Safety Insurance Group, Inc. (NASDAQ:SAFT – Get Rating ) declared 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 an annual dividend of $3.60 and a yield of 4.08%. The ex-dividend date of this dividend is Wednesday, August 31.
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.
Performance of Safety Insurance Group shares
Shares of SAFT stock traded up $2.88 during mid-day trading on Friday, reaching $88.29. 1,110 shares of the company were exchanged against its average volume of 74,662 shares. 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 company’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 cut 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, Director 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 completion of the sale, the director now owns 5,000 shares in the company, valued at approximately $454,650. The transaction was disclosed in a Securities and Exchange Commission legal filing 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 raised its stake in shares of Safety Insurance Group by 20.2% in the 1st 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 during the first quarter valued at about $223,000. Eaton Vance Management boosted its holdings in shares of Safety Insurance Group by 30.0% during 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 raised its stake 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 personal auto policies offer coverage for bodily injury and property damage to others, no-fault coverage for injury to persons in the insured’s/insured’s car, and coverage for physical damage to the insured’s own vehicle in the event of a collision or other peril.
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