Somewhat Positive Media Coverage Somewhat Unlikely to Affect Safety Insurance Group (SAFT) Stock Price
News coverage about Safety Insurance Group (NASDAQ:SAFT) has trended somewhat positive recently, according to Accern. The research group identifies negative and positive media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Safety Insurance Group earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave media coverage about the insurance provider an impact score of 45.8035132884986 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Shares of Safety Insurance Group (SAFT) traded down 0.69% during midday trading on Thursday, reaching $71.55. The company’s stock had a trading volume of 23,943 shares. Safety Insurance Group has a 12 month low of $65.23 and a 12 month high of $75.05. The company has a 50-day moving average price of $70.59 and a 200-day moving average price of $69.84. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of 17.03 and a beta of 0.77.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.47%. This is an increase from Safety Insurance Group’s previous quarterly dividend of $0.70. The ex-dividend date is Wednesday, August 30th. Safety Insurance Group’s dividend payout ratio (DPR) is presently 66.67%.
Separately, BidaskClub raised Safety Insurance Group from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th.
About Safety Insurance Group
Safety Insurance Group, Inc is a provider of private passenger automobile insurance. The Company offers a portfolio of property and casualty insurance products. The Company is engaged in property and casualty insurance operations. The Company’s product line includes private passenger automobile, commercial automobile, homeowners, business owners’ policies, personal umbrella, dwelling fire, commercial umbrella, inland marine and watercraft.
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