Safety Insurance Group, Inc. (SAFT) To Go Ex-Dividend on June 3rd

Safety Insurance Group, Inc. (NASDAQ:SAFT) announced a quarterly dividend on Wednesday, May 8th, Zacks reports. Shareholders of record on Monday, June 3rd will be given a dividend of 0.90 per share by the insurance provider on Friday, June 14th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.32%. The ex-dividend date is Monday, June 3rd.

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

Safety Insurance Group Stock Performance

Shares of SAFT stock traded down $1.05 during trading hours on Friday, reaching $83.30. 4,034 shares of the company traded hands, compared to its average volume of 53,522. Safety Insurance Group has a 12-month low of $65.78 and a 12-month high of $88.72. 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 company has a market cap of $1.24 billion, a P/E ratio of 66.17 and a beta of 0.19. The firm has a 50-day moving average price of $80.19 and a 200 day moving average price of $79.42.

Safety Insurance Group (NASDAQ:SAFT) last posted its earnings results on Tuesday, February 27th. The insurance provider reported $0.30 EPS for the quarter. Safety Insurance Group had a return on equity of 1.56% and a net margin of 2.03%. The firm had revenue of $258.40 million during the quarter.

Analyst Ratings Changes

Separately, TheStreet raised shares of Safety Insurance Group from a “c+” rating to a “b” rating in a research report on Tuesday, February 27th.

Insider Activity at Safety Insurance Group

In other 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 transaction of $71,415.00. Following the completion of the transaction, the vice president now directly owns 28,465 shares in the company, valued at $2,258,697.75. The transaction was disclosed in a document filed with the SEC, which is available at this link. 2.00% of the stock is owned by company insiders.

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.