Safety Insurance Group, Inc. (NASDAQ:SAFT) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $102.34 and last traded at $101.70, with a volume of 1617 shares trading hands. The stock had previously closed at $99.39.
Separately, BidaskClub cut Safety Insurance Group from a “buy” rating to a “hold” rating in a research note on Friday, August 9th.
The firm has a market cap of $1.53 billion, a P/E ratio of 15.48 and a beta of 0.58. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.39 and a quick ratio of 0.39. The stock has a 50 day moving average of $96.84 and a 200 day moving average of $93.43.
Safety Insurance Group (NASDAQ:SAFT) last released its earnings results on Wednesday, July 31st. The insurance provider reported $1.47 EPS for the quarter. Safety Insurance Group had a return on equity of 13.30% and a net margin of 12.03%. The business had revenue of $216.00 million for the quarter.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Tuesday, September 3rd will be paid a dividend of $0.90 per share. This is a boost from Safety Insurance Group’s previous quarterly dividend of $0.80. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date of this dividend is Friday, August 30th.
Several large investors have recently made changes to their positions in SAFT. Morgan Stanley grew its stake in shares of Safety Insurance Group by 621.8% during the second quarter. Morgan Stanley now owns 174,962 shares of the insurance provider’s stock valued at $16,644,000 after buying an additional 150,722 shares during the last quarter. Nuveen Asset Management LLC bought a new position in shares of Safety Insurance Group during the second quarter valued at about $5,529,000. Westwood Holdings Group Inc. grew its stake in shares of Safety Insurance Group by 20.0% during the first quarter. Westwood Holdings Group Inc. now owns 180,936 shares of the insurance provider’s stock valued at $15,767,000 after buying an additional 30,127 shares during the last quarter. BlackRock Inc. grew its stake in shares of Safety Insurance Group by 1.3% during the second quarter. BlackRock Inc. now owns 2,166,442 shares of the insurance provider’s stock valued at $206,094,000 after buying an additional 27,786 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ bought a new position in shares of Safety Insurance Group during the second quarter valued at about $2,150,000. 80.29% of the stock is currently owned by hedge funds and other institutional investors.
Safety Insurance Group Company Profile (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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