Safety Insurance Group, Inc. (NASDAQ:SAFT – Free Report) – Analysts at DOWLING & PARTN dropped their FY2026 EPS estimates for shares of Safety Insurance Group in a report released on Wednesday, October 7th. DOWLING & PARTN analyst D. Lukpanov now expects that the insurance provider will post earnings of $4.15 per share for the year, down from their prior estimate of $4.75. The consensus estimate for Safety Insurance Group’s current full-year earnings is $4.15 per share.
Separately, Weiss Ratings upgraded Safety Insurance Group from a “buy (b-)” rating to a “buy (b)” rating in a research 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’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.
Safety Insurance Group Price Performance
NASDAQ SAFT opened at $103.83 on Monday. Safety Insurance Group has a 12 month low of $67.04 and a 12 month high of $104.01. The firm has a market capitalization of $1.52 billion, a PE ratio of 22.38 and a beta of 0.15. The company’s 50 day simple moving average is $103.53 and its 200 day simple moving average is $85.45. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.41 and a quick ratio of 0.41.
Safety Insurance Group (NASDAQ:SAFT – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The insurance provider reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates of $2.00 by $0.03. The company had revenue of $325.68 million during the quarter, compared to analyst estimates of $325.68 million. Safety Insurance Group had a net margin of 5.33% and a return on equity of 7.23%.
Institutional Investors Weigh In On Safety Insurance Group
Large investors have recently made changes to their positions in the company. Bayban acquired a new position in Safety Insurance Group during the fourth quarter valued at $31,000. Global Retirement Partners LLC acquired a new stake in Safety Insurance Group during the 2nd quarter worth about $42,000. Allworth Financial LP acquired a new stake in Safety Insurance Group during the 2nd quarter worth about $44,000. Motiv8 Investments LLC acquired a new stake in Safety Insurance Group during the 4th quarter worth about $58,000. Finally, Farther Finance Advisors LLC boosted its position in Safety Insurance Group by 588.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 998 shares of the insurance provider’s stock worth $103,000 after acquiring an additional 853 shares during the period. Institutional investors and hedge funds own 81.04% of the company’s stock.
Insider Activity at Safety Insurance Group
In other Safety Insurance Group news, major shareholder Corp Srb sold 1,240,352 shares of the firm’s stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $103.07, for a total value of $127,843,080.64. Following the completion of the transaction, the insider directly owned 473,387 shares in the company, valued at $48,791,998.09. This trade represents a 72.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 2.20% of the stock is currently owned by insiders.
Safety Insurance Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were paid a dividend of $0.92 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $3.68 dividend on an annualized basis and a yield of 3.5%. Safety Insurance Group’s dividend payout ratio is currently 79.31%.
Safety Insurance Group Company Profile
Safety Insurance Group, Inc (NASDAQ:SAFT) is an insurance holding company headquartered in Boston, Massachusetts. Through its subsidiaries, including Safety Insurance Company, the company provides property and casualty insurance products to individuals and businesses.
Its principal offerings include private passenger and commercial automobile insurance, homeowners insurance, businessowners policies, dwelling fire coverage, umbrella insurance and workers’ compensation insurance. Safety distributes its products primarily through a network of independent insurance agents and provides related policy administration and claims services.
The company primarily serves customers in New England, with operations focused on Massachusetts, New Hampshire and Maine.
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