Safety Insurance Group, Inc. (NASDAQ:SAFT)

Safety Insurance Group, Inc. SAFT

Financial Services - Insurance - Property & Casualty - NASDAQ - US

Watchlist

$ 84.86

-0.188 %

$ 1.26 B

Market Cap

16.9

P/E

1. INTRINSIC VALUE

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.[ Read More ]

The intrinsic value of one SAFT stock under the base case scenario is HIDDEN Compared to the current market price of 84.9 USD, Safety Insurance Group, Inc. is HIDDEN

SAFT Intrinsic Value
HIDDEN

SHOW

2. FUNDAMENTAL ANALYSIS

Price Chart SAFT

FINANCIALS

Annual
Quarterly

931 M REVENUE

Growth Rates

1Year 18.58%

3Years 3.47%

5Years 2.33%

7Years 1.89%

10Years 2.25%

-5.54 M OPERATING INCOME

Growth Rates

1Year -9.19%

3Years -1.05%

5Years -1.04%

7Years -0.83%

10Years -0.61%

18.9 M NET INCOME

Growth Rates

1Year -59.46%

3Years -48.50%

5Years -25.67%

7Years -16.12%

10Years -11.12%

52.1 M OPERATING CASH FLOW

Growth Rates

1Year 17.57%

3Years -21.92%

5Years -16.41%

7Years -8.74%

10Years -7.27%

24.3 M INVESTING CASH FLOW

Growth Rates

1Year 221.42%

3Years 38.96%

5Years 18.05%

7Years 12.55%

10Years 9.48%

-63.5 M FINANCING CASH FLOW

Growth Rates

1Year -1.42%

3Years 0.54%

5Years -5.41%

7Years -6.09%

10Years -4.98%

298 M REVENUE

Growth Rates

1Year 18.58%

3Years 3.47%

5Years 2.33%

7Years 1.89%

10Years 2.25%

26.9 M OPERATING INCOME

Growth Rates

1Year -9.19%

3Years -1.05%

5Years -1.04%

7Years -0.83%

10Years -0.61%

26 M NET INCOME

Growth Rates

1Year -59.46%

3Years -48.50%

5Years -25.67%

7Years -16.12%

10Years -11.12%

73.8 M OPERATING CASH FLOW

Growth Rates

1Year 17.57%

3Years -21.92%

5Years -16.41%

7Years -8.74%

10Years -7.27%

-42.6 M INVESTING CASH FLOW

Growth Rates

1Year 221.42%

3Years 38.96%

5Years 18.05%

7Years 12.55%

10Years 9.48%

-13.2 M FINANCING CASH FLOW

Growth Rates

1Year -1.42%

3Years 0.54%

5Years -5.41%

7Years -6.09%

10Years -4.98%

Balance Sheet Decomposition Safety Insurance Group, Inc.

1.97 B ASSETS
1.16 B LIABILITIES

Current Assets	369 M
Cash & Short-Term Investments	38.2 M
Receivables	0
Other Current Assets	331 M
Non-Current Assets	1.6 B
Long-Term Investments	1.56 B
PP&E	31.5 M
Other Non-Current Assets	6.4 M

Current Liabilities	500 M
Accounts Payable	80.2 M
Short-Term Debt	4.6 M
Other Current Liabilities	415 M
Non-Current Liabilities	661 M
Long-Term Debt	45.2 M
Other Non-Current Liabilities	616 M

EFFICIENCY

Earnings Waterfall Safety Insurance Group, Inc.

Revenue	931 M
Cost Of Revenue	0
Gross Profit	931 M
Operating Expenses	926 M
Operating Income	-5.54 M
Other Expenses	-24.4 M
Net Income	18.9 M

RATIOS

100.00% GROSS MARGIN

Averages

1Year 100.00%

3Years 100.00%

5Years 100.00%

7Years 100.00%

10Years 100.00%

-0.60% OPERATING MARGIN

Averages

1Year -0.60%

3Years 8.69%

5Years 12.20%

7Years 11.99%

10Years 10.25%

2.03% NET MARGIN

Averages

1Year 2.03%

3Years 7.69%

5Years 10.18%

7Years 9.77%

10Years 8.22%

2.35% ROE

Averages

1Year 2.35%

3Years 7.39%

5Years 10.02%

7Years 10.09%

10Years 8.65%

0.96% ROA

Averages

1Year 0.96%

3Years 3.16%

5Years 4.23%

7Years 4.15%

10Years 3.55%

-0.51% ROIC

Averages

1Year -0.51%

3Years 6.24%

5Years 9.13%

7Years 9.45%

10Years 8.20%

FREE CASH FLOW ANALYSIS

Free Cash Flow Analysis Safety Insurance Group, Inc.

