Safety Insurance Group Inc. (SAFT) Sets New 12-Month High at $67.01
Safety Insurance Group Inc. (NASDAQ:SAFT) reached a new 52-week high during trading on Wednesday . The stock traded as high as $67.01 and last traded at $66.05, with a volume of 22,078 shares changing hands. The stock had previously closed at $66.04.
Separately, Compass Point increased their price objective on Safety Insurance Group from $57.00 to $58.00 and gave the company a “neutral” rating in a research report on Wednesday, May 4th.
The stock has a 50-day moving average of $64.22 and a 200 day moving average of $59.40. The stock has a market cap of $998.00 million and a price-to-earnings ratio of 17.56.
Safety Insurance Group (NASDAQ:SAFT) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $1.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.27. Equities analysts anticipate that Safety Insurance Group Inc. will post $4.13 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 4.24%.
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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