Safety Insurance Group Inc. (SAFT) Hits New 52-Week High at $66.42
Shares of Safety Insurance Group Inc. (NASDAQ:SAFT) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $66.42 and last traded at $66.11, with a volume of 20,234 shares. The stock had previously closed at $66.27.
Separately, Compass Point raised their target price on Safety Insurance Group from $58.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday, August 5th.
The firm has a market capitalization of $998.31 million and a PE ratio of 17.57. The stock has a 50 day moving average price of $63.61 and a 200 day moving average price of $59.02.
Safety Insurance Group (NASDAQ:SAFT) last released its earnings results on Wednesday, August 3rd. The company reported $1.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.27. On average, analysts predict that Safety Insurance Group Inc. will post $4.13 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, September 1st will be paid a $0.70 dividend. The ex-dividend date is Tuesday, August 30th. This represents a $2.80 annualized dividend and a yield of 4.23%.
A hedge fund recently raised its stake in Safety Insurance Group stock. Rhumbline Advisers raised its stake in shares of Safety Insurance Group Inc. (NASDAQ:SAFT) by 2.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,135 shares of the company’s stock after buying an additional 635 shares during the period. Rhumbline Advisers owned approximately 0.17% of Safety Insurance Group worth $1,473,000 as of its most recent SEC filing.
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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