Safety Insurance Group (NASDAQ:SAFT) Posts Quarterly Earnings Results, Misses Expectations By $0.23 EPS

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

Safety Insurance Group Stock Performance

SAFT stock traded up $1.35 during trading on Tuesday, reaching $79.67. 74,717 shares of the company traded hands, compared to its average volume of 42,070. The business has a 50 day simple moving average of $79.66 and a 200 day simple 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 price-to-earnings ratio of 15.78 and a beta of 0.20.

Safety Insurance Group Dividend Announcement

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

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Safety Insurance Group from a “hold” rating to a “buy” rating in a research 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.