How have SAFT shares performed in 2024?

Safety Insurance Group's stock was trading at $75.99 at the beginning of 2024. Since then, SAFT stock has increased by 3.8% and is now trading at $78.87. View the best growth stocks for 2024 here .

When is Safety Insurance Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024. View our SAFT earnings forecast .

How were Safety Insurance Group's earnings last quarter?

Safety Insurance Group, Inc. (NASDAQ:SAFT) posted its quarterly earnings data on Tuesday, February, 27th. The insurance provider reported $0.30 earnings per share (EPS) for the quarter. The insurance provider earned $258.40 million during the quarter. Safety Insurance Group had a trailing twelve-month return on equity of 1.56% and a net margin of 2.03%.

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 Thursday, February 15th. Investors of record on Friday, March 1st will be paid a dividend of $0.90 per share on Friday, March 15th. This represents a $3.60 annualized dividend and a dividend yield of 4.56%. The ex-dividend date of this dividend is Thursday, February 29th. 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 4.51%. SAFT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 283.47%. Payout ratios above 75% are not desirable because they may not be sustainable. 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 JPMorgan Active Small Cap Value ETF (JPSV) , ETC 6 Meridian Small Cap Equity ETF (SIXS) , Vanguard U.S. Minimum Volatility ETF (VFMV) , Invesco S&P SmallCap Low Volatility ETF (XSLV) and SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV) . iShares U.S. Insurance ETF (IAK) .

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) .

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 shareholders include Allspring Global Investments Holdings LLC (0.10%) and CWM LLC (0.09%). Insiders that own company stock include Ann Marie Mckeown , Christopher Thomas Whitford , Corp Srb, Dennis J Langwell, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

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

NASDAQ:SAFT

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

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$78.87

+0.65 (+0.83%)

(As of 04/18/2024 ET)

Compare

Today's Range: $78.52
▼
$79.84
50-Day Range: $77.31
▼
$87.16
52-Week Range: $65.78
▼
$88.72

Volume: 47,322 shs
Average Volume: 56,926 shs
Market Capitalization: $1.17 billion

P/E Ratio: 62.10
Dividend Yield: 4.56%
Price Target: N/A

Get Safety Insurance Group alerts:

Safety Insurance Group MarketRank™ Stock Analysis

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
1.01% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: -1.18
Upright™ Environmental Score
News Sentiment: 0.76
Based on 2 Articles This Week
Insider Trading: Selling Shares
$71,415 Sold Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.21 out of 5 stars

Finance Sector

615th out of 822 stocks

Fire, Marine, & Casualty Insurance Industry

37th 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
1.01% 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 2.4, 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 11.43%, indicating that investor sentiment is improving significantly.

1.7

Dividend Strength

Dividend Leadership
Safety Insurance Group is a leading dividend payer. It pays a dividend yield of 4.51%, 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 283.47%. 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 -3.31% net impact score from Upright. Safety Insurance uses resources or causes negative impacts mostly in categories "Scarce human capital", "GHG emissions", and "Non-GHG emissions". 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 -1.18.

2.6

News and Social Media Coverage

News Sentiment
Safety Insurance Group has a news sentiment score of 0.76. 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 0.58 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Safety Insurance Group this week, compared to 1 article on an average week.

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 $71,415.00 in company stock.
Percentage Held by Insiders
Only 2.00% of the stock of Safety Insurance Group is held by insiders.
Percentage Held by Institutions
81.04% 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.

0.6

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Safety Insurance Group is 62.10, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 144.71.
Price to Earnings Ratio vs. Sector
The P/E ratio of Safety Insurance Group is 62.10, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 58.76.
Price to Book Value per Share Ratio
Safety Insurance Group has a P/B Ratio of 1.45. 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

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About Safety Insurance Group Stock (NASDAQ:SAFT)

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, which offers an excess liability product to clients, 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.