Net Income	18.9 M
Depreciation & Amortization	8.66 M
Capital Expenditures	-1.78 M
Stock-Based Compensation	4.33 M
Change in Working Capital	33.5 M
Others	-17.4 M
Free Cash Flow	50.3 M

3. WALL STREET ANALYSTS ESTIMATES

Wall Street Analysts Price Targets Safety Insurance Group, Inc.

SAFT has no price targets from Wall Street.

4. DIVIDEND ANALYSIS

1.10% DIVIDEND YIELD

0.9 USD DIVIDEND PER SHARE

5. COMPETITION

Selective Insurance Group, Inc., together with its subsidiaries, provides insurance products and services in the United States. It operates through four segments: Standard Commercial Lines, Standard Personal Lines, E&S Lines, and Investments.

-4.12 USD

SIGI

Overvalued 104.16%

Kemper Corporation, a diversified insurance holding company, provides property and casualty, and life and health insurance in the United States. The company operates through three segments: Specialty Property & Casualty Insurance, Preferred Property & Casualty Insurance, and Life & Health Insurance.

15.7 USD

KMPR

Overvalued 77.95%

Donegal Group Inc., an insurance holding company, provides personal and commercial lines of property and casualty insurance to businesses and individuals.

-0.308 USD

DGICB

Overvalued 102.18%

Argo Group International Holdings, Ltd. underwrites specialty insurance and reinsurance products in the property and casualty markets. The company operates in two segments, U.S. Operations and International Operations.

66.7 USD

ARGO-PA

Undervalued 166.61%

Global Indemnity Group, LLC, through its subsidiaries, provides specialty property and casualty insurance and reinsurance products worldwide. It operates through Commercial Specialty; Farm, Ranch, & Stable; and Reinsurance Operations segments.

48.4 USD

GBLI

Undervalued 38.25%

Horace Mann Educators Corporation, together with its subsidiaries, operates as an insurance holding company in the United States. It operates in three segments: Property & Casualty, Life & Retirement, and Supplemental & Group Benefits.

77.1 USD

HMN

Undervalued 86.65%

RLI Corp., an insurance holding company, underwrites property and casualty insurance in the United States and internationally. Its Casualty segment provides commercial and personal coverage products; and general liability products, such as coverage for third-party liability of commercial insureds, including manufacturers, contractors, apartments, and mercantile.

341 USD

RLI

Undervalued 94.87%

Stewart Information Services Corporation, through its subsidiaries, provides title insurance and real estate transaction related services. The company operates in two segments, Title, and Ancillary Services and Corporate.

105 USD

STC

Undervalued 42.61%

NI Holdings, Inc. underwrites property and casualty insurance products in the United States. The company's products include private passenger auto, non-standard automobile, homeowners, farm owners, crop hail and multi-peril crop, and liability insurance policies.

38.8 USD

NODK

Undervalued 146.63%

Donegal Group Inc., an insurance holding company, provides personal and commercial lines of property and casualty insurance to businesses and individuals.

6. Ownership

Insider Ownership Safety Insurance Group, Inc.

