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

Safety Insurance Group, Inc. (NASDAQ:SAFT) declared a quarterly dividend on Tuesday, November 5th, RTT News reports. Shareholders of record on Monday, December 2nd will be given a dividend of 0.90 per share by the insurance provider on Friday, December 13th. This represents a $3.60 dividend on an annualized basis and a yield of 4.08%. The ex-dividend date is Monday, December 2nd.

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

Safety Insurance Group Price Performance

Shares of NASDAQ SAFT opened at $88.30 on Thursday. The company has a market cap of $1.31 billion, a PE ratio of 25.59 and a beta of 0.17. The company has a 50-day simple moving average of $82.00 and a 200-day simple moving average of $80.54. Safety Insurance Group has a 12 month low of $71.99 and a 12 month high of $90.00.

Safety Insurance Group (NASDAQ:SAFT) last issued its quarterly earnings results on Wednesday, August 7th. The insurance provider reported $1.18 earnings per share for the quarter, missing the consensus estimate of $1.30 by ($0.12). Safety Insurance Group had a net margin of 4.96% and a return on equity of 5.53%. The business had revenue of $269.78 million during the quarter.

Insider Activity

In related news, VP Glenn Hiltpold sold 389 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $84.41, for a total value of $32,835.49. Following the completion of the sale, the vice president now directly owns 11,204 shares in the company, valued at approximately $945,729.64. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 915 shares of company stock valued at $75,125 in the last 90 days. 2.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Safety Insurance Group from a “buy” rating to a “hold” rating in a research report on Wednesday.

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.