Safety Insurance Group, Inc. (NASDAQ:SAFT) to Issue $0.90 Quarterly Dividend

Safety Insurance Group, Inc. (NASDAQ:SAFT) announced a quarterly dividend on Thursday, February 20th,RTT News reports. Investors 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 annualized dividend and a yield of 4.69%.

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

Safety Insurance Group Trading Down 0.6 %

SAFT stock traded down $0.43 on Thursday, hitting $76.77. The company’s stock had a trading volume of 3,551 shares, compared to its average volume of 39,985. The firm has a 50 day moving average of $80.01 and a two-hundred day moving average of $81.91. Safety Insurance Group has a 1 year low of $73.38 and a 1 year high of $90.00. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of 15.20 and a beta of 0.20.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Safety Insurance Group from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th.

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.