Safety Insurance Group - SAFT Stock Forecast, Price & News

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. It also provides commercial automobile policies that offer insurance for commercial vehicles used for business purposes, including private passenger-type vehicles, trucks, tractors and trailers, insure individual vehicles, and commercial fleets; and homeowners policies, which provide coverage for homes, condominiums, and apartments for losses to a dwelling and its contents from various perils, and coverage for liability to others arising from ownership or occupancy. In addition, the company offers business owners policies that cover apartments and residential condominiums, restaurants, office condominiums, processing and services businesses, special trade contractors, and wholesalers. Further, it provides personal umbrella policies, which provide personal excess liability coverage over and above the limits of individual automobile, watercraft, and homeowner's insurance policies; and commercial umbrella and business owner policies, as well as underwrites dwelling fire insurance for non-owner-occupied residences. Additionally, the company offers inland marine coverage for homeowners and business owner policies, and watercraft coverage for small and medium sized pleasure crafts. It distributes its products through independent agents. The company was formerly known as Safety Holdings Inc and changed its name to Safety Insurance Group, Inc. in April 2002. Safety Insurance Group, Inc. was founded in 1979 and is headquartered in Boston, Massachusetts.

Wall Street Analysts Forecast Growth

Separately, TheStreet lowered Safety Insurance Group from a "b" rating to a "c+" rating in a research report on Friday, July 22nd.

Safety Insurance Group Price Performance

Shares of NASDAQ:SAFT opened at $92.92 on Thursday. Safety Insurance Group has a 1-year low of $76.50 and a 1-year high of $99.75. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.36 and a quick ratio of 0.33. The business has a fifty day moving average price of $92.25 and a 200-day moving average price of $89.00. The company has a market capitalization of $1.37 billion, a PE ratio of 19.20 and a beta of 0.22.

Safety Insurance Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st will be issued a dividend of $0.90 per share. The ex-dividend date is Wednesday, August 31st. This represents a $3.60 annualized dividend and a dividend yield of 3.87%. Safety Insurance Group's payout ratio is presently 74.38%.

Insider Activity

In other news, Director Peter J. Manning sold 2,000 shares of the firm's stock in a transaction on Thursday, June 2nd. The stock was sold at an average price of $90.93, for a total transaction of $181,860.00. Following the completion of the transaction, the director now directly owns 5,000 shares in the company, valued at $454,650. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 4.20% of the company's stock.