Safety Insurance Group Inc. (NYSE: SA) shares reached a 52-week high of $103.76 on Tuesday, extending a multi-month rally that has lifted the stock 43.75% over the past 12 months.
The Boston-based insurer, which has a market capitalization of approximately $1.52 billion, has also gained 37.17% in the last six months alone. The company’s price-to-earnings ratio stands at 22.26, while its dividend yield is 3.55%, supported by a 24-year track record of uninterrupted dividend payments.
Safety Insurance also announced an amendment to its existing credit agreement with Citizens Bank, N.A. and other lenders. The aggregate committed amount was doubled from $50 million to $100 million, with the facility’s maturity extended to June 9, 2031. As of the latest filing, no additional amounts have been drawn under the amended terms. The obligations remain secured by certain accounts receivable and related assets of the company.