Summary
Transactions

Sold

0-3 MONTHS

51.2 K USD 2

3-6 MONTHS

49.8 K USD 2

6-9 MONTHS

71.4 K USD 1

9-12 MONTHS

22.3 K USD 1

Bought

0 USD 0

0-3 MONTHS

78.8 K USD 1

3-6 MONTHS

0 USD 0

6-9 MONTHS

0 USD 0

9-12 MONTHS

Date	Value	Insider	Amount	Avg Price
1 month ago Sep 25, 2024	Sell 18.4 K USD	Lam Brian Siu-Gae VP of Insurance Operations	- 226	81.46 USD
2 months ago Sep 06, 2024	Sell 32.8 K USD	Hiltpold Glenn VP OF ACTUARIAL SERVICES	- 389	84.41 USD
3 months ago Aug 13, 2024	Bought 78.8 K USD	Brophy Charles Joseph III Director	+ 1000	78.8 USD
3 months ago Aug 14, 2024	Sell 23.9 K USD	Whitford Christopher Thomas VP, CFO AND SECRETARY	- 300	79.6 USD
5 months ago Jun 12, 2024	Sell 25.9 K USD	Hiltpold Glenn VP OF ACTUARIAL SERVICES	- 338	76.75 USD
8 months ago Mar 06, 2024	Sell 71.4 K USD	Varga Stephen Albert VP - MIS	- 900	79.35 USD
11 months ago Dec 08, 2023	Sell 22.3 K USD	Hiltpold Glenn VP OF ACTUARIAL SERVICES	- 283	78.88 USD
1 year ago Aug 21, 2023	Bought 68.9 K USD	Langwell Dennis J. Director	+ 1000	68.8955 USD
1 year ago Aug 08, 2023	Sell 9.14 K USD	Hiltpold Glenn VP OF ACTUARIAL SERVICES	- 125	73.08 USD
1 year ago Jul 19, 2023	Bought 2.18 M USD	SRB CORP 10 percent owner	+ 32384	67.2432 USD
1 year ago Jun 14, 2023	Bought 1.06 M USD	SRB CORP 10 percent owner	+ 14338	73.787 USD
1 year ago Jun 06, 2023	Bought 725 K USD	SRB CORP 10 percent owner	+ 9820	73.863 USD
1 year ago Jun 05, 2023	Bought 1.87 M USD	SRB CORP 10 percent owner	+ 25400	73.72 USD
1 year ago Jun 02, 2023	Bought 103 K USD	SRB CORP 10 percent owner	+ 1397	73.98 USD
1 year ago Jun 01, 2023	Bought 495 K USD	SRB CORP 10 percent owner	+ 6800	72.777 USD
1 year ago May 31, 2023	Bought 1.45 M USD	SRB CORP 10 percent owner	+ 19594	73.862 USD
1 year ago May 31, 2023	Bought 818 K USD	SRB CORP 10 percent owner	+ 11201	73.027 USD
1 year ago May 30, 2023	Bought 397 K USD	SRB CORP 10 percent owner	+ 5419	73.226 USD
1 year ago May 30, 2023	Bought 51.6 K USD	SRB CORP 10 percent owner	+ 716	72 USD
1 year ago May 26, 2023	Bought 96.9 K USD	SRB CORP 10 percent owner	+ 1348	71.866 USD
1 year ago May 25, 2023	Bought 255 K USD	SRB CORP 10 percent owner	+ 3545	71.871 USD
1 year ago May 24, 2023	Bought 1.93 M USD	SRB CORP 10 percent owner	+ 26651	72.335 USD
1 year ago May 23, 2023	Bought 7.3 K USD	SRB CORP 10 percent owner	+ 100	73 USD
1 year ago May 22, 2023	Bought 640 K USD	SRB CORP 10 percent owner	+ 8789	72.796 USD
1 year ago May 23, 2023	Sell 40.4 K USD	MANNING PETER J Director	- 550	73.43 USD
1 year ago Mar 03, 2023	Sell 123 K USD	Berry James VP - UNDERWRITING	- 1543	79.47 USD
1 year ago Mar 03, 2023	Sell 4.97 K USD	Berry James VP - UNDERWRITING	- 62	80.17 USD
1 year ago Feb 27, 2023	Sell 26.7 K USD	Berry James VP - UNDERWRITING	- 328	81.3 USD
