Safety Insurance Group, Inc. (NASDAQ:SAFT) Announces Quarterly Dividend of $0.90

Safety Insurance Group, Inc. (NASDAQ:SAFT) announced a quarterly dividend on Friday, February 14th, RTT News reports. Stockholders of record on Monday, March 3rd will be given a dividend of 0.90 per share by the insurance provider on Friday, March 14th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.73%. The ex-dividend date is Monday, March 3rd.

Safety Insurance Group has a payout ratio of 48.0% indicating that its dividend is sufficiently covered by earnings.

Safety Insurance Group Price Performance

Safety Insurance Group stock opened at $76.14 on Friday. The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of 15.08 and a beta of 0.20. Safety Insurance Group has a 1-year low of $73.38 and a 1-year high of $90.00. The business has a fifty day moving average price of $79.22 and a 200-day moving average price of $81.78.

Safety Insurance Group (NASDAQ:SAFT) last posted its quarterly earnings data on Tuesday, February 25th. The insurance provider reported $0.94 earnings per share for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.23). The business had revenue of $286.72 million during the quarter. Safety Insurance Group had a return on equity of 6.35% and a net margin of 6.86%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Safety Insurance Group from a “buy” rating to a “hold” rating in a research note on Thursday.

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.