SAFT Stock Price History

30 days | 90 days | 365 days | Advanced Chart

SAFT Stock News Headlines

April 12, 2024 | americanbankingnews.com

Safety Insurance Group (NASDAQ:SAFT) Shares Cross Above 200-Day Moving Average of $78.01

March 28, 2024 | finance.yahoo.com

Safety Insurance Group, Inc.'s (NASDAQ:SAFT) Stock Financial Prospects Look Bleak: Should Shareholders Be Prepared For A Share Price Correction?

April 18, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

March 13, 2024 | msn.com

Initiative to improve insurance availability for buildings with fire safety risk

March 12, 2024 | finance.yahoo.com

SAFT Mar 2024 130.000 call

February 29, 2024 | finance.yahoo.com

Safety Insurance Group Full Year 2023 Earnings: EPS: US$1.29 (vs US$3.17 in FY 2022)

February 27, 2024 | finance.yahoo.com

Safety Insurance Group Inc (SAFT) Reports Mixed Results Amid Inflationary Pressures

February 27, 2024 | businesswire.com

Safety Insurance Group, Inc. Announces Fourth Quarter and Year Ended 2023 Results

April 18, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

February 24, 2024 | finance.yahoo.com

Why It Might Not Make Sense To Buy Safety Insurance Group, Inc. (NASDAQ:SAFT) For Its Upcoming Dividend

February 23, 2024 | finance.yahoo.com

Safety Insurance Group (NASDAQ:SAFT) Is Due To Pay A Dividend Of $0.90

February 23, 2024 | benzinga.com

Safety Insurance Group Stock (NASDAQ:SAFT), Quotes and News Summary

February 21, 2024 | msn.com

How to Find the Best the Life Insurance Policy

February 19, 2024 | investing.com

Safety Insurance Group sets quarterly dividend at $0.90 per share

February 16, 2024 | finance.yahoo.com

Safety Insurance Declares First Quarter 2024 Dividend and Timing of Year-End 2023 Results

February 16, 2024 | businesswire.com

Safety Insurance Declares First Quarter 2024 Dividend and Timing of Year-End 2023 Results

February 14, 2024 | wsj.com

Safety Insurance Group Inc.

February 9, 2024 | finance.yahoo.com

Safety Insurance Group, Inc. (SAFT)

February 3, 2024 | finance.yahoo.com

With 80% ownership of the shares, Safety Insurance Group, Inc. (NASDAQ:SAFT) is heavily dominated by institutional owners

November 29, 2023 | finance.yahoo.com

Shareholders in Safety Insurance Group (NASDAQ:SAFT) are in the red if they invested a year ago

November 18, 2023 | seekingalpha.com

Safety Insurance: A Question Of True Safety In Turbulent Insurance Markets

November 1, 2023 | finance.yahoo.com

Safety Insurance Group, Inc. Announces Third Quarter 2023 Results and Declares Fourth Quarter 2023 Dividend

November 1, 2023 | finance.yahoo.com

Safety Insurance Group Inc (SAFT) Reports Q3 2023 Earnings, Net Income Drops to $1.9 Million

September 25, 2023 | finance.yahoo.com

Weak Financial Prospects Seem To Be Dragging Down Safety Insurance Group, Inc. (NASDAQ:SAFT) Stock

August 29, 2023 | finance.yahoo.com

Safety Insurance Group's (NASDAQ:SAFT) Dividend Will Be $0.90

August 28, 2023 | benzinga.com

Tiptree Supports Customers through Tough Times, Supporting Shareholders through Changes

August 28, 2023 | finance.yahoo.com

Dividend Investors: Don't Be Too Quick To Buy Safety Insurance Group, Inc. (NASDAQ:SAFT) For Its Upcoming Dividend