1 year ago Mar 01, 2023	Sell 35 K USD	Berry James VP - UNDERWRITING	- 438	80 USD
1 year ago Feb 27, 2023	Sell 13.8 K USD	Varga Stephen Albert VP - MIS	- 170	81.3 USD
1 year ago Mar 01, 2023	Sell 15.9 K USD	Varga Stephen Albert VP - MIS	- 199	80 USD
1 year ago Feb 27, 2023	Sell 4.39 K USD	Whitford Christopher Thomas VP, CFO AND SECRETARY	- 54	81.3 USD
1 year ago Mar 01, 2023	Sell 4.8 K USD	Whitford Christopher Thomas VP, CFO AND SECRETARY	- 60	80 USD
1 year ago Feb 24, 2023	Sell 4.53 K USD	Varga Stephen Albert VP - MIS	- 57	79.44 USD
1 year ago Feb 24, 2023	Sell 21.9 K USD	Varga Stephen Albert VP - MIS	- 271	80.86 USD
1 year ago Feb 24, 2023	Sell 44.9 K USD	Varga Stephen Albert VP - MIS	- 550	81.56 USD
1 year ago Feb 23, 2023	Sell 17.5 K USD	Whitford Christopher Thomas VP, CFO AND SECRETARY	- 219	80.01 USD
1 year ago Feb 24, 2023	Sell 5.89 K USD	Whitford Christopher Thomas VP, CFO AND SECRETARY	- 74	79.54 USD
1 year ago Feb 24, 2023	Sell 24.3 K USD	Berry James VP - UNDERWRITING	- 306	79.51 USD
2 years ago Aug 12, 2022	Sell 35.8 K USD	Hiltpold Glenn director: VP OF ACTUARIAL SERVICES	- 383	93.36 USD
2 years ago Jun 02, 2022	Sell 182 K USD	MANNING PETER J director:	- 2000	90.93 USD
2 years ago Mar 04, 2022	Sell 254 K USD	Lindeberg Frederic H director:	- 3000	84.5 USD
2 years ago Feb 28, 2022	Sell 62.7 K USD	Berry James VP - Underwriting	- 756	82.98 USD
2 years ago Feb 28, 2022	Sell 27.5 K USD	Varga Stephen Albert VP - MIS	- 331	82.98 USD
2 years ago Feb 28, 2022	Sell 6.14 K USD	Whitford Christopher Thomas VP, CFO and Secretary	- 74	82.98 USD
2 years ago Feb 24, 2022	Sell 27.4 K USD	Varga Stephen Albert VP - MIS	- 339	80.9 USD
2 years ago Feb 24, 2022	Sell 11.7 K USD	Varga Stephen Albert VP - MIS	- 143	81.75 USD
2 years ago Feb 24, 2022	Sell 12.5 K USD	Varga Stephen Albert VP - MIS	- 151	83.1 USD
2 years ago Feb 24, 2022	Sell 3.01 K USD	Varga Stephen Albert VP - MIS	- 36	83.71 USD
2 years ago Feb 25, 2022	Sell 14.2 K USD	Varga Stephen Albert VP - MIS	- 170	83.37 USD
2 years ago Feb 24, 2022	Sell 67.5 K USD	Berry James VP - Underwriting	- 835	80.87 USD
2 years ago Feb 24, 2022	Sell 27.1 K USD	Berry James VP - Underwriting	- 331	81.85 USD
2 years ago Feb 24, 2022	Sell 33.6 K USD	Berry James VP - Underwriting	- 404	83.18 USD
2 years ago Feb 25, 2022	Sell 27.3 K USD	Berry James VP - Underwriting	- 328	83.37 USD
2 years ago Feb 24, 2022	Sell 7.8 K USD	Whitford Christopher Thomas VP, CFO and Secretary	- 100	78 USD
2 years ago Feb 25, 2022	Sell 5.25 K USD	Whitford Christopher Thomas VP, CFO and Secretary	- 63	83.37 USD
2 years ago Feb 23, 2022	Sell 772 USD	Whitford Christopher Thomas VP, CFO and Secretary	- 9	85.74 USD
