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NASDAQ:SAFTSafety Insurance Group Stock Price, Forecast & News

$80.71
+0.45 (+0.56 %)
(As of 08/12/2020 04:00 PM ET)
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Today's Range
$80.51
Now: $80.71
$82.55
50-Day Range
$72.63
MA: $76.04
$80.71
52-Week Range
$65.45
Now: $80.71
$103.96
Volume56,700 shs
Average Volume62,299 shs
Market Capitalization$1.22 billion
P/E Ratio14.73
Dividend Yield4.46%
Beta0.36
Safety Insurance Group, Inc. provides private passenger and commercial automobile insurance in Massachusetts, New Hampshire, and Maine, 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 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. Safety Insurance Group, Inc. was founded in 1979 and is based in Boston, Massachusetts.
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Beat the Market (BTM) Rank

Analyst Opinion: 0.0Community Rank: 2.1Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.20 out of 5 stars


Industry, Sector and Symbol

Industry Fire, marine, & casualty insurance
Sub-IndustryProperty & Casualty Insurance
SectorFinance
Current SymbolNASDAQ:SAFT
CUSIP78648T10
Phone617-951-0600

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$877.75 million
Cash Flow$6.22 per share
Book Value$52.55 per share

Profitability

Net Income$99.60 million

Miscellaneous

Employees627
Market Cap$1.22 billion
Next Earnings Date11/4/2020 (Estimated)
OptionableOptionable
$80.71
+0.45 (+0.56 %)
(As of 08/12/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Safety Insurance Group (NASDAQ:SAFT) Frequently Asked Questions

How has Safety Insurance Group's stock price been impacted by Coronavirus (COVID-19)?

Safety Insurance Group's stock was trading at $75.10 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, SAFT stock has increased by 7.5% and is now trading at $80.71.
View which stocks have been most impacted by COVID-19
.

When is Safety Insurance Group's next earnings date?

Safety Insurance Group is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
View our earnings forecast for Safety Insurance Group
.

How were Safety Insurance Group's earnings last quarter?

Safety Insurance Group, Inc. (NASDAQ:SAFT) issued its earnings results on Thursday, August, 6th. The insurance provider reported $1.95 earnings per share for the quarter, missing the Zacks' consensus estimate of $2.30 by $0.35. Safety Insurance Group had a return on equity of 11.49% and a net margin of 10.17%.
View Safety Insurance Group's earnings history
.

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

Safety Insurance Group declared a quarterly dividend on Wednesday, August 5th. Stockholders of record on Tuesday, September 1st will be given a dividend of $0.90 per share on Tuesday, September 15th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.46%. The ex-dividend date of this dividend is Monday, August 31st.
View Safety Insurance Group's dividend history
.

Has Safety Insurance Group been receiving favorable news coverage?

Media headlines about SAFT stock have trended extremely negative this week, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Safety Insurance Group earned a coverage optimism score of -4.1 on InfoTrie's scale. They also gave news headlines about the insurance provider a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the stock's share price in the immediate future.
View the latest news about Safety Insurance Group
.

Are investors shorting Safety Insurance Group?

Safety Insurance Group saw a decrease in short interest in May. As of May 15th, there was short interest totaling 178,400 shares, a decrease of 20.4% from the April 30th total of 224,000 shares. Based on an average daily volume of 75,300 shares, the short-interest ratio is presently 2.4 days. Currently, 1.2% of the company's stock are short sold.
View Safety Insurance Group's Short Interest
.

Who are some of Safety Insurance Group's key competitors?

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 Simon Property Group (SPG), AT&T (T), Pfizer (PFE), Southern (SO), Walgreens Boots Alliance (WBA), Verizon Communications (VZ), Dominion Energy (D), General Motors (GM), IBM (IBM) and Micron Technology (MU).

Who are Safety Insurance Group's key executives?

Safety Insurance Group's management team includes the following people:
  • Mr. George Michael Murphy C.P.C.U., CPCU, Pres, CEO & Director (Age 52)
  • Mr. William Joseph Begley Jr., VP, CFO, Sec. & Treasurer (Age 64)
  • Mr. James David Berry C.P.C.U., CPCU, VP of Underwriting (Age 59)
  • Mr. Christopher Whitford, Controller
  • Mr. John Patrick Drago, VP of Marketing (Age 52)

What is Safety Insurance Group's stock symbol?

Safety Insurance Group trades on the NASDAQ under the ticker symbol "SAFT."

Who are Safety Insurance Group's major shareholders?

Safety Insurance Group's stock is owned by many different institutional and retail investors. Top institutional investors include Bank of New York Mellon Corp (2.44%), Robeco Institutional Asset Management B.V. (2.24%), Victory Capital Management Inc. (1.06%), Principal Financial Group Inc. (0.71%), WINTON GROUP Ltd (0.43%) and First Trust Advisors LP (0.42%). Company insiders that own Safety Insurance Group stock include Corp Srb, David D Mckown, David E Krupa, Frederic H Lindeberg, James Berry, Peter J Manning and Stephen Albert Varga.
View institutional ownership trends for Safety Insurance Group
.

Which institutional investors are selling Safety Insurance Group stock?

SAFT stock was sold by a variety of institutional investors in the last quarter, including UBS Group AG, Goldman Sachs Group Inc., Bank of Montreal Can, Hancock Whitney Corp, Prudential Financial Inc., Navellier & Associates Inc, Principal Financial Group Inc., and Bank of New York Mellon Corp.
View insider buying and selling activity for Safety Insurance Group
.

Which institutional investors are buying Safety Insurance Group stock?

SAFT stock was purchased by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., WINTON GROUP Ltd, Assenagon Asset Management S.A., First Trust Advisors LP, Fernwood Investment Management LLC, Swiss National Bank, Mutual of America Capital Management LLC, and GW Henssler & Associates Ltd.. Company insiders that have bought Safety Insurance Group stock in the last two years include Corp Srb, and Frederic H Lindeberg.
View insider buying and selling activity for Safety Insurance Group
.

How do I buy shares of Safety Insurance Group?

Shares of SAFT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Safety Insurance Group's stock price today?

One share of SAFT stock can currently be purchased for approximately $80.71.

How big of a company is Safety Insurance Group?

Safety Insurance Group has a market capitalization of $1.22 billion and generates $877.75 million in revenue each year. Safety Insurance Group employs 627 workers across the globe.

What is Safety Insurance Group's official website?

The official website for Safety Insurance Group is www.safetyinsurance.com.

How can I contact Safety Insurance Group?

Safety Insurance Group's mailing address is 20 CUSTOM HOUSE STREET, BOSTON MA, 02110. The insurance provider can be reached via phone at 617-951-0600 or via email at [email protected]

This page was last updated on 8/13/2020 by MarketBeat.com Staff

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