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NASDAQ:SAFTSafety Insurance Group Stock Price, Forecast & News

-1.70 (-2.11 %)
(As of 05/28/2020 04:00 PM ET)
Today's Range
Now: $78.74
50-Day Range
MA: $80.00
52-Week Range
Now: $78.74
Volume54,800 shs
Average Volume59,434 shs
Market Capitalization$1.21 billion
P/E Ratio17.98
Dividend Yield4.48%
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: 4.0Valuation: 0.0 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.55 out of 5 stars

Industry, Sector and Symbol

Industry Fire, marine, & casualty insurance
Sub-IndustryProperty & Casualty Insurance
Current SymbolNASDAQ:SAFT



Sales & Book Value

Annual Sales$877.75 million
Cash Flow$5.82 per share
Book Value$49.78 per share


Net Income$99.60 million


Market Cap$1.21 billion
Next Earnings Date7/29/2020 (Estimated)

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Safety Insurance Group (NASDAQ:SAFT) Frequently Asked Questions

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

Safety Insurance Group's stock was trading at $75.10 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, SAFT stock has increased by 4.8% and is now trading at $78.74. View which stocks have been most impacted by Coronavirus.

When is Safety Insurance Group's next earnings date?

Safety Insurance Group is scheduled to release its next quarterly earnings announcement on Wednesday, July 29th 2020. View our earnings forecast for Safety Insurance Group.

How were Safety Insurance Group's earnings last quarter?

Safety Insurance Group, Inc. (NASDAQ:SAFT) released its quarterly earnings data on Wednesday, May, 6th. The insurance provider reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.22. The insurance provider earned $181.04 million during the quarter. Safety Insurance Group had a net margin of 8.09% and a return on equity of 10.71%. 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, May 6th. Shareholders of record on Monday, June 1st will be paid a dividend of $0.90 per share on Monday, June 15th. This represents a $3.60 annualized dividend and a yield of 4.57%. The ex-dividend date is Friday, May 29th. View Safety Insurance Group's dividend history.

Has Safety Insurance Group been receiving favorable news coverage?

News coverage about SAFT stock has trended very negative recently, according to InfoTrie Sentiment. The research group identifies positive and negative press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Safety Insurance Group earned a news sentiment score of -3.4 on InfoTrie's scale. They also assigned press coverage about the insurance provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the next few days. View the latest news aboutSafety Insurance Group.

Are investors shorting Safety Insurance Group?

Safety Insurance Group saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 224,000 shares, an increase of 29.6% from the April 30th total of 172,800 shares. Based on an average trading volume of 70,200 shares, the days-to-cover ratio is currently 3.2 days. Currently, 1.5% of the company's stock are sold short. View Safety Insurance Group's Current Options Chain.

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 Pfizer (PFE), Southern (SO), Gilead Sciences (GILD), AT&T (T), Verizon Communications (VZ), Johnson & Johnson (JNJ), Simon Property Group (SPG), Tesla (TSLA), Walgreens Boots Alliance (WBA) and AbbVie (ABBV).

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 a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (14.30%), SRB Corp (10.33%), State Street Corp (3.42%), Bank of New York Mellon Corp (2.43%), Robeco Institutional Asset Management B.V. (2.22%) and Invesco Ltd. (1.67%). 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 Morgan Stanley, Morgan Stanley, Wells Fargo & Company MN, SG Americas Securities LLC, WINTON GROUP Ltd, AQR Capital Management LLC, Stone Ridge Asset Management LLC, and Parametric Portfolio Associates LLC. 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 Prospector Partners LLC, Deutsche Bank AG, Silver Lake Advisory LLC, First Trust Advisors LP, SRB Corp, State Street Corp, JPMorgan Chase & Co., and Mutual of America Capital Management LLC. 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 $78.74.

How big of a company is Safety Insurance Group?

Safety Insurance Group has a market capitalization of $1.21 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 5/29/2020 by MarketBeat.com Staff

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