Safety Insurance Group (NASDAQ:SAFT) Issues Quarterly Earnings Results, Misses Expectations By $0.23 EPS

Safety Insurance Group (NASDAQ:SAFT) issued its earnings results on Tuesday. The insurance provider reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.17 by ($0.23), Zacks reports. Safety Insurance Group had a net margin of 6.86% and a return on equity of 6.35%.

Safety Insurance Group Stock Performance

NASDAQ:SAFT traded up $1.35 during trading hours on Tuesday, reaching $79.67. The stock had a trading volume of 74,717 shares, compared to its average volume of 42,070. Safety Insurance Group has a 52 week low of $73.38 and a 52 week high of $90.00. The company has a 50 day moving average price of $79.66 and a two-hundred day moving average price of $81.90. The stock has a market capitalization of $1.18 billion, a PE ratio of 15.78 and a beta of 0.20.

Safety Insurance Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 4.52%. The ex-dividend date is Monday, March 3rd. Safety Insurance Group’s payout ratio is 71.29%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Safety Insurance Group from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th.

About Safety Insurance Group

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.