NASDAQ:SAFT

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

$68.19

-0.34 (-0.50%)

(As of 09/29/2023 ET)

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Today's Range: $67.64
▼
$68.65
50-Day Range: $65.87
▼
$73.72
52-Week Range: $65.78
▼
$92.61

Volume: 66,933 shs
Average Volume: 51,266 shs
Market Capitalization: $1.01 billion

P/E Ratio: 28.41
Dividend Yield: 5.28%
Price Target: N/A

Safety Insurance Group MarketRank™ Forecast

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
0.96% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: -1.61
Upright™ Environmental Score
News Sentiment: 1.56
Based on 2 Articles This Week
Insider Trading: Acquiring Shares
$2.25 M Bought Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.64 out of 5 stars

Finance Sector

272nd out of 879 stocks

Fire, Marine, & Casualty Insurance Industry

16th out of 48 stocks

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for Safety Insurance Group.

5.0

Short Interest

Percentage of Shares Shorted
0.96% 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 2.8, 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 8.95%, indicating that investor sentiment is improving significantly.

1.7

Dividend Strength

Dividend Leadership
Safety Insurance Group is a leading dividend payer. It pays a dividend yield of 5.28%, 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 150.00%. Payout ratios above 75% are not desirable because they may not be sustainable.

1.8

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Safety Insurance Group has received a -10.17% net impact score from Upright. Safety Insurance uses resources or causes negative impacts mostly in categories "Scarce human capital", "GHG emissions", and "Physical diseases". The negative contribution in the "GHG emissions" impact category seems to be driven mostly by its "Passenger car insurance services for individuals", "Home insurance services for individuals", and "Light commercial vehicle insurance services for individuals" products. See details.
Environmental Sustainability
The Environmental Impact score for Safety Insurance Group is -1.61.

4.2

News and Social Media Coverage

News Sentiment
Safety Insurance Group has a news sentiment score of 1.56. 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 0.70 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Safety Insurance Group this week, compared to 1 article on an average week.
Search Interest
3 people have searched for SAFT on MarketBeat in the last 30 days. This is an increase of 200% compared to the previous 30 days.
MarketBeat Follows
2 people have added Safety Insurance Group to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Safety Insurance Group insiders have bought 24,491.13% more of their company's stock than they have sold. Specifically, they have bought $2,246,400.00 in company stock and sold $9,135.00 in company stock.
Percentage Held by Insiders
Only 4.20% of the stock of Safety Insurance Group is held by insiders.
Percentage Held by Institutions
79.74% 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.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Safety Insurance Group is 28.41, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 108.26.
Price to Earnings Ratio vs. Sector
The P/E ratio of Safety Insurance Group is 28.41, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 65.09.
Price to Book Value per Share Ratio
Safety Insurance Group has a P/B Ratio of 1.24. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Safety Insurance Group (NASDAQ:SAFT) Stock

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 and business owner policies, 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. The company was founded in 1979 and is headquartered in Boston, Massachusetts.

SAFT Price History

30 days | 90 days | 365 days | Advanced Chart

SAFT Stock News Headlines

September 14, 2023 | marketbeat.com

The Steadiest Dividend Stocks Paying Up to 11%

September 25, 2023 | finance.yahoo.com

Weak Financial Prospects Seem To Be Dragging Down Safety Insurance Group, Inc. (NASDAQ:SAFT) Stock

October 1, 2023 | Goldco (Ad)

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August 29, 2023 | finance.yahoo.com

Safety Insurance Group's (NASDAQ:SAFT) Dividend Will Be $0.90

August 28, 2023 | benzinga.com

Tiptree Supports Customers through Tough Times, Supporting Shareholders through Changes

August 28, 2023 | finance.yahoo.com

Dividend Investors: Don't Be Too Quick To Buy Safety Insurance Group, Inc. (NASDAQ:SAFT) For Its Upcoming Dividend

August 27, 2023 | finance.yahoo.com

With 80% ownership, Safety Insurance Group, Inc. (NASDAQ:SAFT) boasts of strong institutional backing

August 3, 2023 | finance.yahoo.com

Safety Insurance Group, Inc. Announces Second Quarter 2023 Results and Declares Third Quarter 2023 Dividend

October 1, 2023 | Goldco (Ad)

Biden's Digital Dollar Nightmare

July 24, 2023 | benzinga.com

Over $2M Bet On Safety Insurance Group? Check Out These 3 Stocks Insiders Are Buying

June 5, 2023 | seekingalpha.com

Safety Insurance Group: A Healthier Mercury Group?

June 1, 2023 | benzinga.com

10% Owner of Safety Insurance Group Purchased $545K In Stock

May 26, 2023 | finance.yahoo.com

Here's Why We're Wary Of Buying Safety Insurance Group's (NASDAQ:SAFT) For Its Upcoming Dividend

May 7, 2023 | finance.yahoo.com

Safety Insurance Group (NASDAQ:SAFT) Is Paying Out A Dividend Of $0.90

May 5, 2023 | msn.com

Safety Insurance Group (SAFT) Declares $0.90 Dividend

May 3, 2023 | finance.yahoo.com

Safety Insurance Group, Inc. Announces First Quarter 2023 Results and Declares Second Quarter 2023 Dividend

April 5, 2023 | finance.yahoo.com

Safety Insurance Group, Inc. Announces Board of Director Updates

March 18, 2023 | finance.yahoo.com

Is Safety Insurance Group, Inc.'s (NASDAQ:SAFT) Stock Price Struggling As A Result Of Its Mixed Financials?

