NASDAQ:SAFT

Safety Insurance Group - SAFT Stock Forecast, Price & News

$81.56

-0.78 (-0.95%)

(As of 09/30/2022 12:00 AM ET)

Add

Compare

Today's Range: $81.45
▼
$83.30
50-Day Range: $81.56
▼
$95.85
52-Week Range: $76.50
▼
$99.75

Volume: 59,970 shs
Average Volume: 65,055 shs
Market Capitalization: $1.20 billion

P/E Ratio: 16.85
Dividend Yield: 4.37%
Price Target: N/A

Safety Insurance Group MarketRank™ Forecast

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
1.60% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -1.30
Upright™ Environmental Score
News Sentiment: 1.61
Based on 3 Articles This Week
Insider Trading: Selling Shares
$54,942 Sold 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.

2.56 out of 5 stars

Finance Sector

420th out of 926 stocks

Fire, Marine, & Casualty Insurance Industry

25th out of 50 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
1.60% 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 3.2, 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 decreased by 13.53%, indicating that investor sentiment is improving significantly.

2.5

Dividend Strength

Dividend Leadership
Safety Insurance Group is a leading dividend payer. It pays a dividend yield of 4.37%, 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 74.38%. This payout ratio is at a healthy, sustainable level, below 75%.

1.8

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Safety Insurance Group has received a -11.10% 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", "Light commercial vehicle insurance services for individuals", and "Home insurance services for individuals" products. See details.
Environmental Sustainability
The Environmental Impact score for Safety Insurance Group is -1.30.

3.7

News and Social Media Coverage

News Sentiment
Safety Insurance Group has a news sentiment score of 1.61. 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 0.63 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Safety Insurance Group this week, compared to 0 articles on an average week.
Search Interest
Only 2 people have searched for SAFT on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
MarketBeat Follows
1 people have added Safety Insurance Group to their MarketBeat watchlist in the last 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Safety Insurance Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $54,942.00 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
93.52% 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 16.85, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.92.
Price to Earnings Ratio vs. Sector
The P/E ratio of Safety Insurance Group is 16.85, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 157.23.
Price to Book Value per Share Ratio
Safety Insurance Group has a P/B Ratio of 1.32. 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. Safety Insurance Group, Inc. was founded in 1979 and is headquartered in Boston, Massachusetts.

Receive SAFT Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Safety Insurance Group and its competitors with MarketBeat's FREE daily newsletter.

SAFT Stock News Headlines

September 20, 2022 | finance.yahoo.com

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

August 26, 2022 | seekingalpha.com

Safety Insurance: Sound Despite Inflationary Headwinds

August 23, 2022 | reuters.com

Safety Insurance Group Inc

August 7, 2022 | finance.yahoo.com

Safety Insurance Group (NASDAQ:SAFT) Will Pay A Dividend Of $0.90

August 3, 2022 | finance.yahoo.com

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

August 1, 2022 | nasdaq.com

Notable Two Hundred Day Moving Average Cross - SAFT

August 1, 2022 | nasdaq.com

Safety Insurance Group is Oversold

July 24, 2022 | nasdaq.com

SAFT Dividend Yield Pushes Above 4%

July 7, 2022 | morningstar.com

Safety Insurance Group Inc - Stock Ownership SAFT

May 27, 2022 | finance.yahoo.com

Safety Insurance Announces Conference Call Information Change for 2022 Annual Meeting of Shareholders

May 27, 2022 | finance.yahoo.com

There's A Lot To Like About Safety Insurance Group's (NASDAQ:SAFT) Upcoming US$0.90 Dividend

May 26, 2022 | finance.yahoo.com

AM Best Affirms Credit Ratings of Safety Insurance Group, Inc. and Key Subsidiaries

May 23, 2022 | finance.yahoo.com

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

May 13, 2022 | nasdaq.com

Safety Insurance Group Enters Oversold Territory

May 9, 2022 | finance.yahoo.com

Safety Insurance Group (NASDAQ:SAFT) Will Pay A Dividend Of US$0.90

May 4, 2022 | finance.yahoo.com

Safety Insurance Group, Inc. Announces First Quarter 2022 Results and Declares Second Quarter 2022 Dividend

