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Safety Insurance Group (SAFT) Stock Price, News & Analysis

Safety Insurance Group logo
$85.24 +1.58 (+1.89%)
(As of 12:20 PM ET)

About Safety Insurance Group Stock (NASDAQ:SAFT)

Key Stats

Today's Range
$83.97
$85.31
50-Day Range
$78.13
$88.30
52-Week Range
$71.99
$90.00
Volume
9,508 shs
Average Volume
51,957 shs
Market Capitalization
$1.26 billion
P/E Ratio
16.88
Dividend Yield
4.22%
Price Target
N/A
Consensus Rating
N/A

Company Overview

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. It also provides commercial automobile policies that offer insurance for commercial vehicles used for business purposes, including private passenger-type vehicles, trucks, tractors and trailers, insure individual vehicles, and commercial fleets; and homeowners policies, which provide coverage for homes, condominiums, and apartments for losses to a dwelling and its contents from various perils, and coverage for liability to others arising from ownership or occupancy. In addition, the company offers business owners policies that cover apartments and residential condominiums, restaurants, office condominiums, processing and services businesses, special trade contractors, and wholesalers. Further, it provides personal umbrella policies, which provide personal excess liability coverage over and above the limits of individual automobile, watercraft, and homeowner's insurance policies; and commercial umbrella, which offers an excess liability product to clients, as well as underwrites dwelling fire insurance for non-owner-occupied residences. Additionally, the company offers inland marine coverage for homeowners and business owner policies, and watercraft coverage for small and medium sized pleasure crafts. It distributes its products through independent agents. The company was formerly known as Safety Holdings Inc and changed its name to Safety Insurance Group, Inc. in April 2002. Safety Insurance Group, Inc. was founded in 1979 and is headquartered in Boston, Massachusetts.

Safety Insurance Group Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
69th Percentile Overall Score

SAFT MarketRank™: 

Safety Insurance Group scored higher than 69% of companies evaluated by MarketBeat, and ranked 368th out of 930 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    There is not enough analysis data for Safety Insurance Group.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Safety Insurance Group is 16.57, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.26.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Safety Insurance Group is 16.57, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 46.18.

  • Price to Book Value per Share Ratio

    Safety Insurance Group has a P/B Ratio of 1.46. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Safety Insurance Group's valuation and earnings.
  • Percentage of Shares Shorted

    0.81% of the float of Safety Insurance Group has been sold short.
  • Short Interest Ratio / Days to Cover

    Safety Insurance Group has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Safety Insurance Group has recently decreased by 7.01%, indicating that investor sentiment is improving significantly.
  • Dividend Leadership

    Safety Insurance Group is a leading dividend payer. It pays a dividend yield of 4.29%, putting its dividend yield in the top 25% of dividend-paying stocks.

  • Dividend Growth

    Safety Insurance Group does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Safety Insurance Group is 71.29%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Read more about Safety Insurance Group's dividend.
  • Percentage of Shares Shorted

    0.81% of the float of Safety Insurance Group has been sold short.
  • Short Interest Ratio / Days to Cover

    Safety Insurance Group has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Safety Insurance Group has recently decreased by 7.01%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Safety Insurance Group has a news sentiment score of 1.73. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.76 average news sentiment score of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 1 news article for Safety Insurance Group this week, compared to 1 article on an average week.
  • Insider Buying vs. Insider Selling

    In the past three months, Safety Insurance Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $51,245.00 in company stock.

  • Percentage Held by Insiders

    Only 2.00% of the stock of Safety Insurance Group is held by insiders.

  • Percentage Held by Institutions

    81.04% of the stock of Safety Insurance Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Safety Insurance Group's insider trading history.
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SAFT Stock Analysis - Frequently Asked Questions

Safety Insurance Group's stock was trading at $75.99 at the beginning of 2024. Since then, SAFT stock has increased by 10.1% and is now trading at $83.66.
View the best growth stocks for 2024 here
.

Safety Insurance Group, Inc. (NASDAQ:SAFT) issued its quarterly earnings results on Tuesday, November, 5th. The insurance provider reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.40 by $0.30. The insurance provider earned $295.28 million during the quarter. Safety Insurance Group had a net margin of 6.86% and a trailing twelve-month return on equity of 6.35%.

Safety Insurance Group subsidiaries include Thomas Black Corporation, SAFETY ASSET MANAGEMENT CORPORATION, SAFETY INDEMNITY INSURANCE COMPANY, SAFETY INSURANCE COMPANY, SAFETY MANAGEMENT CORPORATION, SAFETY NORTHEAST INSURANCE COMPANY, and SAFETY PROPERTY AND CASUALTY INSURANCE COMPANY.

Safety Insurance Group's top institutional investors include Victory Capital Management Inc. (7.68%), State Street Corp (3.97%), TimesSquare Capital Management LLC (3.46%) and Geode Capital Management LLC (2.39%). Insiders that own company stock include Corp Srb, Stephen Albert Varga, James Berry, Christopher Thomas Whitford, Glenn Hiltpold, Peter J Manning, Brian Siu-Gae Lam and Dennis J Langwell.
View institutional ownership trends
.

Shares of SAFT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Safety Insurance Group investors own include Humana (HUM), American Water Works (AWK), Waste Connections (WCN), The RMR Group (RMR), Voyager Therapeutics (VYGR), DiamondRock Hospitality (DRH) and iShares Micro-Cap ETF (IWC).

Company Calendar

Ex-Dividend for 9/13 Dividend
9/03/2024
Dividend Payable
9/13/2024
Last Earnings
11/05/2024
Today
11/21/2024
Ex-Dividend for 12/13 Dividend
12/02/2024
Dividend Payable
12/13/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
2/25/2025

Industry, Sector and Symbol

Sector
Finance
Industry
Fire, marine, & casualty insurance
Sub-Industry
Property & Casualty Insurance
Current Symbol
NASDAQ:SAFT
CUSIP
78648T10
Employees
539
Year Founded
1979

Profitability

Net Income
$18.88 million
Pretax Margin
8.75%

Debt

Sales & Book Value

Annual Sales
$930.96 million
Cash Flow
$1.28 per share
Book Value
$57.38 per share

Miscellaneous

Free Float
14,541,000
Market Cap
$1.24 billion
Optionable
Optionable
Beta
0.17

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This page (NASDAQ:SAFT) was last updated on 11/21/2024 by MarketBeat.com Staff
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