Safety Insurance Group, Inc. (SAFT) to Issue Quarterly Dividend of $0.90 on December 13th

Safety Insurance Group, Inc. (NASDAQ:SAFT) announced a quarterly dividend on Tuesday, November 5th,RTT News reports. Shareholders of record on Monday, December 2nd will be paid a dividend of 0.90 per share by the insurance provider on Friday, December 13th. This represents a $3.60 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date of this dividend is Monday, December 2nd.

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

Safety Insurance Group Trading Up 0.7 %

Shares of NASDAQ SAFT opened at $85.84 on Friday. The stock has a market capitalization of $1.27 billion, a PE ratio of 17.00 and a beta of 0.17. Safety Insurance Group has a twelve month low of $71.99 and a twelve month high of $90.00. The stock has a fifty day simple moving average of $82.50 and a 200-day simple moving average of $81.06.

Safety Insurance Group (NASDAQ:SAFT) last released its earnings results on Tuesday, November 5th. The insurance provider reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.40 by ($0.30). The firm had revenue of $295.28 million during the quarter. Safety Insurance Group had a net margin of 6.86% and a return on equity of 6.35%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Safety Insurance Group from a “hold” rating to a “buy” rating in a report on Thursday, November 14th.

Insider Activity

In related news, VP Glenn Hiltpold sold 389 shares of the company’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 sale, the vice president now directly owns 11,204 shares in the company, valued at approximately $945,729.64. This represents a 3.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.00% 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.