See More Headlines

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Company Calendar

Last Earnings: 2/27/2024
Ex-Dividend for 3/15 Dividend: 2/29/2024
Dividend Payable: 3/15/2024
Today: 4/18/2024
Next Earnings (Estimated): 5/01/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Finance
Industry: Fire, marine, & casualty insurance
Sub-Industry: Property & Casualty Insurance
Current Symbol: NASDAQ:SAFT
CUSIP: 78648T10
CIK: 1172052
Web: www.safetyinsurance.com
Phone: (617) 951-0600
Fax: 617-603-4837
Employees: 539
Year Founded: 1979

Profitability

EPS (Most Recent Fiscal Year): $1.27
Trailing P/E Ratio: 62.10
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $18.88 million
Net Margins: 2.03%
Pretax Margin: 2.62%
Return on Equity: 1.56%
Return on Assets: 0.61%

Debt

Debt-to-Equity Ratio: 0.04
Current Ratio: 0.38
Quick Ratio: 0.38

Sales & Book Value

Annual Sales: $930.96 million
Price / Sales: 1.26
Cash Flow: $1.27 per share
Price / Cash Flow: 62.22
Book Value: $54.37 per share
Price / Book: 1.45

Miscellaneous

Outstanding Shares: 14,840,000
Free Float: 14,540,000
Market Cap: $1.17 billion
Optionable: Optionable
Beta: 0.19

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Key Executives

Mr. George Michael Murphy C.P.C.U. (Age 57)
President, CEO & Chairperson of the Board
Comp: $1.85M
Mr. Christopher Thomas Whitford CPA (Age 41)
VP, CFO & Secretary
Comp: $699.75k
Mr. James David Berry C.P.C.U. (Age 64)
Vice President of Underwriting
Comp: $840.01k
Mr. John Patrick Drago (Age 57)
Vice President of Marketing
Mr. Glenn Robert Hiltpold (Age 53)
Vice President of Actuarial Services

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

SAFT Stock Analysis - Frequently Asked Questions

How have SAFT shares performed in 2024?: Safety Insurance Group's stock was trading at $75.99 at the beginning of 2024. Since then, SAFT stock has increased by 3.8% and is now trading at $78.87.
View the best growth stocks for 2024 here.
When is Safety Insurance Group's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our SAFT earnings forecast.
How were Safety Insurance Group's earnings last quarter?: Safety Insurance Group, Inc. (NASDAQ:SAFT) posted its quarterly earnings data on Tuesday, February, 27th. The insurance provider reported $0.30 earnings per share (EPS) for the quarter. The insurance provider earned $258.40 million during the quarter. Safety Insurance Group had a trailing twelve-month return on equity of 1.56% and a net margin of 2.03%.
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 Thursday, February 15th. Investors of record on Friday, March 1st will be paid a dividend of $0.90 per share on Friday, March 15th. This represents a $3.60 annualized dividend and a dividend yield of 4.56%. The ex-dividend date of this dividend is Thursday, February 29th.
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 4.51%. SAFT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 283.47%. Payout ratios above 75% are not desirable because they may not be sustainable.
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 JPMorgan Active Small Cap Value ETF (JPSV), ETC 6 Meridian Small Cap Equity ETF (SIXS), Vanguard U.S. Minimum Volatility ETF (VFMV), Invesco S&P SmallCap Low Volatility ETF (XSLV) and SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV).iShares U.S. Insurance ETF (IAK).

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).
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 shareholders include Allspring Global Investments Holdings LLC (0.10%) and CWM LLC (0.09%). Insiders that own company stock include Ann Marie Mckeown, Christopher Thomas Whitford, Corp Srb, Dennis J Langwell, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.
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

This page (NASDAQ:SAFT) was last updated on 4/18/2024 by MarketBeat.com Staff

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

Safety Insurance Group MarketRank™ Stock Analysis

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

Company Ownership

Earnings and Valuation

About Safety Insurance Group Stock (NASDAQ:SAFT)

SAFT Stock Price History

SAFT Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

SAFT Stock Analysis - Frequently Asked Questions

Overall MarketRank^™