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NASDAQ:SAFT

Safety Insurance Group - SAFT Stock Forecast, Price & News

$93.19
+0.27 (+0.29%)
(As of 08/11/2022 03:59 PM ET)
Add
Compare
Today's Range
$93.15
$94.05
50-Day Range
$84.40
$99.49
52-Week Range
$76.50
$99.75
Volume
1,322 shs
Average Volume
74,371 shs
Market Capitalization
$1.37 billion
P/E Ratio
19.25
Dividend Yield
3.93%
Price Target
N/A

Safety Insurance Group MarketRank™ Forecast

Analyst Rating
N/A
Upside/​Downside
N/A
Short Interest
Healthy
1.77% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-1.30
Upright™ Environmental Score
News Sentiment
1.16mentions of Safety Insurance Group in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$181,860 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.

2.45 out of 5 stars

Finance Sector

396th out of 920 stocks

Fire, Marine, & Casualty Insurance Industry

21st out of 52 stocks

SAFT stock logo

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.

Wall Street Analysts Forecast Growth

Separately, TheStreet lowered Safety Insurance Group from a "b" rating to a "c+" rating in a research report on Friday, July 22nd.

Safety Insurance Group Price Performance

Shares of NASDAQ:SAFT opened at $92.92 on Thursday. Safety Insurance Group has a 1-year low of $76.50 and a 1-year high of $99.75. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.36 and a quick ratio of 0.33. The business has a fifty day moving average price of $92.25 and a 200-day moving average price of $89.00. The company has a market capitalization of $1.37 billion, a PE ratio of 19.20 and a beta of 0.22.

Safety Insurance Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st will be issued a dividend of $0.90 per share. The ex-dividend date is Wednesday, August 31st. This represents a $3.60 annualized dividend and a dividend yield of 3.87%. Safety Insurance Group's payout ratio is presently 74.38%.

Insider Activity

In other news, Director Peter J. Manning sold 2,000 shares of the firm's stock in a transaction on Thursday, June 2nd. The stock was sold at an average price of $90.93, for a total transaction of $181,860.00. Following the completion of the transaction, the director now directly owns 5,000 shares in the company, valued at $454,650. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 4.20% of the company's stock.

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SAFT Stock News Headlines

Safety Insurance Group is Oversold
SAFT Dividend Yield Pushes Above 4%
Recap: Safety Insurance Group Q4 Earnings
Safety Insurance: Q4 Earnings Snapshot
Safety Insurance declares $0.90 dividend
See More Headlines
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SAFT Company Calendar

Last Earnings
11/03/2021
Ex-Dividend for 6/15 Dividend
5/31/2022
Dividend Payable
6/15/2022
Today
8/11/2022
Ex-Dividend for 9/15 Dividend
8/31/2022
Dividend Payable
9/15/2022
Next Earnings (Estimated)
11/02/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Fire, marine, & casualty insurance
Sub-Industry
Property & Casualty Insurance
Sector
Finance
Current Symbol
NASDAQ:SAFT
CUSIP
78648T10
Employees
552
Year Founded
1979

Profitability

Net Income
$130.71 million
Pretax Margin
11.18%

Debt

Sales & Book Value

Annual Sales
$884.91 million
Cash Flow
$7.95 per share
Book Value
$55.54 per share

Miscellaneous

Free Float
14,121,000
Market Cap
$1.37 billion
Optionable
Optionable
Beta
0.22

Social Links















SAFT Stock - Frequently Asked Questions

How have SAFT shares performed in 2022?

Safety Insurance Group's stock was trading at $85.03 at the beginning of 2022. Since then, SAFT shares have increased by 9.6% and is now trading at $93.19.
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) posted its earnings results on Wednesday, November, 3rd. The insurance provider reported $1.70 earnings per share for the quarter, beating analysts' consensus estimates of $1.15 by $0.55. The insurance provider had revenue of $213.71 million for the quarter. Safety Insurance Group had a trailing twelve-month return on equity of 10.42% and a net margin of 8.87%.

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

Safety Insurance Group announced a quarterly dividend on Wednesday, August 3rd. Shareholders of record on Thursday, September 1st will be given a dividend of $0.90 per share on Thursday, September 15th. This represents a $3.60 annualized dividend and a dividend yield of 3.86%. 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 3.93%. 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."

Who are Safety Insurance Group's major shareholders?

Safety Insurance Group's stock is owned by a number of retail and institutional investors. Top institutional investors include Victory Capital Management Inc. (4.34%), Robeco Institutional Asset Management B.V. (1.87%), JPMorgan Chase & Co. (1.06%), TD Asset Management Inc. (0.96%), Royce & Associates LP (0.81%) and Principal Financial Group Inc. (0.59%). 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 $93.19.

How much money does Safety Insurance Group make?

Safety Insurance Group (NASDAQ:SAFT) has a market capitalization of $1.37 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.

When was Safety Insurance Group founded?

Safety Insurance Group was founded in 1979.

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 8/11/2022 by MarketBeat.com Staff

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