NASDAQ:SAFT

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

$72.82

+0.27 (+0.37%)

(As of 05/31/2023 ET)

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Today's Range: $72.79
▼
$74.49
50-Day Range: $68.61
▼
$76.89
52-Week Range: $67.71
▼
$99.75

Volume: 106,598 shs
Average Volume: 61,517 shs
Market Capitalization: $1.08 billion

P/E Ratio: 40.91
Dividend Yield: 4.94%
Price Target: N/A

Safety Insurance Group MarketRank™ Forecast

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
1.15% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: -1.64
Upright™ Environmental Score
News Sentiment: 1.52
Based on 10 Articles This Week
Insider Trading: Acquiring Shares
$3.11 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.

2.28 out of 5 stars

Finance Sector

602nd out of 901 stocks

Fire, Marine, & Casualty Insurance Industry

27th out of 47 stocks

N/A

Analyst's Opinion

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

3.0

Short Interest

Percentage of Shares Shorted
1.15% 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, 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 increased by 8.84%, indicating that investor sentiment is decreasing significantly.

1.7

Dividend Strength

Dividend Leadership
Safety Insurance Group is a leading dividend payer. It pays a dividend yield of 4.98%, 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 202.25%. Payout ratios above 75% are not desirable because they may not be sustainable.

1.9

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Safety Insurance Group has received a -7.47% 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 -1.64.

3.6

News and Social Media Coverage

News Sentiment
Safety Insurance Group has a news sentiment score of 1.52. 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 0.68 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 10 news articles for Safety Insurance Group this week, compared to 1 article on an average week.
Search Interest
2 people have searched for SAFT on MarketBeat 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 3,779.96% more of their company's stock than they have sold. Specifically, they have bought $3,112,733.00 in company stock and sold $80,226.00 in company stock.
Percentage Held by Insiders
Only 4.40% of the stock of Safety Insurance Group is held by insiders.
Percentage Held by Institutions
91.79% 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 40.91, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 138.56.
Price to Earnings Ratio vs. Sector
The P/E ratio of Safety Insurance Group is 40.91, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 163.88.
Price to Book Value per Share Ratio
Safety Insurance Group has a P/B Ratio of 1.35. 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. engages in the management and provision of insurance services. It offers property and casualty insurance products which include commercial vehicles and fleets. The firm provides private passenger automobile, commercial automobile and homeowners insurance. The company was founded in 1979 and is headquartered in Boston, MA.

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SAFT Stock News Headlines

May 29, 2023 | americanbankingnews.com

Safety Insurance Group, Inc. (NASDAQ:SAFT) Announces Quarterly Dividend of $0.90

May 29, 2023 | americanbankingnews.com

Head-To-Head Contrast: Safety Insurance Group (NASDAQ:SAFT) and MS&AD Insurance Group (OTCMKTS:MSADY)

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May 27, 2023 | americanbankingnews.com

Safety Insurance Group, Inc. (NASDAQ:SAFT) Major Shareholder Corp Srb Acquires 26,651 Shares of 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 25, 2023 | americanbankingnews.com

Safety Insurance Group, Inc. (NASDAQ:SAFT) Director Peter J. Manning Sells 550 Shares

May 7, 2023 | finance.yahoo.com

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

May 6, 2023 | americanbankingnews.com

Safety Insurance Group (NASDAQ:SAFT) Reaches New 1-Year Low at $70.02

June 1, 2023 | Vantage Point (Ad)

Stop Trading Like A Turtle

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 28, 2023 | americanbankingnews.com

Short Interest in Safety Insurance Group, Inc. (NASDAQ:SAFT) Expands By 26.6%

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.

October 6, 2022 | nasdaq.com

RSI Alert: Safety Insurance Group Now Oversold

October 6, 2022 | finance.yahoo.com

Safety Insurance Group, Inc. Announces Intent to Acquire Northeast Metrowest Insurance Agency

September 20, 2022 | finance.yahoo.com

Declining Stock and Decent Financials: Is The Market Wrong About Safety Insurance Group, Inc. (NASDAQ:SAFT)?

