The share price of Safety Insurance Group, Inc. (NASDAQ: SAFT – Get Rating) reached a new 52-week high during trading in the middle of the day on Friday. The company traded up to $ 95.00 and last traded at $ 94.45, with a volume of 4531 shares traded hands. Shares previously closed at $ 91.57.
Separately, StockNews.com took cover from Safety Insurance Group in a research note on Thursday, March 31st. They set a “retention” rating for the company.
The stock has a 50-day simple moving average of $ 89.33 and a 200-day simple moving average of $ 86.68. The company has a market capitalization of $ 1.39 billion, a P / E ratio of 13.90 and a beta of 0.35. The company has a current ratio of 0.33, a fast ratio of 0.33 and a debt to equity ratio of 0.03.
Safety Insurance Group (NASDAQ: SAFT – Get Rating) last released its earnings results on Wednesday, May 4th. The insurance provider reported earnings of $ 0.99 per share (EPS) for the quarter. Safety Insurance Group had a net margin of 11.93% and a return on equity of 10.10%. The company had revenue of $ 195.00 million for the quarter.
The company also recently announced a three-month dividend, which was paid on Wednesday (June 15th). Record investors on Wednesday, June 1, received a dividend of $ 0.90 per share. This represents a dividend of $ 3.60 on an annual basis and a dividend yield of 3.81%. The date of the former dividend was Tuesday, May 31. The safety insurance group’s dividend payout ratio (DPR) is 52.94%.
In other Safety Insurance Group news, director Peter J. Manning sold 2,000 shares of Safety Insurance Group in a deal on Thursday (June 2nd). The shares were sold at an average price of $ 90.93, for a total value of $ 181,860.00. After the sale, the director now directly owns 5,000 shares of the company worth approximately $ 454,650. The sale is disclosed in SEC legal documentation, which is accessible through this hyperlink. 4.30% of the shares are currently owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp. increased its stakes in the Safety Insurance Group by 793.1% in the first quarter. Bank of New York Mellon Corp. already owns 1,851,901 shares of the insurance provider’s shares worth $ 168,245,000 after acquiring an additional 1,644,553 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Safety Insurance Group by 1.3% in the first quarter. Dimensional Fund Advisors LP already owns 706,384 shares of the insurance provider’s shares worth $ 64,175,000 after purchasing an additional 9,265 shares in the last quarter. State Street Corp increased its stake in Safety Insurance Group by 32.6% in the first quarter. State Street Corp. now owns 705,940 shares of the insurance provider’s stock worth $ 64,135,000 after buying an additional 173,482 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Safety Insurance Group by 3.0% in the 1st quarter. Charles Schwab Investment Management Inc. already owns 324,333 shares of the insurance provider’s shares worth $ 29,466,000 after purchasing an additional 9,470 shares in the last quarter. Finally, AltraVue Capital LLC increased its stake in Safety Insurance Group by 20.3% in the 4th quarter. AltraVue Capital LLC now owns 244,652 shares of the insurance provider’s stock worth $ 20,802,000 after purchasing an additional 41,210 shares in the last quarter. Institutional investors own 79.46% of the company’s shares.
Company profile of Safety Insurance Group 09.30 NASDAQ: SAFT
Safety Insurance Group, Inc. provides private insurance for passengers and commercial vehicles, as well as insurance for homeowners in the United States. The company’s private passenger police offer coverage for bodily injuries and property damage to others, coverage without culpable personal injury for passengers in the insured’s / insured’s car and coverage for physical damage to the insured’s own vehicle in the event of a collision or other danger.
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