Safety Insurance Group, Inc. (SAFT) To Go Ex-Dividend on March 2nd

Safety Insurance Group, Inc. (NASDAQ:SAFT) declared a quarterly dividend on Tuesday, February 17th. Stockholders of record on Monday, March 2nd will be paid a dividend of 0.92 per share by the insurance provider on Friday, March 13th. This represents a c) annualized dividend and a dividend yield of 4.7%. The ex-dividend date is Monday, March 2nd.

Safety Insurance Group has increased its dividend payment by an average of 0.0%annually over the last three years. Safety Insurance Group has a payout ratio of 52.6% indicating that its dividend is sufficiently covered by earnings.

Safety Insurance Group Stock Down 0.2%

Shares of NASDAQ SAFT traded down $0.12 during mid-day trading on Friday, reaching $77.63. The company had a trading volume of 71,181 shares, compared to its average volume of 78,569. The stock has a market cap of $1.16 billion, a P/E ratio of 11.59 and a beta of 0.22. The firm has a 50 day simple moving average of $77.72 and a two-hundred day simple moving average of $74.80. Safety Insurance Group has a 52-week low of $67.04 and a 52-week high of $84.20. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.03.

Safety Insurance Group (NASDAQ:SAFT) last posted its quarterly earnings data on Wednesday, February 25th. The insurance provider reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.23. The company had revenue of $319.34 million during the quarter. Safety Insurance Group had a net margin of 7.85% and a return on equity of 9.69%.

Safety Insurance Group Company Profile

Safety Insurance Group, Inc is a publicly traded property and casualty insurance holding company incorporated in Massachusetts in 1994. Its principal subsidiary, Safety Insurance Company, traces its roots back to 1923 and has since evolved into a regional personal lines insurer. The company is headquartered in Boston, Massachusetts, and trades on the Nasdaq under the symbol SAFT.

Safety Insurance Group focuses primarily on private passenger automobile and homeowners insurance products, along with dwelling fire, umbrella liability, and certain commercial auto coverages.