Safety Insurance Group, Inc. (NASDAQ:SAFT) Announces $0.92 Quarterly Dividend

Safety Insurance Group, Inc. (NASDAQ:SAFT) announced a quarterly dividend on Wednesday, August 5th. Investors of record on Tuesday, September 1st will be paid a dividend of 0.92 per share by the insurance provider on Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Tuesday, September 1st.

Safety Insurance Group has raised its dividend by an average of 0.0%annually over the last three years. Safety Insurance Group has a dividend payout ratio of 52.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Safety Insurance Group to earn $6.75 per share next year, which means the company should continue to be able to cover its $3.68 annual dividend with an expected future payout ratio of 54.5%.

Safety Insurance Group Trading Up 0.2%

NASDAQ:SAFT opened at $103.50 on Thursday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.39 and a current ratio of 0.39. The company has a market capitalization of $1.52 billion, a P/E ratio of 24.47 and a beta of 0.17. The stock’s 50 day moving average price is $78.40 and its 200 day moving average price is $76.28. Safety Insurance Group has a 52 week low of $67.04 and a 52 week high of $103.63.

Safety Insurance Group (NASDAQ:SAFT) last posted its earnings results on Wednesday, August 5th. The insurance provider reported $2.03 EPS for the quarter, topping the consensus estimate of $2.00 by $0.03. The company had revenue of $325.68 million during the quarter, compared to the consensus estimate of $322.90 million. Safety Insurance Group had a net margin of 4.94% and a return on equity of 6.31%. On average, research analysts forecast that Safety Insurance Group will post 4.75 EPS for the current fiscal year.

Safety Insurance Group Company Profile

Safety Insurance Group, Inc is a publicly traded property and casualty insurance holding company incorporated in Massachusetts in 1994. Its principal subsidiary, Safety Insurance Company, traces its roots back to 1923 and has since evolved into a regional personal lines insurer. The company is headquartered in Boston, Massachusetts, and trades on the Nasdaq under the symbol SAFT.

Safety Insurance Group focuses primarily on private passenger automobile and homeowners insurance products, along with dwelling fire, umbrella liability, and certain commercial auto coverages.