3 years ago Sep 30, 2021	Sell 16 K USD	Whitford Christopher Thomas VP, CFO and Secretary	- 200	79.795 USD
3 years ago Sep 22, 2021	Sell 268 K USD	McKeown Ann Marie V.P Insurance Operations	- 3390	79.01 USD
3 years ago Jun 07, 2021	Sell 83.8 K USD	MANNING PETER J Director	- 1000	83.78 USD
3 years ago Jun 07, 2021	Sell 166 K USD	MANNING PETER J Director	- 2000	82.82 USD
3 years ago Mar 15, 2021	Bought 2.28 K USD	Hiltpold Glenn VP of Actuarial Services	+ 27	84.3816 USD
3 years ago Feb 26, 2021	Sell 141 K USD	Berry James VP - Underwriting	- 1771	79.642 USD
3 years ago Feb 26, 2021	Sell 13.3 K USD	Berry James VP - Underwriting	- 165	80.375 USD
3 years ago Feb 26, 2021	Sell 69.8 K USD	Berry James VP - Underwriting	- 858	81.33 USD
3 years ago Feb 26, 2021	Sell 4.52 K USD	Berry James VP - Underwriting	- 55	82.11 USD
3 years ago Mar 01, 2021	Sell 79 K USD	Berry James VP - Underwriting	- 980	80.657 USD
3 years ago Mar 01, 2021	Sell 16 K USD	Berry James VP - Underwriting	- 197	81.124 USD
3 years ago Feb 26, 2021	Sell 53.6 K USD	Varga Stephen Albert VP - MIS	- 673	79.57 USD
3 years ago Feb 26, 2021	Sell 5.77 K USD	Varga Stephen Albert VP - MIS	- 72	80.18 USD
3 years ago Feb 26, 2021	Sell 32.2 K USD	Varga Stephen Albert VP - MIS	- 396	81.282 USD
3 years ago Mar 01, 2021	Sell 36.1 K USD	Varga Stephen Albert VP - MIS	- 448	80.668 USD
3 years ago Mar 01, 2021	Sell 4.22 K USD	Varga Stephen Albert VP - MIS	- 52	81.128 USD
3 years ago Feb 26, 2021	Sell 14.7 K USD	Whitford Christopher Thomas VP, CFO and Secretary	- 179	82.33 USD
3 years ago Mar 01, 2021	Sell 8.07 K USD	Whitford Christopher Thomas VP, CFO and Secretary	- 100	80.746 USD
3 years ago Feb 23, 2021	Sell 703 USD	Whitford Christopher Thomas VP, CFO and Secretary	- 9	78.09 USD
3 years ago Feb 24, 2021	Sell 891 USD	Whitford Christopher Thomas VP, CFO and Secretary	- 11	80.99 USD
3 years ago Nov 25, 2020	Bought 149 K USD	Lindeberg Frederic H Director	+ 2000	74.44 USD
3 years ago Nov 24, 2020	Bought 59.7 K USD	Lindeberg Frederic H Director	+ 800	74.65 USD
4 years ago Nov 04, 2020	Bought 45.5 K USD	SRB Corp 10 percent owner	+ 650	69.966 USD
4 years ago Oct 30, 2020	Bought 3.03 M USD	SRB Corp 10 percent owner	+ 43378	69.9136 USD
4 years ago Oct 29, 2020	Bought 1 M USD	SRB Corp 10 percent owner	+ 14319	69.9408 USD
4 years ago Oct 28, 2020	Bought 1.27 M USD	SRB Corp 10 percent owner	+ 18594	68.2511 USD
4 years ago Oct 27, 2020	Bought 1.08 M USD	SRB Corp 10 percent owner	+ 15646	68.9688 USD
4 years ago Oct 20, 2020	Bought 6.8 K USD	SRB Corp 10 percent owner	+ 100	68 USD
4 years ago Sep 25, 2020	Bought 136 K USD	Lindeberg Frederic H Director	+ 2000	67.93 USD
4 years ago Sep 11, 2020	Bought 70.2 K USD	Lindeberg Frederic H Director	+ 1000	70.18 USD
4 years ago Sep 01, 2020	Bought 71.6 K USD	Lindeberg Frederic H Director	+ 1000	71.58 USD
