Somewhat Positive News Coverage Somewhat Unlikely to Affect Safety Insurance Group (SAFT) Stock Price
Media stories about Safety Insurance Group (NASDAQ:SAFT) have been trending somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Safety Insurance Group earned a news impact score of 0.23 on Accern’s scale. Accern also assigned media coverage about the insurance provider an impact score of 46.8165555803998 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Shares of Safety Insurance Group (NASDAQ:SAFT) traded up 0.83% on Thursday, reaching $78.95. 42,303 shares of the company were exchanged. The company has a 50-day moving average price of $72.60 and a 200 day moving average price of $70.03. Safety Insurance Group has a 1-year low of $65.30 and a 1-year high of $80.60. The stock has a market capitalization of $1.20 billion, a PE ratio of 18.79 and a beta of 0.77.
The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 4.05%. The ex-dividend date was Wednesday, August 30th. This is a boost from Safety Insurance Group’s previous quarterly dividend of $0.70. Safety Insurance Group’s dividend payout ratio is currently 76.19%.
Separately, BidaskClub upgraded shares of Safety Insurance Group from a “sell” rating to a “hold” rating in a research note on Friday, June 30th.
ILLEGAL ACTIVITY NOTICE: “Somewhat Positive News Coverage Somewhat Unlikely to Affect Safety Insurance Group (SAFT) Stock Price” was published by Watch List News and is the property of of Watch List News. If you are viewing this piece of content on another domain, it was illegally copied and reposted in violation of U.S. & international trademark & copyright law. The original version of this piece of content can be accessed at https://www.watchlistnews.com/somewhat-positive-news-coverage-somewhat-unlikely-to-affect-safety-insurance-group-saft-stock-price/1611126.html.
About Safety Insurance Group
Safety Insurance Group, Inc is a provider of private passenger automobile insurance. The Company offers a portfolio of property and casualty insurance products. The Company is engaged in property and casualty insurance operations. The Company’s product line includes private passenger automobile, commercial automobile, homeowners, business owners’ policies, personal umbrella, dwelling fire, commercial umbrella, inland marine and watercraft.
Receive News & Ratings for Safety Insurance Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Safety Insurance Group Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.