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

Safety Insurance Group's stock was trading at $84.26 at the start of the year. Since then, SAFT stock has decreased by 6.7% and is now trading at $78.62.
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Safety Insurance Group saw a drop in short interest during the month of November. As of November 15th, there was short interest totaling 88,100 shares, a drop of 18.0% from the October 31st total of 107,500 shares. Based on an average daily trading volume, of 49,200 shares, the days-to-cover ratio is currently 1.8 days. Currently, 0.6% of the company's shares are short sold.
View Safety Insurance Group's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 28th 2024.
View our SAFT earnings forecast.

Safety Insurance Group, Inc. (NASDAQ:SAFT) announced its quarterly earnings data on Wednesday, November, 1st. The insurance provider reported $0.59 earnings per share (EPS) for the quarter. The insurance provider had revenue of $229.36 million for the quarter. Safety Insurance Group had a net margin of 3.47% and a trailing twelve-month return on equity of 2.83%.

Safety Insurance Group declared a quarterly dividend on Wednesday, November 1st. Investors of record on Friday, December 1st will be paid a dividend of $0.90 per share on Friday, December 15th. This represents a $3.60 dividend on an annualized basis and a yield of 4.58%. The ex-dividend date of this dividend is Thursday, November 30th.
Read our dividend analysis for SAFT.

Safety Insurance Group (NASDAQ:SAFT) pays an annual dividend of $3.60 per share and currently has a dividend yield of 4.57%. SAFT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 170.62%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for SAFT.

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).

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.

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).

Safety Insurance Group's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Victory Capital Management Inc. (7.81%), Charles Schwab Investment Management Inc. (1.40%), Bank of New York Mellon Corp (1.32%), Northern Trust Corp (1.09%), JPMorgan Chase & Co. (0.98%) and Kayne Anderson Rudnick Investment Management LLC (0.77%). 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.

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.
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