4 years ago Mar 27, 2020	Bought 76.2 K USD	Lindeberg Frederic H Director	+ 1000	76.15 USD
4 years ago Mar 23, 2020	Bought 57.6 K USD	SRB Corp 10 percent owner	+ 862	66.82 USD
4 years ago Mar 20, 2020	Bought 1.25 M USD	SRB Corp 10 percent owner	+ 17590	71.32 USD
4 years ago Mar 18, 2020	Bought 1.26 M USD	SRB Corp 10 percent owner	+ 17110	73.75 USD
4 years ago Mar 02, 2020	Sell 152 K USD	Berry James VP - Underwriting	- 1875	80.999 USD
4 years ago Mar 02, 2020	Sell 109 K USD	Berry James VP - Underwriting	- 1332	81.619 USD
4 years ago Mar 02, 2020	Sell 32.3 K USD	Berry James VP - Underwriting	- 392	82.513 USD
4 years ago Nov 25, 2019	Sell 88.4 K USD	Varga Stephen Albert VP - MIS	- 900	98.25 USD
5 years ago Mar 22, 2019	Sell 17.6 K USD	KRUPA DAVID E VP - Claims Operations	- 200	88 USD
5 years ago Mar 25, 2019	Sell 294 K USD	KRUPA DAVID E VP - Claims Operations	- 3388	86.846 USD
5 years ago Mar 20, 2019	Sell 87.8 K USD	MANNING PETER J Director	- 1000	87.81 USD
6 years ago Sep 07, 2018	Sell 503 K USD	Berry James VP - Underwriting	- 5130	98.02 USD
6 years ago Sep 10, 2018	Sell 119 K USD	MCKOWN DAVID D Director	- 1235	96.5321 USD
6 years ago Sep 06, 2018	Sell 372 K USD	MCKOWN DAVID D Director	- 3765	98.6747 USD
6 years ago Aug 07, 2018	Sell 92.4 K USD	Lindeberg Frederic H Director	- 1000	92.45 USD
6 years ago Jun 06, 2018	Sell 177 K USD	Lindeberg Frederic H Director	- 2000	88.36 USD
6 years ago May 11, 2018	Sell 166 K USD	Lindeberg Frederic H Director	- 2000	83.17 USD
6 years ago Dec 28, 2017	Sell 562 K USD	KRUPA DAVID E VP - Claims Operations	- 7000	80.3 USD
6 years ago Dec 28, 2017	Sell 0 USD	KRUPA DAVID E VP - Claims Operations	- 0	0 USD
6 years ago Dec 21, 2017	Sell 36.1 K USD	BRUSSARD DAVID F Director	- 451	80.01 USD
6 years ago Dec 14, 2017	Sell 120 K USD	BRUSSARD DAVID F Director	- 1505	80.01 USD
6 years ago Dec 15, 2017	Sell 217 K USD	BRUSSARD DAVID F Director	- 2654	81.72 USD
6 years ago Dec 18, 2017	Sell 713 K USD	BRUSSARD DAVID F Director	- 8741	81.52 USD
6 years ago Dec 18, 2017	Sell 57.9 K USD	BRUSSARD DAVID F Director	- 701	82.64 USD
6 years ago Dec 19, 2017	Sell 75.9 K USD	BRUSSARD DAVID F Director	- 948	80.11 USD
6 years ago Nov 28, 2017	Sell 83.2 K USD	Lindeberg Frederic H Director	- 1000	83.16 USD
7 years ago Nov 14, 2017	Sell 165 K USD	Lindeberg Frederic H Director	- 2000	82.35 USD
7 years ago Mar 31, 2017	Sell 51.6 K USD	KRUPA DAVID E VP - Claims Operations	- 745	69.3 USD
7 years ago Mar 17, 2017	Sell 106 K USD	KRUPA DAVID E VP - Claims Operations	- 1492	71.3 USD
7 years ago Mar 02, 2017	Sell 36 K USD	MANNING PETER J Director	- 500	71.93 USD
7 years ago Mar 02, 2017	Sell 72.1 K USD	MANNING PETER J Director	- 1000	72.11 USD

