Safety Insurance Group, Inc. (NASDAQ:SAFT) plans a $0.90 Quarterly Dividend

Opinions of the company Safety Insurance Group, Inc. (NASDAQ:SAFT – Get Votes) announced a dividend on Wednesday, August 3rd, Zacks reports. Shareholders of record on Thursday, September 1st will be given a dividend of 0.90 per share by the insurance provider on Thursday, September 15th. The company paid $3.60 per share during the last period and the annual yield was 4.08 %. The latest date for the share price is Wednesday, August 31st.

Safety Insurance Group has a payout ratio of 76.6% which indicates that its dividend is covered by its earnings, but it may not be in the future if the company’s earnings decline.

Company Opinion Safety Insurance Group Stock Performance

Shares of SAFT traded up $2.88 during midday trading on Friday, hitting $88.29. 1,110 shares of the company changed hands, compared to its average of 74,662. The Safety Insurance Group has a seventy week low of $76.50 and a seventy week high of $99.75. The company has a market capitalization of $1.30 billion, a P/E ratio of 17.65 and a beta of 0.22. The 50-day moving average is $92.46 and the 200-day moving average is $88.75. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt ratio of 0.03.

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Security Insurance Group (NASDAQ:SAFT – Get Votes) last issued its earnings results on Wednesday, May 4th. The insurance provider reported $0.99 earnings per share (EPS) for the quarter. The Safety Insurance Group had a margin of 8.87% and a return of 10.17%. The company had revenue of $195.00 million for the quarter.

Researchers Set New Price Targets

Separately, TheStreet lowered shares of Safety Insurance Group from a “b” rating to a “c+” rating in a report on Friday, July 22nd.

Buying and Selling Insider

In other news, Director Peter J. Manning sold 2,000 shares of the business’s stock in a transaction dated Thursday, June 2nd. The shares traded at an average price of $90.93, for a total value of $181,860.00. Following the completion of the sale, the director now owns 5,000 shares of the company’s stock, valued at approximately $454,650. The transaction was disclosed in a filing with the Securities & Exchange Commission, available through SEC website. 4.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have bought and sold SAFT shares. Captrust Financial Advisors lifted its holdings in shares of Safety Insurance Group by 20.2% in the first quarter. Captrust Financial Advisors now owns 2,431 shares of the insurance provider’s stock valued at $221,000 after purchasing an additional 409 shares during the last quarter. Envestnet Asset Management Inc. acquired a new stake in shares of Safety Insurance Group in the first quarter valued at about $223,000. Eaton Vance Management raised its holdings in shares of Safety Insurance Group by 30.0% in the first quarter. Eaton Vance Management now owns 4,021 shares of the insurance company’s stock valued at $365,000 after acquiring an additional 927 shares during the period. PDT Partners LLC lifted its holdings in shares of Safety Insurance Group by 4.0% in the first quarter. PDT Partners LLC now owns 7,413 shares of the insurance company’s stock valued at $673,000 after acquiring an additional 288 shares during the period. Finally, MetLife Investment Management LLC lifted its holdings in shares of Safety Insurance Group by 52.6% in the first quarter. MetLife Investment Management LLC now owns 7,993 shares of the insurance company’s stock valued at $726,000 after acquiring an additional 2,755 shares during the period. 79.46% of the stock is owned by investors and hedge funds.

Opinions of the company Safety Insurance Group Company

(Get Votes)

Safety Insurance Group, Inc provides personal and commercial auto, as well as homeowner’s insurance in the United States. The company’s passenger car policies provide coverage for bodily injury and property damage to others, coverage for occupants of the insured vehicle/insured, and damage to the insured vehicle in the event of a collision or other accident.

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Dividend History for Safety Insurance Group (NASDAQ:SAFT)

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