February 23, 2023 | benzinga.com

Safety Insurance Group's Ex-Dividend Date Is Tuesday, Here's What You Need To Know

February 22, 2023 | finance.yahoo.com

Safety Insurance Group, Inc. Announces Fourth Quarter and Full Year 2022 Results

February 21, 2023 | benzinga.com

Earnings Outlook For Safety Insurance Group

February 19, 2023 | finance.yahoo.com

Safety Insurance Group (NASDAQ:SAFT) Has Announced A Dividend Of $0.90

February 16, 2023 | finance.yahoo.com

Safety Insurance Declares First Quarter 2023 Dividend and Timing of Year-End 2022 Results

January 14, 2023 | forbes.com

Safety Insurance Group

November 9, 2022 | finance.yahoo.com

Safety Insurance Group Third Quarter 2022 Earnings: EPS: US$0.42 (vs US$1.65 in 3Q 2021)

November 2, 2022 | finance.yahoo.com

Safety Insurance Group, Inc. Announces Third Quarter 2022 Results and Declares Fourth Quarter 2022 Dividend

November 1, 2022 | seekingalpha.com

SAFT Safety Insurance Group, Inc.

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SAFT Company Calendar

Last Earnings: 8/02/2023
Ex-Dividend for 9/15 Dividend: 8/31/2023
Dividend Payable: 9/15/2023
Today: 10/01/2023
Next Earnings (Estimated): 11/01/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Fire, marine, & casualty insurance
Sub-Industry: Property & Casualty Insurance
Sector: Finance
Current Symbol: NASDAQ:SAFT
CUSIP: 78648T10
CIK: 1172052
Web: www.safetyinsurance.com
Phone: (617) 951-0600
Fax: 617-603-4837
Employees: 538
Year Founded: 1979

Profitability

EPS (Most Recent Fiscal Year): $2.40
Trailing P/E Ratio: 28.41
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $46.56 million
Net Margins: 4.12%
Pretax Margin: 5.31%
Return on Equity: 3.82%
Return on Assets: 1.54%

Debt

Debt-to-Equity Ratio: 0.04
Current Ratio: 0.38
Quick Ratio: 0.38

Sales & Book Value

Annual Sales: $797.56 million
Price / Sales: 1.26
Cash Flow: $5.61 per share
Price / Cash Flow: 12.16
Book Value: $55.10 per share
Price / Book: 1.24

Miscellaneous

Outstanding Shares: 14,790,000
Free Float: 14,171,000
Market Cap: $1.01 billion
Optionable: Optionable
Beta: 0.27

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Key Executives

Mr. George Michael Murphy C.P.C.U. (Age 56)
CPCU, Pres, CEO & Chairperson of the Board
Comp: $1.85M

Mr. Christopher Thomas Whitford CPA (Age 40)
VP, CFO & Sec.
Comp: $699.75k

Mr. James David Berry C.P.C.U. (Age 63)
CPCU, VP of Underwriting
Comp: $840.01k

Mr. John Patrick Drago (Age 56)
VP of Marketing

Mr. Glenn Robert Hiltpold (Age 52)
VP of Actuarial Services

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

SAFT Stock - Frequently Asked Questions

How have SAFT shares performed in 2023?: Safety Insurance Group's stock was trading at $84.26 at the beginning of the year. Since then, SAFT stock has decreased by 19.1% and is now trading at $68.19.
View the best growth stocks for 2023 here.
When is Safety Insurance Group's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our SAFT earnings forecast.
How were Safety Insurance Group's earnings last quarter?: Safety Insurance Group, Inc. (NASDAQ:SAFT) issued its earnings results on Wednesday, August, 2nd. The insurance provider reported $0.80 EPS for the quarter. The insurance provider earned $229.44 million during the quarter. Safety Insurance Group had a trailing twelve-month return on equity of 3.82% and a net margin of 4.12%.
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, August 2nd. Shareholders of record on Friday, September 1st will be paid a dividend of $0.90 per share on Friday, September 15th. This represents a $3.60 annualized dividend and a yield of 5.28%. The ex-dividend date is Thursday, August 31st.
Read our dividend analysis for SAFT.
What ETFs hold Safety Insurance Group's stock?: ETFs with the largest weight of Safety Insurance Group (NASDAQ:SAFT) stock in their portfolio include JPMorgan Active Small Cap Value ETF (JPSV), Vanguard U.S. Minimum Volatility ETF (VFMV), Invesco S&P SmallCap Low Volatility ETF (XSLV) and SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV).iShares U.S. Insurance ETF (IAK).
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 5.28%. SAFT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 150.00%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for SAFT.
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).
What is Safety Insurance Group's stock symbol?: Safety Insurance Group trades on the NASDAQ under the ticker symbol "SAFT."
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Safety Insurance Group's stock price today?: One share of SAFT stock can currently be purchased for approximately $68.19.
How much money does Safety Insurance Group make?: Safety Insurance Group (NASDAQ:SAFT) has a market capitalization of $1.01 billion and generates $797.56 million in revenue each year. The insurance provider earns $46.56 million in net income (profit) each year or $2.40 on an earnings per share basis.
How many employees does Safety Insurance Group have?: The company employs 538 workers across the globe.
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.
Read More
How can I contact Safety Insurance Group?: Safety Insurance Group's mailing address is 20 CUSTOM HOUSE STREET, BOSTON MA, 02110. The official website for the company is www.safetyinsurance.com. The insurance provider can be reached via phone at (617) 951-0600, via email at investorrelations@safetyinsurance.com, or via fax at 617-603-4837.

This page (NASDAQ:SAFT) was last updated on 10/1/2023 by MarketBeat.com Staff

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