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

Safety Insurance Group, Inc. (NASDAQ:SAFT) declared a quarterly dividend on Wednesday, August 7th, Zacks reports. Shareholders of record on Tuesday, September 3rd will be paid a dividend of 0.90 per share by the insurance provider on Friday, September 13th. This represents a $3.60 dividend on an annualized basis and a yield of 4.07%. The ex-dividend date of this dividend is Tuesday, September 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 0.3 %

SAFT stock opened at $88.55 on Monday. The stock has a 50-day moving average price of $81.23 and a two-hundred day moving average price of $80.37. Safety Insurance Group has a 1 year low of $65.78 and a 1 year high of $89.46. The stock has a market cap of $1.31 billion, a PE ratio of 25.52 and a beta of 0.17.

Safety Insurance Group (NASDAQ:SAFT) last announced its quarterly earnings data 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). The company had revenue of $269.78 million during the quarter. Safety Insurance Group had a net margin of 4.96% and a return on equity of 5.53%.

Insiders Place Their Bets

In other news, VP Glenn Hiltpold sold 338 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $76.75, for a total value of $25,941.50. Following the completion of the transaction, the vice president now owns 11,593 shares of the company’s stock, valued at $889,762.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Safety Insurance Group from a “buy” rating to a “hold” rating in a report on Thursday, August 8th.

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.