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

$76.67
-0.13 (-0.17%)
(As of 05/24/2024 ET)
Today's Range
$76.49
$77.48
50-Day Range
$76.67
$84.35
52-Week Range
$65.78
$88.72
Volume
30,779 shs
Average Volume
39,619 shs
Market Capitalization
$1.14 billion
P/E Ratio
22.10
Dividend Yield
4.70%
Price Target
N/A

Safety Insurance Group MarketRank™ Stock Analysis

Analyst Rating
N/A
Upside/​Downside
N/A
Short Interest
Healthy
0.97% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-1.18
Upright™ Environmental Score
News Sentiment
1.91mentions of Safety Insurance Group in the last 14 days
Based on 2 Articles This Week
Insider Trading
Selling Shares
$71,415 Sold Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.61 out of 5 stars

Finance Sector

565th out of 854 stocks

Fire, Marine, & Casualty Insurance Industry

36th out of 51 stocks

SAFT stock logo

About Safety Insurance Group Stock (NASDAQ:SAFT)

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.

SAFT Stock Price History

SAFT Stock News Headlines

SAFT Mar 2024 130.000 call
Safety Insurance Group Inc.
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Company Calendar

Last Earnings
2/27/2024
Ex-Dividend for 3/15 Dividend
2/29/2024
Dividend Payable
3/15/2024
Today
5/25/2024
Ex-Dividend for 6/14 Dividend
6/03/2024
Dividend Payable
6/14/2024
Next Earnings (Estimated)
8/07/2024
Fiscal Year End
12/31/2024

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
6.63%

Debt

Sales & Book Value

Annual Sales
$930.96 million
Cash Flow
$1.28 per share
Book Value
$54.40 per share

Miscellaneous

Free Float
14,540,000
Market Cap
$1.14 billion
Optionable
Optionable
Beta
0.19

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Key Executives

  • Mr. George Michael Murphy C.P.C.U. (Age 57)
    President, CEO & Chairperson of the Board
    Comp: $962.78k
  • Mr. Christopher Thomas Whitford CPA (Age 41)
    VP, CFO & Secretary
    Comp: $472.99k
  • Mr. James David Berry C.P.C.U. (Age 64)
    Vice President of Underwriting
    Comp: $502.58k
  • Mr. John Patrick Drago (Age 57)
    Vice President of Marketing
  • Mr. Glenn Robert Hiltpold (Age 52)
    Vice President of Actuarial Services
  • Mr. Brian Siu-Gae Lam (Age 44)
    Vice President of Insurance Operations

SAFT Stock Analysis - Frequently Asked Questions

How have SAFT shares performed in 2024?

Safety Insurance Group's stock was trading at $75.99 at the beginning of 2024. Since then, SAFT shares have increased by 0.9% and is now trading at $76.67.
View the best growth stocks for 2024 here
.

When is Safety Insurance Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 7th 2024.
View our SAFT earnings forecast
.

How were Safety Insurance Group's earnings last quarter?

Safety Insurance Group, Inc. (NASDAQ:SAFT) announced its quarterly earnings results on Tuesday, February, 27th. The insurance provider reported $0.30 EPS for the quarter. The insurance provider earned $258.40 million during the quarter. Safety Insurance Group had a net margin of 5.20% and a trailing twelve-month return on equity of 4.90%.

How often does Safety Insurance Group pay dividends? What is the dividend yield for Safety Insurance Group?

Safety Insurance Group announced a quarterly dividend on Wednesday, May 8th. Investors of record on Monday, June 3rd will be given a dividend of $0.90 per share on Friday, June 14th. This represents a $3.60 annualized dividend and a yield of 4.70%. The ex-dividend date is Monday, June 3rd.
Read our dividend analysis for SAFT
.

Is Safety Insurance Group a good dividend stock?

Safety Insurance Group (NASDAQ:SAFT) pays an annual dividend of $3.60 per share and currently has a dividend yield of 4.69%. SAFT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 103.75%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for SAFT.

What ETFs hold Safety Insurance Group's stock?
What is George M. Murphy's approval rating as Safety Insurance Group's CEO?

11 employees have rated Safety Insurance Group Chief Executive Officer George M. Murphy on Glassdoor.com. George M. Murphy has an approval rating of 44% among the company's employees. This puts George M. Murphy in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Safety Insurance Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Safety Insurance Group investors own include Pfizer (PFE), Simon Property Group (SPG), AT&T (T), Southern (SO), Walgreens Boots Alliance (WBA), AbbVie (ABBV), Verizon Communications (VZ), Exxon Mobil (XOM), Applied Materials (AMAT) and Dominion Energy (D).

Who are Safety Insurance Group's major shareholders?

Safety Insurance Group's stock is owned by many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (11.43%), TimesSquare Capital Management LLC (2.73%), Principal Financial Group Inc. (0.52%), Jacobs Levy Equity Management Inc. (0.37%), Assenagon Asset Management S.A. (0.30%) and Silver Lake Advisory LLC (0.28%). Insiders that own company stock include Ann Marie Mckeown, Christopher Thomas Whitford, Corp Srb, Dennis J Langwell, Glenn Hiltpold, James Berry, Peter J Manning and Stephen Albert Varga.
View institutional ownership trends
.

How do I buy shares of Safety Insurance Group?

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.

Does Safety Insurance Group have any subsidiaries?
The following companies are subsidiares of Safety Insurance Group: SAFETY ASSET MANAGEMENT CORPORATION, SAFETY INDEMNITY INSURANCE COMPANY, SAFETY INSURANCE COMPANY, SAFETY MANAGEMENT CORPORATION, SAFETY NORTHEAST INSURANCE COMPANY, SAFETY PROPERTY AND CASUALTY INSURANCE COMPANY, and Thomas Black Corporation.
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This page (NASDAQ:SAFT) was last updated on 5/26/2024 by MarketBeat.com Staff

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