Safety Insurance Group, Inc. (NASDAQ:SAFT) has received a consensus broker rating score of 0.00 () from the zero brokers that cover the company, Zacks Investment Research reports.
Zacks has also assigned Safety Insurance Group an industry rank of 201 out of 265 based on the ratings given to related companies.
Separately, BidaskClub upgraded Safety Insurance Group from a “sell” rating to a “hold” rating in a report on Friday, June 30th.
A number of hedge funds have recently bought and sold shares of SAFT. BlackRock Inc. raised its stake in Safety Insurance Group by 35,898.7% in the first quarter. BlackRock Inc. now owns 1,465,146 shares of the insurance provider’s stock worth $102,706,000 after buying an additional 1,461,076 shares in the last quarter. Vanguard Group Inc. raised its stake in Safety Insurance Group by 6.0% in the first quarter. Vanguard Group Inc. now owns 1,338,378 shares of the insurance provider’s stock worth $93,821,000 after buying an additional 75,812 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Safety Insurance Group by 1.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,272,944 shares of the insurance provider’s stock worth $89,233,000 after buying an additional 20,774 shares in the last quarter. State Street Corp raised its stake in Safety Insurance Group by 23.1% in the first quarter. State Street Corp now owns 429,859 shares of the insurance provider’s stock worth $30,126,000 after buying an additional 80,753 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Safety Insurance Group by 3.6% in the first quarter. Bank of New York Mellon Corp now owns 407,343 shares of the insurance provider’s stock worth $28,553,000 after buying an additional 14,229 shares in the last quarter. Institutional investors own 79.26% of the company’s stock.
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Safety Insurance Group (NASDAQ:SAFT) traded down 1.83% on Monday, hitting $72.30. The stock had a trading volume of 51,578 shares. Safety Insurance Group has a 1-year low of $62.75 and a 1-year high of $75.05. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 17.21 and a beta of 0.77. The stock’s 50-day moving average is $69.23 and its 200 day moving average is $69.90.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be issued a $0.80 dividend. This is a positive change from Safety Insurance Group’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.43%. Safety Insurance Group’s payout ratio is presently 66.67%.
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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