Safety Insurance Group, Inc. (NASDAQ:SAFT – Get Rating ) announced a quarterly dividend on Wednesday, August 3rd, Zacks reports. Stockholders of record on Thursday, September 1st will be given a dividend of 0.90 per share by the insurance provider on Thursday, September 15th. This represents a $3.60 annual dividend and a yield of 4.08%. The ex-dividend date of this dividend is Wednesday, August 31st.
Safety Insurance Group has a dividend payout ratio of 76.6%, indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline.
Introducing Safety Insurance Group shares
Shares of SAFT traded up $2.88 during mid-day trading on Friday, reaching $88.29. 1,110 shares of the company’s stock were exchanged, with an average volume of 74,662. Safety Insurance Group has a fifty-two week low of $76.50 and a fifty-two week high of $99.75. The firm has a market cap of $1.30 billion, a P/E ratio of 17.65 and a beta of 0.22. The business’s 50-day moving average is $92.46, and its two-hundred-day moving average is $88.75. The company has a current ratio of 0.33, a quick ratio of 0.33, and a debt-to-equity ratio of 0.03.
Safety Insurance Group (NASDAQ:SAFT – Get Rating) last posted its earnings results on Wednesday, May 4th. The insurance provider reported $0.99 earnings per share (EPS) for the quarter. Safety Insurance Group had a net margin of 8.87% and a return on equity of 10.17%. The company had revenue of $195.00 million during the quarter.
Analysts set new price targets
Separately, TheStreet lowered shares of Safety Insurance Group from a “b” rating to a “c+” rating in a report on Friday, July 22nd.
Insider buying and selling
In other news: Principal Peter J. Manning sold 2,000 shares of the business’s stock in a transaction dated Thursday, June 2nd. The shares were sold at an average price of $90.93, for a total value of $181,860.00. Following the closing of the sale, the director now owns 5,000 shares of the company’s stock, valued at approximately $454,650. The transaction was disclosed in a legal filing with the Securities and Exchange Commission, which is available on the SEC’s website. 4.20% of shares are currently owned by insiders.
Institutional inflows and outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of SAFT. Captrust Financial Advisors boosted its holdings in shares of Safety Insurance Group by 20.2% in the first quarter. Captrust Financial Advisors now owns 2,431 shares of the insurance provider’s stock valued at $221,000 after buying an additional 409 shares in the last quarter. Envestnet Asset Management Inc. acquired a new stake in shares of Safety Insurance Group in the first quarter valued at approximately $223,000. Eaton Vance Management increased its holdings in shares of Safety Insurance Group by 30.0% in the first quarter. Eaton Vance Management now owns 4,021 shares of the insurance provider’s stock valued at $365,000 after acquiring an additional 927 shares during the period. PDT Partners LLC boosted its holdings in shares of Safety Insurance Group by 4.0% in the first quarter. PDT Partners LLC now owns 7,413 shares of the insurance provider’s stock valued at $673,000 after acquiring an additional 288 shares during the period. Finally, MetLife Investment Management LLC boosted its holdings in shares of Safety Insurance Group by 52.6% during the first quarter. MetLife Investment Management LLC now owns 7,993 shares of the insurance provider’s stock valued at $726,000 after acquiring an additional 2,755 shares during the period. 79.46% of the shares are owned by institutional investors and hedge funds.
Safety Insurance Group company profile
Safety Insurance Group, Inc provides private passenger and commercial auto and homeowner insurance in the United States. The company’s private passenger auto policies offer coverage for bodily injury and property damage to others, no-fault personal injury coverage for the insured/passengers in the insured’s car, and physical damage coverage for the insured’s own vehicle in a collision or other peril.
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