Safety Insurance Group, Inc. (NASDAQ:SAFT) Announces $0.90 Quarterly Dividend

Safety Insurance Group, Inc. (NASDAQ:SAFT) announced a quarterly dividend on Wednesday, May 8th, Zacks reports. Stockholders of record on Monday, June 3rd will be paid a dividend of 0.90 per share by the insurance provider on Friday, June 14th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.28%. The ex-dividend date is Monday, June 3rd.

Safety Insurance Group has a dividend payout ratio of 57.6% meaning its dividend is sufficiently covered by earnings.

Safety Insurance Group Trading Down 0.4 %

NASDAQ SAFT traded down $0.31 during mid-day trading on Friday, hitting $84.04. The company’s stock had a trading volume of 585 shares, compared to its average volume of 53,501. Safety Insurance Group has a 52-week low of $65.78 and a 52-week high of $88.72. The stock’s fifty day simple moving average is $80.19 and its two-hundred day simple moving average is $79.42. The firm has a market capitalization of $1.25 billion, a P/E ratio of 66.17 and a beta of 0.19. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.38 and a quick ratio of 0.38.

Safety Insurance Group (NASDAQ:SAFT) last announced its earnings results on Tuesday, February 27th. The insurance provider reported $0.30 EPS for the quarter. The business had revenue of $258.40 million for the quarter. Safety Insurance Group had a return on equity of 1.56% and a net margin of 2.03%.

Analyst Ratings Changes

Separately, TheStreet upgraded Safety Insurance Group from a “c+” rating to a “b” rating in a research note on Tuesday, February 27th.

Insider Buying and Selling at Safety Insurance Group

In other news, VP Stephen Albert Varga sold 900 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $79.35, for a total value of $71,415.00. Following the sale, the vice president now owns 28,465 shares in the company, valued at approximately $2,258,697.75. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.00% of the stock is currently owned by insiders.

Safety Insurance Group Company Profile

Safety Insurance Group, Inc provides private passenger and commercial automobile, and homeowner insurance in the United States. 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/insured's car occupants, and physical damage coverage for an insured's own vehicle for collision or other perils.