September 19, 2022 | gurufocus.com

Should Investors Worry About Safety Insurance Group Inc's Insider Sells?

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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SAFT Company Calendar

Last Earnings: 11/03/2021
Ex-Dividend for 3/15 Dividend: 2/28/2023
Dividend Payable: 3/15/2023
Today: 5/31/2023
Ex-Dividend for 6/15 Dividend: 5/31/2023
Dividend Payable: 6/15/2023
Next Earnings (Estimated): 8/02/2023
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: 552
Year Founded: 1979

Profitability

EPS (Most Recent Fiscal Year): $1.78
Trailing P/E Ratio: 40.91
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $46.56 million
Net Margins: 3.23%
Pretax Margin: 4.18%
Return on Equity: 5.81%
Return on Assets: 2.38%

Debt

Debt-to-Equity Ratio: 0.06
Current Ratio: 0.34
Quick Ratio: 0.34

Sales & Book Value

Annual Sales: $797.56 million
Price / Sales: 1.36
Cash Flow: $5.65 per share
Price / Cash Flow: 12.89
Book Value: $54.01 per share
Price / Book: 1.35

Miscellaneous

Outstanding Shares: 14,870,000
Free Float: 14,212,000
Market Cap: $1.08 billion
Optionable: Optionable
Beta: 0.31

Social Links

Key Executives

George M. Murphy
Chairman, President & Chief Executive Officer

Christopher T. Whitford
CFO, Secretary, Chief Accounting Officer & VP

Stephen A. Varga
Vice President-Management Information Systems

Ann Marie McKeown
Vice President-Insurance Operations

Paul J. Narciso
Vice President-Claims

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 on January 1st, 2023. Since then, SAFT stock has decreased by 13.6% and is now trading at $72.82.
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, August 2nd 2023.
View our SAFT earnings forecast.
How were Safety Insurance Group's earnings last quarter?: Safety Insurance Group, Inc. (NASDAQ:SAFT) announced its quarterly earnings data on Wednesday, November, 3rd. The insurance provider reported $1.70 EPS for the quarter, beating analysts' consensus estimates of $1.15 by $0.55. The insurance provider earned $213.71 million during the quarter. Safety Insurance Group had a net margin of 3.23% and a trailing twelve-month return on equity of 5.81%.
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, May 3rd. Stockholders of record on Thursday, June 1st will be given a dividend of $0.90 per share on Thursday, June 15th. This represents a $3.60 annualized dividend and a dividend yield of 4.94%. The ex-dividend date of this dividend is Wednesday, May 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 Timothy Plan Market Neutral ETF (TPMN), Vanguard U.S. Minimum Volatility ETF (VFMV), ETC 6 Meridian Small Cap Equity ETF (SIXS), Invesco S&P SmallCap Low Volatility ETF (XSLV), Roundhill Acquirers Deep Value ETF (DEEP), Invesco S&P SmallCap Financials ETF (PSCF), SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV) and iShares US Small Cap Value Factor ETF (SVAL).
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 4.98%. SAFT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 202.25%. 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."
Who are Safety Insurance Group's major shareholders?: Safety Insurance Group's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (14.48%), Bank of New York Mellon Corp (12.55%), Victory Capital Management Inc. (6.45%), Dimensional Fund Advisors LP (4.81%), State Street Corp (3.76%) and Geode Capital Management LLC (1.96%). Insiders that own company stock include Ann Marie Mckeown, Christopher Thomas Whitford, Corp Srb, Frederic H Lindeberg, 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 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 $72.82.
How much money does Safety Insurance Group make?: Safety Insurance Group (NASDAQ:SAFT) has a market capitalization of $1.08 billion and generates $797.56 million in revenue each year. The insurance provider earns $46.56 million in net income (profit) each year or $1.78 on an earnings per share basis.
How many employees does Safety Insurance Group have?: The company employs 552 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 6/1/2023 by MarketBeat.com Staff

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