Somewhat Positive News Coverage Somewhat Unlikely to Affect Safety Insurance Group (SAFT) Stock Price
Headlines about Safety Insurance Group (NASDAQ:SAFT) have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Safety Insurance Group earned a media sentiment score of 0.08 on Accern’s scale. Accern also assigned media coverage about the insurance provider an impact score of 44.4269937018581 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Shares of Safety Insurance Group (NASDAQ SAFT) opened at $80.40 on Monday. Safety Insurance Group has a 12 month low of $65.75 and a 12 month high of $84.00. The firm has a market capitalization of $1,218.14, a price-to-earnings ratio of 19.37 and a beta of 0.78.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were paid a $0.80 dividend. The ex-dividend date was Thursday, November 30th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.98%. Safety Insurance Group’s dividend payout ratio (DPR) is presently 77.11%.
A number of analysts have recently weighed in on SAFT shares. BidaskClub lowered Safety Insurance Group from a “buy” rating to a “hold” rating in a research note on Thursday, December 21st. Compass Point lowered Safety Insurance Group from a “neutral” rating to a “sell” rating in a research note on Monday, October 16th.
In related news, Director David F. Brussard sold 14,549 shares of Safety Insurance Group stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $81.36, for a total value of $1,183,706.64. Following the completion of the sale, the director now directly owns 12,077 shares in the company, valued at $982,584.72. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Frederic H. Lindeberg sold 2,000 shares of Safety Insurance Group stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $82.35, for a total value of $164,700.00. Following the completion of the sale, the director now owns 20,000 shares of the company’s stock, valued at $1,647,000. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,505 shares of company stock valued at $2,150,166. 4.90% of the stock is currently owned by corporate insiders.
Safety Insurance Group Company Profile
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.
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