edgewood Management Limited Liability Company has invested 0% in Verizon Communications Inc. (NYSE:VZ). Pekin Singer Strauss Asset Mgmt Il reported 315,998 shares. Jefferies Grp Inc Limited Co holds 0.01% in Verizon Communications Inc. (NYSE:VZ) or 27,580 shares.

Since January 1, 0001, it had 0 buys, and 2 selling transactions for $1.35 million activity.

The stock increased 1.00% or $0.85 during the last trading session, reaching $85.55. About 22,320 shares traded. Safety Insurance Group, Inc. (SAFT) has risen 10.76% since May 25, 2017 and is uptrending. It has underperformed by 0.79% the S&P500.

Safety Insurance Group, Inc. provides private passenger and commercial automobile insurance in Massachusetts, New Hampshire, and Maine. The company has market cap of $1.31 billion. The Company’s private passenger automobile policies offer coverage for bodily injury and property damage to others, no-fault personal injury coverage for the insured/insuredÂ’s car occupants, and physical damage coverage for an insuredÂ’s own vehicle for collision or other perils. It has a 21.89 P/E ratio. The firm also provides commercial automobile policies that offer insurance for commercial vehicles used for business purposes, including private passenger-type vehicles, trucks, tractors and trailers, insure individual vehicles, and commercial fleets; and homeowners policies, which provide coverage for homes, condominiums, and apartments for losses to a dwelling and its contents from various perils, and coverage for liability to others arising from ownership or occupancy.

Srb Corp holds 15.06% of its portfolio in Safety Insurance Group, Inc. for 1.46 million shares. Ronna Sue Cohen owns 35,315 shares or 2.02% of their US portfolio. Moreover, Stanley has 0.41% invested in the company for 23,486 shares. The Florida-based Naples Global Advisors Llc has invested 0.33% in the stock. Prospector Partners Llc, a Connecticut-based fund reported 28,300 shares.

Safety Insurance Group, Inc. (NASDAQ:SAFT) Institutional Positions Chart

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