Safety Insurance Group Inc. (SAFT) shares rose to a 52-week high of $103.76 on Monday, according to data tracked by Reuters.
The Boston-based insurer’s market capitalization stood at $1.52 billion, with a price-to-earnings ratio of 22.26 and a dividend yield of 3.55%. Over the past year, the stock delivered a total return of 43.75%, including a 37.17% gain over the last six months. The advance pushed shares within striking distance of the 52-week high established in August 2025.
Concurrently, Safety Insurance amended its revolving credit facility, doubling the committed amount to $100 million from $50 million. The facility, arranged with Citizens Bank, N.A. and other lenders, now matures on June 9, 2031. As of the report date, no additional funds had been drawn under the amended agreement. The obligations remain secured by certain accounts receivable and related assets of the company.
InvestingPro data highlighted the company’s 24-year streak of uninterrupted dividend payments. Technical indicators noted by InvestingPro flagged the Relative Strength Index (RSI) in overbought territory, though analysis suggested the stock may remain undervalued relative to its recent performance and proximity to the 52-week high.
