Safety Insurance Group, Inc. (NASDAQ:SAFT)’s share price hit a new 52-week high on Wednesday . The company 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 cut shares of Safety Insurance Group from a “buy” rating to a “hold” rating in a report on Friday, August 9th.
The firm has a market capitalization of $1.58 billion, a PE ratio of 15.35 and a beta of 0.58. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.05. The business’s 50 day simple moving average is $96.84 and its two-hundred day simple moving average is $93.43.
Safety Insurance Group (NASDAQ:SAFT) last released its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $1.47 earnings per share (EPS) for the quarter. Safety Insurance Group had a return on equity of 13.30% and a net margin of 12.03%. The firm had revenue of $216.00 million for the quarter.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Tuesday, September 3rd will be given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date of this dividend is Friday, August 30th. This is a boost from Safety Insurance Group’s previous quarterly dividend of $0.80.
Hedge funds have recently bought and sold shares of the business. Hancock Whitney Corp increased its position in shares of Safety Insurance Group by 12.2% during the 2nd quarter. Hancock Whitney Corp now owns 21,434 shares of the insurance provider’s stock valued at $2,039,000 after purchasing an additional 2,338 shares during the last quarter. Royal Bank of Canada boosted its holdings in shares of Safety Insurance Group by 7.8% in the second quarter. Royal Bank of Canada now owns 15,962 shares of the insurance provider’s stock worth $1,518,000 after buying an additional 1,152 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. grew its position in Safety Insurance Group by 7.2% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,844 shares of the insurance provider’s stock valued at $270,000 after buying an additional 190 shares during the period. Nuveen Asset Management LLC bought a new stake in Safety Insurance Group during the second quarter valued at approximately $5,529,000. Finally, UBS Asset Management Americas Inc. grew its position in Safety Insurance Group by 19.1% during the second quarter. UBS Asset Management Americas Inc. now owns 10,496 shares of the insurance provider’s stock valued at $998,000 after buying an additional 1,685 shares during the period. 80.29% of the stock is currently owned by institutional investors.
About Safety Insurance Group (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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