Safety Insurance Group (NASDAQ:SAFT) Issues Earnings Results

Safety Insurance Group (NASDAQ:SAFT) announced its earnings results on Tuesday. The insurance provider reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.30), Zacks reports. Safety Insurance Group had a net margin of 4.96% and a return on equity of 5.53%. The business had revenue of $295.28 million for the quarter.

Safety Insurance Group Stock Down 3.4 %

NASDAQ SAFT traded down $3.01 on Thursday, reaching $85.29. The company had a trading volume of 39,966 shares, compared to its average volume of 51,794. The stock has a market capitalization of $1.27 billion, a PE ratio of 25.59 and a beta of 0.17. Safety Insurance Group has a 12 month low of $71.99 and a 12 month high of $90.00. The firm’s 50 day moving average price is $82.00 and its 200 day moving average price is $80.54.

Safety Insurance Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, December 2nd will be paid a $0.90 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.22%. Safety Insurance Group’s dividend payout ratio (DPR) is presently 104.35%.

Insiders Place Their Bets

In related news, VP Glenn Hiltpold sold 389 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $84.41, for a total value of $32,835.49. Following the completion of the transaction, the vice president now owns 11,204 shares of the company’s stock, valued at approximately $945,729.64. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 915 shares of company stock valued at $75,125 in the last three months. Corporate insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Safety Insurance Group from a “buy” rating to a “hold” rating in a report on Wednesday.

Safety Insurance Group Company Profile

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.