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

Safety Insurance Group (NASDAQ:SAFT) posted its earnings results on Wednesday. The insurance provider reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.70, FiscalAI reports. The company had revenue of $327.77 million for the quarter, compared to analyst estimates of $533.84 million. Safety Insurance Group had a return on equity of 7.23% and a net margin of 5.33%.

Safety Insurance Group Stock Performance

Shares of SAFT opened at $104.36 on Friday. 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 has a market cap of $1.53 billion, a PE ratio of 22.49 and a beta of 0.17. Safety Insurance Group has a 12 month low of $67.93 and a 12 month high of $104.41. The stock has a fifty day moving average price of $103.75 and a 200-day moving average price of $85.23.

Safety Insurance Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be issued a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Tuesday, December 1st. Safety Insurance Group’s dividend payout ratio is currently 79.31%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Safety Insurance Group from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, September 17th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

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.