Safety Insurance Group Inc. (SAFT) Reaches New 12-Month High at $65.45
Safety Insurance Group Inc. (NASDAQ:SAFT) reached a new 52-week high during mid-day trading on Thursday . The company 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 increased their price objective on Safety Insurance Group from $58.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday, August 5th.
The firm has a 50-day moving average of $63.33 and a 200 day moving average of $58.80. The firm has a market capitalization of $996.94 million and a P/E ratio of 17.54.
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, beating analysts’ consensus estimates of $1.12 by $0.27. Equities research analysts anticipate that Safety Insurance Group Inc. will post $4.00 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 given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.26%. The ex-dividend date of this dividend is Tuesday, August 30th.
Other large investors have made changes to their positions in the company. California State Teachers Retirement System increased its stake in shares of 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 worth $1,577,000 after buying an additional 400 shares in the last quarter. Rhumbline Advisers increased its stake in shares of Safety Insurance Group by 2.5% in the fourth quarter. Rhumbline Advisers now owns 26,135 shares of the company’s stock worth $1,473,000 after buying an additional 635 shares in the last quarter. Finally, Victory Capital Management Inc. acquired a new stake in shares of Safety Insurance Group during the fourth quarter worth $11,778,000.
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.
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