Safety Insurance Group (NASDAQ:SAFT) Announces Quarterly Earnings Results

Safety Insurance Group (NASDAQ:SAFT) released its earnings results on Tuesday. The insurance provider reported $0.94 earnings per share for the quarter, missing the consensus estimate of $1.17 by ($0.23), Zacks reports. The firm had revenue of $286.72 million during the quarter. Safety Insurance Group had a net margin of 6.86% and a return on equity of 6.35%.

Safety Insurance Group Stock Up 0.7 %

SAFT traded up $0.53 during trading on Thursday, hitting $75.80. 24,858 shares of the stock were exchanged, compared to its average volume of 43,605. The firm has a market capitalization of $1.12 billion, a P/E ratio of 15.05 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 stock has a fifty day moving average price of $79.46 and a two-hundred day moving average price of $81.84.

Safety Insurance Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 4.75%. The ex-dividend date of this dividend is Monday, March 3rd. Safety Insurance Group’s dividend payout ratio (DPR) is 75.47%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised 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.