Safety Insurance Group, Inc. (SAFT) To Go Ex-Dividend on September 1st

Safety Insurance Group, Inc. (NASDAQ:SAFT) declared a quarterly dividend on Wednesday, August 5th. Investors of record on Tuesday, September 1st will be given a dividend of 0.92 per share by the insurance provider on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Tuesday, September 1st.

Safety Insurance Group has increased its dividend payment by an average of 0.0%per year over the last three years. Safety Insurance Group has a dividend payout ratio of 52.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Safety Insurance Group to earn $6.75 per share next year, which means the company should continue to be able to cover its $3.68 annual dividend with an expected future payout ratio of 54.5%.

Safety Insurance Group Stock Performance

Shares of Safety Insurance Group stock opened at $103.50 on Friday. Safety Insurance Group has a fifty-two week low of $67.04 and a fifty-two week high of $103.63. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.39 and a current ratio of 0.39. The company has a market capitalization of $1.52 billion, a P/E ratio of 22.31 and a beta of 0.17. The company has a fifty day moving average of $79.06 and a 200 day moving average of $76.47.

Safety Insurance Group (NASDAQ:SAFT) last posted its quarterly earnings results on Wednesday, August 5th. The insurance provider reported $2.03 EPS for the quarter, beating analysts’ consensus estimates of $2.00 by $0.03. Safety Insurance Group had a return on equity of 7.22% and a net margin of 5.33%.The business had revenue of $325.68 million for the quarter, compared to analysts’ expectations of $322.90 million. On average, sell-side analysts anticipate that Safety Insurance Group will post 4.75 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on SAFT. Wall Street Zen upgraded Safety Insurance Group from a “sell” rating to a “hold” rating in a research report on Saturday, June 6th. Zacks Research upgraded Safety Insurance Group to a “hold” rating in a research note on Wednesday, May 27th. Finally, Weiss Ratings upgraded Safety Insurance Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 24th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Safety Insurance Group presently has an average rating of “Hold”.

Safety Insurance Group Company Profile

Safety Insurance Group, Inc is a publicly traded property and casualty insurance holding company incorporated in Massachusetts in 1994. Its principal subsidiary, Safety Insurance Company, traces its roots back to 1923 and has since evolved into a regional personal lines insurer. The company is headquartered in Boston, Massachusetts, and trades on the Nasdaq under the symbol SAFT.

Safety Insurance Group focuses primarily on private passenger automobile and homeowners insurance products, along with dwelling fire, umbrella liability, and certain commercial auto coverages.