Safety Insurance Group (SAFT) Projected to Announce Earnings on Monday

Key Points

• Safety Insurance Group is expected to report earnings after Monday’s market close, with analysts projecting $1.25 in EPS and $533.84 million in revenue.
• The insurer’s previous quarter exceeded expectations, delivering $2.03 EPS versus the $2.00 consensus, while analysts forecast $4.15 EPS for the current fiscal year and $6.75 for the next.
• Shares recently opened at $104.16 near their 12-month high, and the company pays a quarterly dividend of $0.92, equivalent to a 3.5% annual yield; analyst sentiment is “Moderate Buy.”

Safety Insurance Group (NASDAQ:SAFT - Get Free Report) is expected to issue its results after the market closes on Monday, November 2nd. Analysts expect Safety Insurance Group to post earnings of $1.25 per share and revenue of $533.84 million for the quarter.

Safety Insurance Group (NASDAQ:SAFT - Get Free Report) last posted its earnings results on Wednesday, August 5th. The insurance provider reported $2.03 EPS for the quarter, beating analysts' consensus estimates of $2.00 by $0.03. The company had revenue of $325.68 million during the quarter, compared to analysts' expectations of $325.68 million. Safety Insurance Group had a net margin of 5.33% and a return on equity of 7.23%. On average, analysts expect Safety Insurance Group to post $4.15 EPS for the current fiscal year and $6.75 EPS for the next fiscal year.

Safety Insurance Group Price Performance

Shares of SAFT opened at $104.16 on Monday. The company has a 50 day moving average of $103.63 and a two-hundred day moving average of $87.41. 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 twelve month low of $67.04 and a twelve month high of $104.17. The company has a market cap of $1.53 billion, a price-to-earnings ratio of 22.45 and a beta of 0.15.

Safety Insurance Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were given 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 3.5%. Safety Insurance Group's dividend payout ratio is presently 79.31%.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Safety Insurance Group from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday, September 17th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy".

Safety Insurance Group Company Profile

Safety Insurance Group, Inc is an insurance holding company that provides property and casualty insurance products primarily through its subsidiary, Safety Insurance Company. The company focuses on personal and commercial insurance coverage for individuals, families, and businesses.

Its product offerings include private passenger automobile insurance, homeowners insurance, dwelling fire coverage, business owners policies, commercial automobile insurance, and related property and liability products.

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