Safety Insurance Group, Inc. (NASDAQ:SAFT – Free Report) – Research analysts at DOWLING & PARTN issued their FY2028 earnings estimates for shares of Safety Insurance Group in a report issued on Tuesday, September 29th. DOWLING & PARTN analyst D. Lukpanov anticipates that the insurance provider will post earnings per share of $7.50 for the year. The consensus estimate for Safety Insurance Group’s current full-year earnings is $4.75 per share.
A number of other equities research analysts also recently commented on SAFT. Wall Street Zen upgraded Safety Insurance Group from a “sell” rating to a “hold” rating in a research report on Saturday, June 6th. Weiss Ratings upgraded Safety Insurance Group from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, September 17th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.
Safety Insurance Group Trading Down 0.0%
Shares of Safety Insurance Group stock opened at $103.58 on Thursday. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of 22.32 and a beta of 0.16. Safety Insurance Group has a fifty-two week low of $67.04 and a fifty-two week high of $103.88. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.41 and a current ratio of 0.41. The stock has a 50 day moving average of $102.82 and a 200 day moving average of $83.69.
Safety Insurance Group (NASDAQ:SAFT – Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The insurance provider reported $2.03 EPS for the quarter, beating the consensus estimate of $2.00 by $0.03. Safety Insurance Group had a net margin of 5.33% and a return on equity of 7.23%. The firm had revenue of $325.68 million for the quarter, compared to analyst estimates of $325.68 million.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the company. Susquehanna Fundamental Investments LLC boosted its position in shares of Safety Insurance Group by 2.6% during the second quarter. Susquehanna Fundamental Investments LLC now owns 7,086 shares of the insurance provider’s stock worth $530,000 after buying an additional 181 shares during the period. Renaissance Technologies LLC lifted its stake in Safety Insurance Group by 0.3% during the 1st quarter. Renaissance Technologies LLC now owns 140,400 shares of the insurance provider’s stock worth $10,199,000 after acquiring an additional 400 shares in the last quarter. Bayban acquired a new position in Safety Insurance Group during the 4th quarter worth about $31,000. Anchor Capital Advisors LLC boosted its holdings in Safety Insurance Group by 3.4% during the 4th quarter. Anchor Capital Advisors LLC now owns 17,219 shares of the insurance provider’s stock valued at $1,342,000 after acquiring an additional 563 shares during the period. Finally, Global Retirement Partners LLC purchased a new position in Safety Insurance Group during the 2nd quarter valued at about $42,000. 81.04% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Safety Insurance Group
In related news, major shareholder Corp Srb sold 1,240,352 shares of the stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $103.07, for a total transaction of $127,843,080.64. Following the completion of the transaction, the insider owned 473,387 shares of the company’s stock, valued at approximately $48,791,998.09. This trade represents a 72.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last three months, insiders have sold 1,316,109 shares of company stock worth $134,654,987. Company insiders own 2.20% of the company’s stock.
Safety Insurance Group Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were issued a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Tuesday, September 1st. Safety Insurance Group’s dividend payout ratio is currently 79.31%.
Safety Insurance Group Company Profile
Safety Insurance Group, Inc is a property and casualty insurance holding company headquartered in Boston, Massachusetts. Through its insurance subsidiaries, the company provides personal and commercial insurance products primarily through a network of independent agents.
Its personal insurance offerings include private-passenger automobile, homeowners, dwelling fire, and umbrella coverage. Safety also provides commercial automobile, business owners, commercial property, and workers’ compensation insurance for businesses and other organizations.
Founded in 1979, Safety Insurance Group primarily serves customers in Massachusetts, New Hampshire, and Maine.
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