Safety Insurance Group (NASDAQ:SAFT) Stock Price Crosses Above Two Hundred Day Moving Average of $78.01

Shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $78.01 and traded as high as $78.47. Safety Insurance Group shares last traded at $77.40, with a volume of 34,737 shares.

Analysts Set New Price Targets

Separately, TheStreet raised shares of Safety Insurance Group from a “c+” rating to a “b” rating in a research note on Tuesday, February 27th.

Safety Insurance Group Trading Down 1.3 %

The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.38 and a current ratio of 0.38. The firm has a market cap of $1.15 billion, a price-to-earnings ratio of 60.95 and a beta of 0.19. The business has a fifty day simple moving average of $81.97 and a 200-day simple moving average of $78.01.

Safety Insurance Group (NASDAQ:SAFT) last released its quarterly earnings data on Tuesday, February 27th. The insurance provider reported $0.30 earnings per share (EPS) for the quarter. Safety Insurance Group had a return on equity of 1.56% and a net margin of 2.03%. The company had revenue of $258.40 million during the quarter.

Safety Insurance Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a $0.90 dividend. The ex-dividend date was Thursday, February 29th. This represents a $3.60 annualized dividend and a dividend yield of 4.65%. Safety Insurance Group’s payout ratio is 283.47%.

Insider Transactions at Safety Insurance Group

In other Safety Insurance Group news, VP Stephen Albert Varga sold 900 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $79.35, for a total transaction of $71,415.00. Following the sale, the vice president now owns 28,465 shares of the company’s stock, valued at $2,258,697.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 4.40% of the company’s stock.

Institutional Investors Weigh In On Safety Insurance Group

A number of hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. grew its position in shares of Safety Insurance Group by 1.2% during the 3rd quarter. BlackRock Inc. now owns 2,155,884 shares of the insurance provider’s stock worth $175,834,000 after buying an additional 24,611 shares during the period. Vanguard Group Inc. boosted its stake in Safety Insurance Group by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 1,641,372 shares of the insurance provider’s stock worth $124,728,000 after acquiring an additional 16,684 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Safety Insurance Group by 1.6% during the fourth quarter. Victory Capital Management Inc. now owns 1,174,371 shares of the insurance provider’s stock worth $89,240,000 after acquiring an additional 19,004 shares in the last quarter. State Street Corp grew its holdings in Safety Insurance Group by 1.6% in the third quarter. State Street Corp now owns 763,881 shares of the insurance provider’s stock worth $62,302,000 after purchasing an additional 11,874 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Safety Insurance Group by 0.8% in the first quarter. Dimensional Fund Advisors LP now owns 715,027 shares of the insurance provider’s stock valued at $53,283,000 after purchasing an additional 5,602 shares in the last quarter. 81.04% of the stock is currently owned by institutional investors.

About Safety Insurance Group

Safety Insurance Group, Inc provides private passenger and commercial automobile, and homeowner insurance in 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.