Safety Insurance Group Inc. (SAFT) Reaches New 1-Year 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 target on Safety Insurance Group from $58.00 to $60.00 and gave the company a “neutral” rating in a report on Friday, August 5th.
The stock has a 50 day moving average of $64.51 and a 200-day moving average of $59.51. The firm has a market capitalization of $1.01 billion and a P/E ratio of 17.86.
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 the Zacks’ consensus estimate of $1.12 by $0.27. Equities analysts expect that Safety Insurance Group Inc. will post $4.13 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders 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 yield of 4.18%. 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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