Safety Insurance Group (NASDAQ:SAFT) Stock Price Passes Above 200-Day Moving Average of $78.01

Safety Insurance Group, Inc. (NASDAQ:SAFT - Get Free Report) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $78.01 and traded as high as $78.47. Safety Insurance Group shares last traded at $77.40, with a volume of 34,737 shares traded.

Analyst Upgrades and Downgrades

Separately, TheStreet upgraded Safety Insurance Group from a "c+" rating to a "b" rating in a research note on Tuesday, February 27th.

Safety Insurance Group Stock Performance

The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of 61.31 and a beta of 0.19. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.38 and a quick ratio of 0.38. The firm has a 50 day moving average price of $81.82 and a 200-day moving average price of $78.00.

Safety Insurance Group (NASDAQ:SAFT - Get Free Report) last announced its quarterly earnings data on Tuesday, February 27th. The insurance provider reported $0.30 earnings per share (EPS) for the quarter. The business had revenue of $258.40 million for the quarter. Safety Insurance Group had a return on equity of 1.56% and a net margin of 2.03%.

Safety Insurance Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 4.61%. The ex-dividend date of this dividend was Thursday, February 29th. Safety Insurance Group's payout ratio is currently 283.47%.

Insider Buying and Selling at Safety Insurance Group

In other Safety Insurance Group news, VP Stephen Albert Varga sold 900 shares of the firm's stock in a transaction on Wednesday, March 6th. The stock was 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 $2,258,697.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.20% of the stock is owned by insiders.

Institutional Trading of Safety Insurance Group

A number of hedge funds and other institutional investors have recently bought and sold shares of SAFT. Envestnet Asset Management Inc. acquired a new stake in shares of Safety Insurance Group during the first quarter worth about $223,000. Citigroup Inc. grew its holdings in shares of Safety Insurance Group by 2.5% in the 1st quarter. Citigroup Inc. now owns 13,868 shares of the insurance provider's stock worth $1,260,000 after acquiring an additional 333 shares during the period. MetLife Investment Management LLC grew its holdings in shares of Safety Insurance Group by 52.6% in the 1st quarter. MetLife Investment Management LLC now owns 7,993 shares of the insurance provider's stock worth $726,000 after acquiring an additional 2,755 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Safety Insurance Group by 14.1% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,270 shares of the insurance provider's stock worth $1,115,000 after acquiring an additional 1,513 shares during the period. Finally, Great West Life Assurance Co. Can grew its holdings in shares of Safety Insurance Group by 5.7% in the 1st quarter. Great West Life Assurance Co. Can now owns 13,267 shares of the insurance provider's stock worth $1,234,000 after acquiring an additional 713 shares during the period. 81.04% of the stock is currently owned by institutional investors and hedge funds.

Safety Insurance Group Company Profile

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.