Safety Insurance Group, Inc. (NASDAQ:SAFT) Plans $0.90 Quarterly Dividend

Safety Insurance Group, Inc. (NASDAQ:SAFT) declared a quarterly dividend on Wednesday, May 8th, Zacks reports. Investors of record on Monday, June 3rd will be paid a dividend of 0.90 per share by the insurance provider on Friday, June 14th. This represents a $3.60 dividend on an annualized basis and a yield of 4.31%. The ex-dividend date is Monday, June 3rd.

Safety Insurance Group has a dividend payout ratio of 57.6% meaning its dividend is sufficiently covered by earnings.

Safety Insurance Group Price Performance

NASDAQ:SAFT traded down $0.85 on Friday, reaching $83.50. 960 shares of the company’s stock traded hands, compared to its average volume of 53,505. The stock has a 50-day simple moving average of $80.19 and a 200-day simple moving average of $79.42. Safety Insurance Group has a 12 month low of $65.78 and a 12 month high of $88.72. The firm has a market cap of $1.24 billion, a PE ratio of 66.17 and a beta of 0.19. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.04.

Safety Insurance Group (NASDAQ:SAFT) last released its earnings results on Tuesday, February 27th. The insurance provider reported $0.30 earnings per share (EPS) for the quarter. Safety Insurance Group had a return on equity of 1.56% and a net margin of 2.03%. The firm had revenue of $258.40 million during the quarter.

Analysts Set New Price Targets

Separately, TheStreet upgraded shares of Safety Insurance Group from a “c+” rating to a “b” rating in a report on Tuesday, February 27th.

Insider Buying and Selling at Safety Insurance Group

In other Safety Insurance Group news, VP Stephen Albert Varga sold 900 shares of Safety Insurance Group stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $79.35, for a total value of $71,415.00. Following the sale, the vice president now directly owns 28,465 shares in the company, valued at approximately $2,258,697.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.00% of the stock is currently owned by insiders.

About Safety Insurance Group

Safety Insurance Group, Inc provides private passenger and commercial automobile, and homeowner insurance in the United States. The company's private passenger automobile policies offer coverage for bodily injury and property damage to others, no-fault personal injury coverage for the insured/insured's car occupants, and physical damage coverage for an insured's own vehicle for collision or other perils.