Safety Insurance Group (SAFT) Receives Coverage Optimism Rating of 0.22

News articles about Safety Insurance Group (NASDAQ:SAFT) have been trending somewhat positive recently, according to Accern Sentiment. The research group rates the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Safety Insurance Group earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned media stories about the insurance provider an impact score of 45.0410803414722 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Here are some of the news articles that may have effected Accern Sentiment’s rankings:

SAFT has been the topic of a number of recent analyst reports. BidaskClub upgraded shares of Safety Insurance Group from a “hold” rating to a “buy” rating in a research report on Wednesday, March 21st. Compass Point upgraded shares of Safety Insurance Group from a “sell” rating to a “neutral” rating and set a $70.00 price target on the stock in a research report on Thursday, March 8th.

NASDAQ:SAFT traded down $1.05 on Thursday, reaching $76.85. The stock had a trading volume of 42,439 shares, compared to its average volume of 46,130. The firm has a market cap of $1,159.69, a PE ratio of 18.88 and a beta of 0.76. Safety Insurance Group has a 1-year low of $65.75 and a 1-year high of $84.00.

Safety Insurance Group (NASDAQ:SAFT) last announced its earnings results on Monday, February 26th. The insurance provider reported $0.72 earnings per share for the quarter. Safety Insurance Group had a net margin of 7.43% and a return on equity of 8.99%. The company had revenue of $213.57 million during the quarter.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st were paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date of this dividend was Wednesday, February 28th. Safety Insurance Group’s dividend payout ratio is presently 78.43%.

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Safety Insurance Group Company Profile

Safety Insurance Group, Inc is a provider of private passenger automobile insurance. The Company offers a portfolio of property and casualty insurance products. The Company is engaged in property and casualty insurance operations. The Company’s product line includes private passenger automobile, commercial automobile, homeowners, business owners’ policies, personal umbrella, dwelling fire, commercial umbrella, inland marine and watercraft.

Insider Buying and Selling by Quarter for Safety Insurance Group (NASDAQ:SAFT)

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