Safety Insurance Group, Inc. (NASDAQ:SAFT – Get Rating)’s share price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $95.00 and last traded at $94.45, with a volume of 4531 shares trading hands. The stock had previously closed at $91.57.
Separately, StockNews.com assumed coverage on Safety Insurance Group in a research note on Thursday, March 31st. They set a “hold” rating for the company.
The stock has a 50 day simple moving average of $89.33 and a 200-day simple moving average of $86.68. The firm has a market capitalization of $1.39 billion, a P/E ratio of 13.90 and a beta of 0.35. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.03.
Safety Insurance Group (NASDAQ:SAFT – Get Rating) last released its earnings results on Wednesday, May 4th. The insurance provider reported $0.99 earnings per share (EPS) for the quarter. Safety Insurance Group had a net margin of 11.93% and a return on equity of 10.10%. The company had revenue of $195.00 million during the quarter.
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 15th. Investors of record on Wednesday, June 1st were paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.81%. The ex-dividend date was Tuesday, May 31st. Safety Insurance Group’s dividend payout ratio (DPR) is 52.94%.
In other Safety Insurance Group news, Director Peter J. Manning sold 2,000 shares of Safety Insurance Group stock in a transaction on Thursday, June 2nd. The shares were sold at an average price of $90.93, for a total value of $181,860.00. Following the sale, the director now directly owns 5,000 shares in the company, valued at approximately $454,650. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 4.30% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp increased its holdings in Safety Insurance Group by 793.1% in the 1st quarter. Bank of New York Mellon Corp now owns 1,851,901 shares of the insurance provider’s stock valued at $168,245,000 after acquiring an additional 1,644,553 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Safety Insurance Group by 1.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 706,384 shares of the insurance provider’s stock worth $64,175,000 after buying an additional 9,265 shares during the last quarter. State Street Corp increased its holdings in shares of Safety Insurance Group by 32.6% in the 1st quarter. State Street Corp now owns 705,940 shares of the insurance provider’s stock worth $64,135,000 after buying an additional 173,482 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Safety Insurance Group by 3.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 324,333 shares of the insurance provider’s stock worth $29,466,000 after buying an additional 9,470 shares during the last quarter. Finally, AltraVue Capital LLC grew its holdings in Safety Insurance Group by 20.3% during the 4th quarter. AltraVue Capital LLC now owns 244,652 shares of the insurance provider’s stock valued at $20,802,000 after purchasing an additional 41,210 shares during the last quarter. Institutional investors own 79.46% of the company’s stock.
Safety Insurance Group Company Profile (NASDAQ:SAFT)
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.
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