Safety Insurance Group (NASDAQ:SAFT) Announces Quarterly Earnings Results

Safety Insurance Group (NASDAQ:SAFT) released 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 business had revenue of $295.28 million during the quarter. Safety Insurance Group had a net margin of 4.96% and a return on equity of 5.53%.

Safety Insurance Group Stock Performance

SAFT opened at $85.41 on Friday. The company has a fifty day moving average of $81.93 and a two-hundred day moving average of $80.57. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of 24.76 and a beta of 0.17. Safety Insurance Group has a fifty-two week low of $71.99 and a fifty-two week high of $90.00.

Safety Insurance Group Dividend Announcement

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

Insider Transactions at Safety Insurance Group

In related news, VP Glenn Hiltpold sold 389 shares of Safety Insurance Group stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $84.41, for a total value of $32,835.49. Following the completion of the transaction, the vice president now owns 11,204 shares in the company, valued at $945,729.64. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 915 shares of company stock valued at $75,125 in the last ninety days. 2.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered 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.