Safety Insurance Group, Inc. (SAFT) To Go Ex-Dividend on September 3rd

Safety Insurance Group, Inc. (NASDAQ:SAFT) declared a quarterly dividend on Wednesday, August 7th, Zacks reports. Investors of record on Tuesday, September 3rd will be given a dividend of 0.90 per share by the insurance provider on Friday, September 13th. This represents a $3.60 annualized dividend and a yield of 4.52%. The ex-dividend date of this dividend is Tuesday, September 3rd.

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

Safety Insurance Group Stock Performance

Shares of Safety Insurance Group stock traded up $0.79 during mid-day trading on Friday, hitting $79.63. 4,424 shares of the stock were exchanged, compared to its average volume of 54,448. Safety Insurance Group has a 12 month low of $65.78 and a 12 month high of $88.72. The company has a 50-day simple moving average of $78.84 and a 200 day simple moving average of $80.37. The company has a market capitalization of $1.18 billion, a P/E ratio of 22.81 and a beta of 0.17.

Safety Insurance Group (NASDAQ:SAFT) last posted its quarterly earnings results on Wednesday, May 8th. The insurance provider reported $0.93 EPS for the quarter. Safety Insurance Group had a net margin of 5.20% and a return on equity of 4.90%. The company had revenue of $268.23 million for the quarter.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other Safety Insurance Group news, VP Glenn Hiltpold sold 338 shares of the business’s stock in a transaction 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 sale, the vice president now directly owns 11,593 shares of the company’s stock, valued at $889,762.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.00% of the company’s stock.

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.