Safety Insurance Group Inc. (SAFT) Sets New 1-Year High at $63.55
Safety Insurance Group Inc. (NASDAQ:SAFT) shares hit a new 52-week high during trading on Monday . The stock traded as high as $63.55 and last traded at $63.51, with a volume of 46,897 shares traded. The stock had previously closed at $61.90.
Separately, Compass Point increased their price target on shares of Safety Insurance Group from $57.00 to $58.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 4th.
The firm has a market capitalization of $968.60 million and a P/E ratio of 28.20. The stock has a 50-day moving average of $60.54 and a 200 day moving average of $57.30.
Safety Insurance Group (NASDAQ:SAFT) last posted its quarterly earnings data on Tuesday, May 3rd. The company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.72 by $0.12. During the same quarter in the previous year, the business earned ($2.37) EPS. Equities research analysts anticipate that Safety Insurance Group Inc. will post $3.94 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 15th. Shareholders of record on Wednesday, June 1st were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 4.43%. The ex-dividend date was Friday, May 27th.
In other Safety Insurance Group news, CFO William J. Begley, Jr. sold 5,132 shares of Safety Insurance Group stock in a transaction on Friday, May 6th. The shares were sold at an average price of $59.47, for a total transaction of $305,200.04. Following the completion of the transaction, the chief financial officer now directly owns 20,474 shares of the company’s stock, valued at $1,217,588.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of hedge funds and institutional investors have recently bought and sold shares of SAFT. Matarin Capital Management LLC purchased a new position in Safety Insurance Group during the fourth quarter valued at approximately $1,222,000. Rhumbline Advisers raised its position in Safety Insurance Group by 2.5% in the fourth quarter. Rhumbline Advisers now owns 26,135 shares of the company’s stock valued at $1,473,000 after buying an additional 635 shares during the last quarter. California State Teachers Retirement System raised its position in Safety Insurance Group by 1.5% in the fourth quarter. California State Teachers Retirement System now owns 27,964 shares of the company’s stock valued at $1,577,000 after buying an additional 400 shares during the last quarter. Boston Partners raised its position in Safety Insurance Group by 6.5% in the fourth quarter. Boston Partners now owns 119,845 shares of the company’s stock valued at $6,757,000 after buying an additional 7,325 shares during the last quarter. Finally, Victory Capital Management Inc. purchased a new position in Safety Insurance Group during the fourth quarter valued at approximately $11,778,000.
Safety Insurance Group, Inc is a provider of personal lines property and casualty insurance focuses primarily on the Massachusetts market. The Company provides private passenger automobile insurance. In addition to private passenger automobile insurance, it offers a portfolio of property and casualty insurance products, including commercial automobile, homeowners, dwelling fire, umbrella and business owner policies.
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