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

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

Safety Insurance Group Stock Performance

Shares of NASDAQ SAFT traded down $2.89 during trading on Thursday, hitting $85.41. The company 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 firm has a market capitalization of $1.27 billion, a P/E ratio of 25.59 and a beta of 0.17. The stock has a 50 day simple moving average of $82.00 and a 200 day simple moving average of $80.54.

Safety Insurance Group Announces Dividend

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

Wall Street Analyst Weigh In

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

Insider Activity at Safety Insurance Group

In other Safety Insurance Group news, VP Glenn Hiltpold sold 389 shares of Safety Insurance Group 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 transaction, the vice president now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders sold 915 shares of company stock worth $75,125. 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.