7. News

Safety Insurance Group, Inc. Announces Third Quarter 2024 Results and Declares Fourth Quarter 2024 Dividend BOSTON--(BUSINESS WIRE)--Safety Insurance Group, Inc. (NASDAQ:SAFT) (“Safety” or the “Company”) today reported third quarter 2024 results. George M. Murphy, Chairman of the Board of Directors, President and Chief Executive Officer, commented: “The direct written premium growth that Safety has experienced is impacting our top-line revenue, which increased by 21.9% for the nine months ended September 30, 2024 over the prior year. We continue to see increased policy counts and premium rate actions. businesswire.com - 1 week ago

Safety Insurance Group, Inc. (NASDAQ:SAFT) Position Lessened by Amalgamated Bank Amalgamated Bank lowered its stake in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT – Free Report) by 2.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,572 shares of the insurance provider’s stock after selling 149 shares during the quarter. Amalgamated Bank’s holdings in Safety Insurance Group were worth $423,000 at the end of the most recent reporting period. Several other large investors have also recently added to or reduced their stakes in the stock. Victory Capital Management Inc. grew its position in shares of Safety Insurance Group by 2.7% during the third quarter. Victory Capital Management Inc. now owns 1,155,367 shares of the insurance provider’s stock worth $78,784,000 after acquiring an additional 29,996 shares during the last quarter. GSA Capital Partners LLP grew its position in Safety Insurance Group by 298.0% in the 3rd quarter. GSA Capital Partners LLP now owns 32,401 shares of the insurance provider’s stock worth $2,209,000 after purchasing an additional 24,260 shares during the last quarter. Assenagon Asset Management S.A. grew its position in Safety Insurance Group by 98.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 39,245 shares of the insurance provider’s stock worth $2,676,000 after purchasing an additional 19,467 shares during the last quarter. International Assets Investment Management LLC increased its stake in shares of Safety Insurance Group by 7,499.0% in the fourth quarter. International Assets Investment Management LLC now owns 15,198 shares of the insurance provider’s stock valued at $1,155,000 after purchasing an additional 14,998 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Safety Insurance Group by 6.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 206,693 shares of the insurance provider’s stock valued at $14,094,000 after buying an additional 13,430 shares during the last quarter. 81.04% of the stock is owned by institutional investors and hedge funds. Wall Street Analysts Forecast Growth Several analysts recently commented on SAFT shares. TheStreet upgraded Safety Insurance Group from a “c+” rating to a “b” rating in a research report on Tuesday, February 27th. StockNews.com raised Safety Insurance Group from a “hold” rating to a “buy” rating in a report on Friday, May 10th. Read Our Latest Research Report on SAFT Insider Activity at Safety Insurance Group In other Safety Insurance Group news, VP Stephen Albert Varga sold 900 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $79.35, for a total value of $71,415.00. Following the completion of the sale, the vice president now directly owns 28,465 shares of the company’s stock, valued at approximately $2,258,697.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.00% of the company’s stock. Safety Insurance Group Trading Down 0.9 % Shares of NASDAQ:SAFT opened at $80.26 on Monday. The company has a 50 day moving average of $80.38 and a 200-day moving average of $79.71. The firm has a market cap of $1.19 billion, a P/E ratio of 23.13 and a beta of 0.19. Safety Insurance Group, Inc. has a twelve month low of $65.78 and a twelve month high of $88.72. Safety Insurance Group (NASDAQ:SAFT – Get Free Report) last released its earnings results on Tuesday, February 27th. The insurance provider reported $0.30 earnings per share for the quarter. The firm had revenue of $258.40 million during the quarter. Safety Insurance Group had a return on equity of 4.90% and a net margin of 5.20%. Safety Insurance Group Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Monday, June 3rd will be issued a $0.90 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $3.60 annualized dividend and a dividend yield of 4.49%. Safety Insurance Group’s dividend payout ratio (DPR) is 103.75%. About Safety Insurance Group (Free Report) 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. https://www.defenseworld.net - 5 months ago

Safety Insurance Group, Inc. Announces Fourth Quarter and Year Ended 2023 Results BOSTON--(BUSINESS WIRE)--Safety Insurance Group, Inc. (NASDAQ:SAFT) (“Safety” or the “Company”) today reported fourth quarter and year ended 2023 results. George M. Murphy, Chairman of the Board of Directors, President and Chief Executive Officer, commented: “2023 saw Safety Insurance post record top-line growth as Direct Written Premiums increased by 20.4% as a result of a 10.2% increase in overall policy counts and a 10.9% increase in average premium per policy, blended across all lines of bu. businesswire.com - 8 months ago

Safety Insurance Declares First Quarter 2024 Dividend and Timing of Year-End 2023 Results BOSTON--(BUSINESS WIRE)--The Board of Directors of Safety Insurance Group, Inc. (NASDAQ:SAFT) today approved a $0.90 per share quarterly cash dividend on its issued and outstanding common stock payable on March 15, 2024 to shareholders of record at the close of business on March 1, 2024. Safety plans to announce its fourth quarter and year-end 2023 results on February 27, 2024, with its Annual Report on Form 10-K to be filed with the U.S. Securities and Exchange Commission no later than Februar. businesswire.com - 9 months ago

