Safety Insurance Group Inc. (SAFT) Sets New 52-Week High at $65.45
Safety Insurance Group Inc. (NASDAQ:SAFT)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $65.45 and last traded at $65.22, with a volume of 12,633 shares changing hands. The stock had previously closed at $65.21.
Separately, Compass Point upped their price objective on Safety Insurance Group from $58.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, August 5th.
The company’s 50-day moving average is $63.14 and its 200-day moving average is $58.67. The stock has a market cap of $988.00 million and a price-to-earnings ratio of 17.39.
Safety Insurance Group (NASDAQ:SAFT) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $1.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.27. Analysts expect that Safety Insurance Group Inc. will post $3.94 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st will be issued a dividend of $0.70 per share. The ex-dividend date is Tuesday, August 30th. This represents a $2.80 annualized dividend and a dividend yield of 4.30%.
Several institutional investors have added to or reduced their stakes in SAFT. 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. 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. Victory Capital Management Inc. acquired a new position in Safety Insurance Group during the fourth quarter valued at about $11,778,000. Finally, Matarin Capital Management LLC acquired a new position in Safety Insurance Group during the fourth quarter valued at about $1,222,000.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.