Safety Insurance Group (NASDAQ:SAFT) Issues Quarterly Earnings Results

Safety Insurance Group (NASDAQ:SAFT) announced its earnings results on Wednesday. The insurance provider reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.70, FiscalAI reports. The company had revenue of $327.77 million for the quarter, compared to analysts’ expectations of $533.84 million. Safety Insurance Group had a net margin of 5.33% and a return on equity of 7.23%.

Safety Insurance Group Trading Down 0.1%

Safety Insurance Group stock traded down $0.06 during trading on Friday, reaching $104.30. 8,685 shares of the company were exchanged, compared to its average volume of 131,504. Safety Insurance Group has a 52-week low of $67.93 and a 52-week high of $104.41. The company has a market capitalization of $1.53 billion, a P/E ratio of 22.48 and a beta of 0.17. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.41 and a quick ratio of 0.41. The stock’s 50 day simple moving average is $103.75 and its two-hundred day simple moving average is $85.23.

Safety Insurance Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st will be given a dividend of $0.92 per share. The ex-dividend date is Tuesday, December 1st. This represents a $3.68 dividend on an annualized basis and a yield of 3.5%. Safety Insurance Group’s dividend payout ratio (DPR) is presently 79.31%.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Safety Insurance Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, September 17th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Safety Insurance Group Company Profile

Safety Insurance Group, Inc is an insurance holding company that provides property and casualty insurance products primarily through its subsidiary, Safety Insurance Company. The company focuses on personal and commercial insurance coverage for individuals, families, and businesses.

Its product offerings include private passenger automobile insurance, homeowners insurance, dwelling fire coverage, business owners policies, commercial automobile insurance, and related property and liability products.