Safety Insurance Group, Inc. (NASDAQ:SAFT) to Issue Quarterly Dividend of $0.90

Safety Insurance Group, Inc. (NASDAQ:SAFT - Get Free Report) announced 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 annualized dividend and a yield of 4.33%. The ex-dividend date is Monday, June 3rd.

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

Safety Insurance Group Stock Performance

NASDAQ SAFT traded down $1.28 on Friday, reaching $83.07. The stock had a trading volume of 44,196 shares, compared to its average volume of 40,333. The stock has a market cap of $1.23 billion, a P/E ratio of 65.41 and a beta of 0.19. Safety Insurance Group has a 12-month low of $65.78 and a 12-month high of $88.72. The business's 50-day moving average price is $80.25 and its 200 day moving average price is $79.49. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.38 and a current ratio of 0.38.

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

Insider Buying and Selling

In related news, VP Stephen Albert Varga sold 900 shares of the firm's stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $79.35, for a total value of $71,415.00. Following the completion of the sale, the vice president now owns 28,465 shares in the company, valued at $2,258,697.75. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 2.00% of the company's stock.

Analysts Set New Price Targets

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

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.