Safety Insurance Group Inc. (SAFT) Sets New 1-Year High at $66.42
Safety Insurance Group Inc. (NASDAQ:SAFT) reached a new 52-week high on Wednesday . The stock traded as high as $66.42 and last traded at $66.11, with a volume of 20,234 shares traded. The stock had previously closed at $66.27.
Separately, Compass Point increased their price objective on Safety Insurance Group from $58.00 to $60.00 and gave the stock a “neutral” rating in a report on Friday, August 5th.
The firm has a market capitalization of $1.01 billion and a price-to-earnings ratio of 17.70. The firm has a 50 day moving average of $63.90 and a 200-day moving average of $59.13.
Safety Insurance Group (NASDAQ:SAFT) last issued its earnings results on Wednesday, August 3rd. The company reported $1.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.27. On average, equities analysts forecast that Safety Insurance Group Inc. will post $4.13 earnings per share for the current year.
The company 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 $0.70 dividend. The ex-dividend date is Tuesday, August 30th. This represents a $2.80 annualized dividend and a dividend yield of 4.22%.
A hedge fund recently raised its stake in Safety Insurance Group stock. Rhumbline Advisers boosted its stake in Safety Insurance Group Inc. (NASDAQ:SAFT) by 2.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 26,135 shares of the company’s stock after buying an additional 635 shares during the period. Rhumbline Advisers owned about 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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