Safety Insurance Group (NASDAQ:SAFT) Sets New 1-Year Low - Should You Sell?

Safety Insurance Group, Inc. (NASDAQ:SAFT - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $70.51 and last traded at $70.90, with a volume of 10294 shares traded. The stock had previously closed at $71.80.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of Safety Insurance Group from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd.

Safety Insurance Group Price Performance

The stock has a market cap of $1.05 billion, a P/E ratio of 14.43 and a beta of 0.26. The firm's fifty day moving average price is $78.26 and its 200-day moving average price is $77.96. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.04.

Safety Insurance Group (NASDAQ:SAFT - Get Free Report) last issued its earnings results on Wednesday, May 7th. The insurance provider reported $1.28 earnings per share for the quarter, topping analysts' consensus estimates of $1.25 by $0.03. The business had revenue of $298.97 million during the quarter. Safety Insurance Group had a return on equity of 7.99% and a net margin of 6.29%.

Safety Insurance Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, June 2nd were issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 5.10%. The ex-dividend date of this dividend was Monday, June 2nd. Safety Insurance Group's payout ratio is presently 73.62%.

Institutional Investors Weigh In On Safety Insurance Group

A number of large investors have recently modified their holdings of the business. Raymond James Financial Inc. purchased a new position in shares of Safety Insurance Group during the 4th quarter valued at approximately $1,200,000. Signaturefd LLC lifted its position in Safety Insurance Group by 94.9% in the fourth quarter. Signaturefd LLC now owns 308 shares of the insurance provider's stock valued at $25,000 after buying an additional 150 shares during the last quarter. Teacher Retirement System of Texas acquired a new stake in shares of Safety Insurance Group during the fourth quarter valued at about $1,215,000. American Century Companies Inc. boosted its holdings in Safety Insurance Group by 0.5% during the 4th quarter. American Century Companies Inc. now owns 67,475 shares of the insurance provider's stock valued at $5,560,000 after acquiring an additional 344 shares during the period. Finally, KLP Kapitalforvaltning AS purchased a new position in Safety Insurance Group during the 4th quarter valued at about $280,000. Hedge funds and other institutional investors own 81.04% of the company's stock.

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.

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