Safety Insurance Group, Inc. (SAFT) to Issue Quarterly Dividend of $0.92 on December 15th

Safety Insurance Group, Inc. (NASDAQ:SAFT) announced a quarterly dividend on Wednesday, November 4th. Stockholders of record on Tuesday, December 1st will be given a dividend of $0.92 per share by the insurance provider on Tuesday, December 15th. This represents a $3.68 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Tuesday, December 1st.

Safety Insurance Group has a payout ratio of 52.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Safety Insurance Group to earn $6.75 per share next year, which means the company should continue to be able to cover its $3.68 annual dividend with an expected future payout ratio of 54.5%.

Safety Insurance Group Stock Up 0.0%

Shares of NASDAQ:SAFT opened at $104.36 on Friday. Safety Insurance Group has a 1-year low of $67.93 and a 1-year high of $104.41. The stock has a market cap of $1.53 billion, a P/E ratio of 24.27 and a beta of 0.17. The firm has a fifty day moving average price of $103.75 and a 200 day moving average price of $85.23. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.41 and a quick ratio of 0.41.

Safety Insurance Group (NASDAQ:SAFT) last announced its quarterly earnings data on Wednesday, November 4th. The insurance provider reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.70. The company had revenue of $327.77 million during the quarter, compared to the consensus estimate of $533.84 million. Safety Insurance Group had a net margin of 5.33% and a return on equity of 7.23%. Sell-side analysts predict that Safety Insurance Group will post 4.15 EPS for the current year.

Institutional Trading of Safety Insurance Group

Several institutional investors and hedge funds have recently made changes to their positions in SAFT. BlackRock Inc. acquired a new stake in shares of Safety Insurance Group during the second quarter worth $171,385,000. Dimensional Fund Advisors LP raised its holdings in Safety Insurance Group by 0.5% in the first quarter. Dimensional Fund Advisors LP now owns 711,806 shares of the insurance provider’s stock valued at $51,708,000 after buying an additional 3,319 shares during the period. Bank of New York Mellon Corp purchased a new position in shares of Safety Insurance Group in the 2nd quarter valued at $10,513,000. Renaissance Technologies LLC lifted its stake in shares of Safety Insurance Group by 0.3% during the first quarter. Renaissance Technologies LLC now owns 140,400 shares of the insurance provider’s stock worth $10,199,000 after purchasing an additional 400 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in Safety Insurance Group by 2.0% during the 1st quarter. Principal Financial Group Inc. now owns 72,384 shares of the insurance provider’s stock worth $5,258,000 after acquiring an additional 1,406 shares in the last quarter. 81.04% of the stock is currently owned by hedge funds and other institutional investors.

Safety Insurance Group Company Profile

Safety Insurance Group, Inc is an insurance holding company that provides property and casualty insurance products primarily through its subsidiary, Safety Insurance Company. The company focuses on personal and commercial insurance coverage for individuals, families, and businesses.

Its product offerings include private passenger automobile insurance, homeowners insurance, dwelling fire coverage, business owners policies, commercial automobile insurance, and related property and liability products.