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

Safety Insurance Group (NASDAQ:SAFT) released its earnings results on Tuesday. The insurance provider reported $0.94 EPS for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.23), Zacks reports. Safety Insurance Group had a net margin of 6.86% and a return on equity of 6.35%.

Safety Insurance Group Price Performance

SAFT stock traded up $1.35 during mid-day trading on Tuesday, reaching $79.67. The company had a trading volume of 74,717 shares, compared to its average volume of 42,070. The firm has a 50 day moving average of $79.66 and a 200 day moving average of $81.90. Safety Insurance Group has a 12 month low of $73.38 and a 12 month high of $90.00. The company has a market capitalization of $1.18 billion, a PE ratio of 15.78 and a beta of 0.20.

Safety Insurance Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be given a $0.90 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $3.60 annualized dividend and a yield of 4.52%. Safety Insurance Group’s dividend payout ratio (DPR) is 71.29%.

Analyst Ratings Changes

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

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.