March 31, 2022 | apnews.com

Ides Capital Delivers Letter Commenting on Recent Changes at Safety Insurance Group

March 25, 2022 | finance.yahoo.com

Safety Announces Board Refreshment With the Addition of John D. Farina and Deborah E. Gray

February 24, 2022 | nasdaq.com

Safety Insurance Group Shares Cross Below 200 DMA

February 24, 2022 | benzinga.com

Recap: Safety Insurance Group Q4 Earnings

February 24, 2022 | apnews.com

Safety Insurance: Q4 Earnings Snapshot

February 24, 2022 | finance.yahoo.com

Safety Announces Fourth Quarter and Year Ended 2021 Results

February 15, 2022 | seekingalpha.com

Safety Insurance declares $0.90 dividend

February 15, 2022 | finance.yahoo.com

Safety Declares First Quarter 2022 Dividend and Timing of Year-End 2021 Results

January 18, 2022 | nasdaq.com

Safety Insurance Group, Inc. Common Stock (SAFT)

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

Receive SAFT Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Safety Insurance Group and its competitors with MarketBeat's FREE daily newsletter.

SAFT Company Calendar

Last Earnings: 11/03/2021
Ex-Dividend for 9/15 Dividend: 8/31/2022
Dividend Payable: 9/15/2022
Today: 10/02/2022
Next Earnings (Estimated): 11/02/2022
Fiscal Year End: 12/31/2022

Get Stock Alerts

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): $4.84
Trailing P/E Ratio: 16.85
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $130.71 million
Net Margins: 8.87%
Pretax Margin: 11.18%
Return on Equity: 10.42%
Return on Assets: 4.49%

Debt

Debt-to-Equity Ratio: 0.04
Current Ratio: 0.36
Quick Ratio: 0.36

Sales & Book Value

Annual Sales: $884.91 million
Price / Sales: 1.36
Cash Flow: $7.74 per share
Price / Cash Flow: 10.54
Book Value: $61.88 per share
Price / Book: 1.32

Miscellaneous

Outstanding Shares: 14,740,000
Free Float: 14,121,000
Market Cap: $1.20 billion
Optionable: Optionable
Beta: 0.20

Social Links

Key Executives

Mr. George Michael Murphy CPCU (Age 55)
Pres, CEO & Director
Comp: $2.44M

Mr. Christopher Thomas Whitford (Age 39)
VP, CFO & Sec.
Comp: $774.3k

Mr. James David Berry CPCU (Age 62)
VP of Underwriting
Comp: $1.05M

Mr. John Patrick Drago (Age 55)
VP of Marketing

Mr. Glenn Robert Hiltpold (Age 51)
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 2022?: Safety Insurance Group's stock was trading at $85.03 at the start of the year. Since then, SAFT stock has decreased by 4.1% and is now trading at $81.56.
View the best growth stocks for 2022 here.
When is Safety Insurance Group's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our SAFT earnings forecast.
How were Safety Insurance Group's earnings last quarter?: Safety Insurance Group, Inc. (NASDAQ:SAFT) announced its earnings results on Wednesday, November, 3rd. The insurance provider reported $1.70 earnings per share (EPS) for the quarter, topping 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 8.87% and a trailing twelve-month return on equity of 10.42%.
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 3rd. Investors of record on Thursday, September 1st will be paid a dividend of $0.90 per share on Thursday, September 15th. This represents a $3.60 dividend on an annualized basis and a yield of 4.41%. The ex-dividend date is Wednesday, August 31st.
Read our dividend analysis for SAFT.
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 4.37%. SAFT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 74.38%. This payout ratio is at a healthy, sustainable level, below 75%.
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 $81.56.
How much money does Safety Insurance Group make?: Safety Insurance Group (NASDAQ:SAFT) has a market capitalization of $1.20 billion and generates $884.91 million in revenue each year. The insurance provider earns $130.71 million in net income (profit) each year or $4.84 on an earnings per share basis.
How many employees does Safety Insurance Group have?: The company employs 552 workers across the globe.
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 10/2/2022 by MarketBeat.com Staff

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial

Safety Insurance Group - SAFT Stock Forecast, Price & News

Safety Insurance Group MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows