Media stories about Safety Insurance Group (NASDAQ:SAFT) have trended somewhat positive on Friday, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Safety Insurance Group earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned press coverage about the insurance provider an impact score of 45.9026270337576 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Shares of Safety Insurance Group (NASDAQ SAFT) traded down 0.35% during mid-day trading on Friday, reaching $70.70. 46,871 shares of the company’s stock were exchanged. The stock has a market cap of $1.08 billion, a PE ratio of 16.83 and a beta of 0.77. Safety Insurance Group has a one year low of $64.86 and a one year high of $75.05. The company has a 50 day moving average price of $69.81 and a 200-day moving average price of $69.91.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be given a $0.80 dividend. This is a boost from Safety Insurance Group’s previous quarterly dividend of $0.70. The ex-dividend date is Wednesday, August 30th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.53%. Safety Insurance Group’s payout ratio is presently 66.67%.
Separately, BidaskClub raised shares of Safety Insurance Group from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th.
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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.
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