Stability Seekers: 7 Low-Volatility Stocks for Uncertain Times At first blush, focusing on low-volatility stocks may appear an overly pessimistic strategy. After all, the benchmark S&P 500 gained almost 8% in the trailing month. investorplace.com - 11 months ago

Safety Insurance: A Question Of True Safety In Turbulent Insurance Markets In the past, Safety Insurance was considered a superior insurer compared to Mercury. However, Mercury has demonstrated encouraging signs of profitability recovery. Safety Insurance reported worsened insurance margins and a decline in underwriting margin due to claims inflation and weather events. Both Mercury General and Safety Insurance are facing operational challenges, making them less attractive for investment compared to other profitable insurers like Travelers and Chubb. seekingalpha.com - 11 months ago

How To 4X Your Income & Beat Back Volatility Today we'll discuss five of the steadiest dividend stocks on the planet. And let's not confuse stability with penny pinching—these cash cows yield up to 11%! forbes.com - 1 year ago

Safety Insurance Group, Inc. Announces Second Quarter 2023 Results and Declares Third Quarter 2023 Dividend BOSTON--(BUSINESS WIRE)--Safety Insurance Group, Inc. (NASDAQ:SAFT) (“Safety” or the “Company”) today reported second quarter 2023 results. George M. Murphy, President and Chief Executive Officer, commented: “Safety's combined ratio of 101.9% for the second quarter is driven mainly by continued inflationary impacts on our private passenger auto line of business. We continue to file rate increases to combat these ongoing industry wide loss trends. For the six months ended June 30, 2023, our poli. businesswire.com - 1 year ago

Safety Insurance Group: A Healthier Mercury Group? Safety Insurance Group outperforms Mercury General in terms of underwriting performance and market performance. Safety Insurance has maintained a stable dividend and has a healthier financial position compared to Mercury General. Despite its better performance, Safety Insurance is fairly-valued and may not be the best investment choice compared to other insurance companies like Allstate, Chubb, or Progressive. seekingalpha.com - 1 year ago

Using MarketBeat Market Data Tools To Find Strong Stocks in a Bear Market A bear market occurs when the underlying stock or index falls at least 20% from its highs for more than 60-days. Find stocks using MarketBeat tools. marketbeat.com - 2 years ago

5 Market-Beating Yields Defying This Downturn In the current environment, with more downside likely to come, one of the best things you and I can do is nothing. forbes.com - 2 years ago

Safety Insurance Announces Conference Call Information Change for 2022 Annual Meeting of Shareholders BOSTON--(BUSINESS WIRE)--Safety Insurance Group, Inc. (NASDAQ: SAFT) today announced a change for its 2022 Annual Meeting of Shareholders scheduled for Wednesday, June 1, 2022, at 10:00 a.m. to update a teleconference number for shareholders to dial-in remotely. Shareholders will be able to listen to a live teleconference of the meeting by dialing in at (866) 705-2554. The participation code for the meeting is 410073. The process for voting shares at the 2022 Annual Meeting of Shareholders rema businesswire.com - 2 years ago

8. Profile Summary

Safety Insurance Group, Inc. SAFT

COUNTRY US

INDUSTRY Insurance - Property & Casualty

MARKET CAP $ 1.26 B

Dividend Yield 1.10%

Description 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.

Contact 20 Custom House Street, Boston, MA, 02110 https://www.safetyinsurance.com

IPO Date Nov. 22, 2002

Employees 539

Officers Ms. Mary Frances McConnell Vice President of Underwriting Mr. George Michael Murphy C.P.C.U. President, Chief Executive Officer & Chairperson of the Board Mr. Christopher Thomas Whitford CPA Vice President, Chief Financial Officer & Secretary Mr. Glenn Robert Hiltpold Vice President of Actuarial Services Mr. John Patrick Drago Vice President of Marketing Mr. Brian Siu-Gae Lam Vice President of Insurance Operations

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Safety Insurance Group, Inc. SAFT

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