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

Safety Insurance Group, Inc. (NASDAQ:SAFT - Get Free Report) declared a quarterly dividend on Tuesday, November 5th, RTT News reports. Investors of record on Monday, December 2nd will be paid a dividend of 0.90 per share by the insurance provider on Friday, December 13th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.51%.

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

Safety Insurance Group Stock Up 1.9 %

NASDAQ SAFT traded up $1.48 on Tuesday, reaching $79.77. The company had a trading volume of 38,448 shares, compared to its average volume of 51,426. The stock has a market capitalization of $1.18 billion, a P/E ratio of 22.69 and a beta of 0.17. The company's fifty day moving average is $82.11 and its 200 day moving average is $80.50. Safety Insurance Group has a 52-week low of $71.99 and a 52-week high of $89.46.

Safety Insurance Group (NASDAQ:SAFT - Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The insurance provider reported $1.18 EPS for the quarter, missing analysts' consensus estimates 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%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Safety Insurance Group from a "hold" rating to a "buy" rating in a research report on Thursday, September 5th.

Insider Buying and Selling

In related news, VP Glenn Hiltpold sold 389 shares of Safety Insurance Group stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $84.41, for a total value of $32,835.49. Following the completion of the sale, the vice president now owns 11,204 shares of the company's stock, valued at approximately $945,729.64. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last 90 days, insiders sold 915 shares of company stock valued at $75,125. 2.00% of the stock is owned by insiders.

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.

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