Safety Insurance Group (NASDAQ:SAFT) Announces Earnings Results, Misses Estimates By $0.30 EPS

Safety Insurance Group (NASDAQ:SAFT) announced its quarterly earnings data on Tuesday. The insurance provider reported $1.10 EPS for the quarter, missing the consensus estimate of $1.40 by ($0.30), Zacks reports. The firm had revenue of $295.28 million for the quarter. Safety Insurance Group had a net margin of 4.96% and a return on equity of 5.53%.

Safety Insurance Group Price Performance

NASDAQ SAFT traded down $2.89 during trading hours on Thursday, hitting $85.41. The company’s stock had a trading volume of 73,076 shares, compared to its average volume of 51,947. Safety Insurance Group has a 12 month low of $71.99 and a 12 month high of $90.00. The company’s 50 day simple moving average is $82.00 and its two-hundred day simple moving average is $80.54. The company has a market cap of $1.27 billion, a P/E ratio of 25.59 and a beta of 0.17.

Safety Insurance Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, December 2nd will be given a dividend of $0.90 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $3.60 annualized dividend and a dividend yield of 4.21%. Safety Insurance Group’s dividend payout ratio (DPR) is presently 104.35%.

Insider Buying and Selling at Safety Insurance Group

In other news, VP Glenn Hiltpold sold 389 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $84.41, for a total transaction of $32,835.49. Following the completion of the transaction, the vice president now directly owns 11,204 shares of the company’s stock, valued at $945,729.64. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders have sold 915 shares of company stock worth $75,125. Company insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Safety Insurance Group from a “buy” rating to a “hold” rating in a report on Wednesday.

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.