Safety Insurance Group - SAFT Stock Forecast, Price & News

Safety Insurance Group's stock was trading at $84.26 at the beginning of the year. Since then, SAFT stock has decreased by 12.5% and is now trading at $73.71.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
View our SAFT earnings forecast.

Safety Insurance Group, Inc. (NASDAQ:SAFT) issued its quarterly earnings data on Wednesday, November, 3rd. The insurance provider reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.55. The insurance provider had revenue of $213.71 million for the quarter. Safety Insurance Group had a net margin of 5.84% and a trailing twelve-month return on equity of 9.08%.

Safety Insurance Group announced a quarterly dividend on Thursday, February 16th. Shareholders of record on Wednesday, March 1st will be paid a dividend of $0.90 per share on Wednesday, March 15th. This represents a $3.60 annualized dividend and a dividend yield of 4.88%. The ex-dividend date of this dividend is Tuesday, February 28th.
Read our dividend analysis for SAFT.

ETFs with the largest weight of Safety Insurance Group (NASDAQ:SAFT) stock in their portfolio include 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), iShares US Small Cap Value Factor ETF (SVAL) and Timothy Plan US Small Cap Core ETF (TPSC).

Safety Insurance Group (NASDAQ:SAFT) pays an annual dividend of $3.60 per share and currently has a dividend yield of 4.88%. SAFT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 114.29%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for SAFT.

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.

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).

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

Safety Insurance Group's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Victory Capital Management Inc. (5.86%), Victory Capital Management Inc. (5.84%), Victory Capital Management Inc. (5.73%), Dimensional Fund Advisors LP (4.81%), Charles Schwab Investment Management Inc. (2.80%) and Robeco Institutional Asset Management B.V. (1.93%). 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.
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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.
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One share of SAFT stock can currently be purchased for approximately $73.71.

Safety Insurance Group (NASDAQ:SAFT) has a market capitalization of $1.09 billion and generates $797.56 million in revenue each year. The insurance provider earns $46.56 million in net income (profit) each year or $3.15 on an earnings per share basis.

The company employs 552 workers across the globe.

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.