Safety Insurance Group Inc. (SAFT) Reaches New 52-Week High at $67.53
Safety Insurance Group Inc. (NASDAQ:SAFT) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as $67.53 and last traded at $67.39, with a volume of 38,131 shares trading hands. The stock had previously closed at $66.70.
Separately, Compass Point upped their price target on shares of 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 firm has a 50 day moving average price of $65.05 and a 200-day moving average price of $59.93. The firm has a market cap of $1.03 billion and a PE ratio of 18.09.
Safety Insurance Group (NASDAQ:SAFT) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.27. Equities research analysts forecast that Safety Insurance Group Inc. will post $4.13 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, September 1st will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date is Tuesday, August 30th.
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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