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

Safety Insurance Group, Inc. (NASDAQ:SAFT) announced a quarterly dividend on Wednesday, November 4th. Investors of record on Tuesday, December 1st will be given a dividend of $0.92 per share by the insurance provider on Tuesday, December 15th. This represents a $3.68 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Tuesday, December 1st.

Safety Insurance Group has a dividend payout ratio of 52.6% indicating that its dividend is sufficiently covered by earnings. 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 0.1%

Shares of SAFT opened at $104.35 on Thursday. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.06. The firm’s 50-day moving average is $103.74 and its two-hundred day moving average is $85.09. Safety Insurance Group has a twelve month low of $67.93 and a twelve month high of $104.40. The firm has a market capitalization of $1.53 billion, a P/E ratio of 22.49 and a beta of 0.17.

Safety Insurance Group (NASDAQ:SAFT) last posted its quarterly earnings results on Monday, November 2nd. The insurance provider reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.70. The company had revenue of $327.77 million during the quarter, compared to the consensus estimate of $533.84 million. Safety Insurance Group had a net margin of 5.33% and a return on equity of 7.23%. On average, research analysts predict that Safety Insurance Group will post 4.15 earnings per share for the current fiscal year.

Safety Insurance Group Company Profile

Safety Insurance Group, Inc is an insurance holding company that provides property and casualty insurance products primarily through its subsidiary, Safety Insurance Company. The company focuses on personal and commercial insurance coverage for individuals, families, and businesses.

Its product offerings include private passenger automobile insurance, homeowners insurance, dwelling fire coverage, business owners policies, commercial automobile insurance, and related property and liability products.