Safety Insurance Group (SAFT) Posts Earnings Results, Beats Estimates By $0.26 EPS

Safety Insurance Group (NASDAQ:SAFT) issued its quarterly earnings data on Wednesday. The insurance provider reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.55 by $0.26, Fidelity Earnings reports. The firm had revenue of $207.97 million during the quarter. Safety Insurance Group had a net margin of 7.05% and a return on equity of 8.80%.

Shares of NASDAQ SAFT traded up $1.45 during mid-day trading on Thursday, reaching $93.75. 44,600 shares of the company’s stock traded hands, compared to its average volume of 37,329. Safety Insurance Group has a 1-year low of $67.50 and a 1-year high of $95.20. The stock has a market capitalization of $1.40 billion, a P/E ratio of 22.90 and a beta of 0.61.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 14th. Stockholders of record on Tuesday, September 4th will be issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date of this dividend is Friday, August 31st.

A number of brokerages have recently issued reports on SAFT. BidaskClub upgraded shares of Safety Insurance Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 21st. ValuEngine upgraded shares of Safety Insurance Group from a “hold” rating to a “buy” rating in a report on Saturday, June 2nd.

In related news, Director Frederic H. Lindeberg sold 2,000 shares of the business’s stock in a transaction dated Wednesday, June 6th. The shares were sold at an average price of $88.36, for a total transaction of $176,720.00. Following the transaction, the director now directly owns 16,000 shares in the company, valued at $1,413,760. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 4.90% of the stock is currently owned by insiders.

Safety Insurance Group Company Profile

Safety Insurance Group, Inc provides private passenger and commercial automobile insurance in Massachusetts, New Hampshire, and Maine, the United States. The company's private passenger automobile policies offer coverage for bodily injury and property damage to others, no-fault personal injury coverage for the insured/insured's car occupants, and physical damage coverage for an insured's own vehicle for collision or other perils.

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Earnings History for Safety Insurance Group (NASDAQ:SAFT)

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