What is DOWLING & PARTN's Estimate for SAFT FY2028 Earnings?

Key Points

• DOWLING & PARTN forecasts FY2028 EPS of $7.50 for Safety Insurance Group, well above the current full-year consensus estimate of $4.75.
• Safety Insurance Group reported quarterly EPS of $2.03, exceeding analysts’ $2.00 estimate, while revenue of $325.68 million matched expectations.
• The company pays a quarterly dividend of $0.92 per share, equivalent to an annualized $3.68 dividend and a 3.6% yield; institutional investors own 81.04% of the stock.

Safety Insurance Group, Inc. (NASDAQ:SAFT - Free Report) - DOWLING & PARTN issued their FY2028 earnings per share (EPS) estimates for shares of Safety Insurance Group in a note issued to investors on Tuesday, September 29th. DOWLING & PARTN analyst D. Lukpanov expects that the insurance provider will post earnings per share of $7.50 for the year. The consensus estimate for Safety Insurance Group's current full-year earnings is $4.75 per share.

SAFT has been the topic of a number of other reports. Weiss Ratings raised shares of Safety Insurance Group from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday, September 17th. Wall Street Zen upgraded Safety Insurance Group from a "sell" rating to a "hold" rating in a research note on Saturday, June 6th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Safety Insurance Group has an average rating of "Moderate Buy".

Safety Insurance Group Stock Down 0.0%

SAFT stock opened at $103.58 on Thursday. The stock has a market capitalization of $1.52 billion, a P/E ratio of 22.32 and a beta of 0.16. The firm has a 50-day simple moving average of $102.82 and a 200-day simple moving average of $83.69. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.06. Safety Insurance Group has a 52 week low of $67.04 and a 52 week high of $103.88.

Safety Insurance Group (NASDAQ:SAFT - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The insurance provider reported $2.03 EPS for the quarter, topping the consensus estimate of $2.00 by $0.03. The company had revenue of $325.68 million during the quarter, compared to analyst estimates of $325.68 million. Safety Insurance Group had a net margin of 5.33% and a return on equity of 7.23%.

Hedge Funds Weigh In On Safety Insurance Group

Institutional investors and hedge funds have recently bought and sold shares of the business. Engineers Gate Manager LP lifted its stake in Safety Insurance Group by 148.0% in the 2nd quarter. Engineers Gate Manager LP now owns 11,283 shares of the insurance provider's stock worth $845,000 after purchasing an additional 6,733 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of Safety Insurance Group in the second quarter valued at approximately $118,000. Corient Private Wealth LP acquired a new stake in shares of Safety Insurance Group in the second quarter valued at approximately $211,000. Susquehanna Fundamental Investments LLC lifted its position in Safety Insurance Group by 2.6% during the second quarter. Susquehanna Fundamental Investments LLC now owns 7,086 shares of the insurance provider's stock worth $530,000 after buying an additional 181 shares in the last quarter. Finally, Archer Investment Corp acquired a new position in Safety Insurance Group during the second quarter worth $487,000. 81.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, major shareholder Corp Srb sold 1,240,352 shares of the stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $103.07, for a total value of $127,843,080.64. Following the completion of the sale, the insider directly owned 473,387 shares in the company, valued at $48,791,998.09. This represents a 72.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 1,316,109 shares of company stock worth $134,654,987 over the last ninety days. 2.20% of the stock is owned by corporate insiders.

Safety Insurance Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were issued a dividend of $0.92 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $3.68 dividend on an annualized basis and a dividend yield of 3.6%. Safety Insurance Group's dividend payout ratio is presently 79.31%.

About Safety Insurance Group

Safety Insurance Group, Inc is a property and casualty insurance holding company headquartered in Boston, Massachusetts. Through its insurance subsidiaries, the company provides personal and commercial insurance products primarily through a network of independent agents.

Its personal insurance offerings include private-passenger automobile, homeowners, dwelling fire, and umbrella coverage. Safety also provides commercial automobile, business owners, commercial property, and workers' compensation insurance for businesses and other organizations.

Founded in 1979, Safety Insurance Group primarily serves customers in Massachusetts, New Hampshire, and Maine.

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