Safety Insurance Group (NASDAQ:SAFT) Hits New 1-Year High at $102.34

Shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $102.34 and last traded at $101.70, with a volume of 1617 shares changing hands. The stock had previously closed at $99.39.

Separately, BidaskClub lowered Safety Insurance Group from a “buy” rating to a “hold” rating in a report on Friday, August 9th.

The company has a market capitalization of $1.53 billion, a P/E ratio of 15.48 and a beta of 0.58. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.39 and a quick ratio of 0.39. The firm has a fifty day moving average price of $96.84 and a 200-day moving average price of $93.43.



Safety Insurance Group (NASDAQ:SAFT) last released its earnings results on Wednesday, July 31st. The insurance provider reported $1.47 earnings per share (EPS) for the quarter. The company had revenue of $216.00 million during the quarter. Safety Insurance Group had a return on equity of 13.30% and a net margin of 12.03%.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Tuesday, September 3rd will be issued a $0.90 dividend. The ex-dividend date of this dividend is Friday, August 30th. This is a positive change from Safety Insurance Group’s previous quarterly dividend of $0.80. This represents a $3.60 annualized dividend and a dividend yield of 3.55%.

Hedge funds have recently added to or reduced their stakes in the company. Coastal Investment Advisors Inc. grew its holdings in shares of Safety Insurance Group by 114.3% in the second quarter. Coastal Investment Advisors Inc. now owns 375 shares of the insurance provider’s stock valued at $36,000 after acquiring an additional 200 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of Safety Insurance Group in the second quarter valued at approximately $37,000. Steward Partners Investment Advisory LLC bought a new position in shares of Safety Insurance Group in the second quarter valued at approximately $38,000. Captrust Financial Advisors bought a new position in shares of Safety Insurance Group in the second quarter valued at approximately $112,000. Finally, Grimes & Company Inc. bought a new position in shares of Safety Insurance Group in the second quarter valued at approximately $214,000. 80.29% of the stock is owned by institutional investors.

Safety Insurance Group Company Profile (NASDAQ:SAFT)

Safety Insurance Group, Inc provides private passenger and commercial automobile insurance in Massachusetts, New Hampshire, and Maine, 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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