SAFT - Safety Insurance Group Inc Stock Price, Fair Value and News

80.16USD-0.81 (-1.00%)Delayed

Market Summary

USD80.16-0.81

Delayed

-1.00%

SAFT Alerts

Big jump in Revenue (Y/Y)

Big jump in Earnings (Y/Y)

SAFT Stock Price

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SAFT RSI Chart

SAFT Valuation

Market Cap

1.2B

Price/Earnings (Trailing)

23.23

Price/Sales (Trailing)

1.21

EV/EBITDA

15.74

Price/Free Cashflow

30.07

SAFT Price/Sales (Trailing)

SAFT Profitability

EBT Margin

6.63%

Return on Equity

6.34%

Return on Assets

2.45%

Free Cashflow Yield

3.33%

SAFT Fundamentals

SAFT Revenue

Revenue (TTM)

985.4M

Rev. Growth (Yr)

25.48%

Rev. Growth (Qtr)

3.81%

SAFT Earnings

Earnings (TTM)

51.2M

Earnings Growth (Yr)

262.03%

Earnings Growth (Qtr)

63.02%

Breaking Down SAFT Revenue

Last 7 days

-3.5%

Last 30 days

2.5%

Last 90 days

-8.0%

Trailing 12 Months

9.6%

How does SAFT drawdown profile look like?

SAFT Financial Health

SAFT Investor Care

Dividend Yield

4.49%

Dividend/Share (TTM)

3.6

Buy Backs (1Y)

0.19%

Diluted EPS (TTM)

3.48

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	985.4M	0	0	0
2023	816.3M	862.2M	899.2M	931.0M
2022	858.0M	818.7M	797.4M	797.6M
2021	887.1M	902.2M	893.5M	884.9M
2020	836.2M	828.0M	835.1M	846.2M
2019	849.4M	857.4M	856.8M	877.8M
2018	844.1M	843.8M	847.2M	836.5M
2017	824.8M	830.1M	832.5M	839.1M
2016	799.7M	805.1M	813.9M	819.8M
2015	785.7M	790.4M	795.6M	798.0M
2014	754.6M	763.5M	771.9M	778.8M
2013	715.3M	724.5M	734.7M	745.3M
2012	671.8M	682.5M	692.0M	703.9M
2011	623.2M	635.7M	649.3M	660.2M
2010	0	598.9M	605.8M	612.7M
2009	0	0	0	592.0M

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of Safety Insurance Group Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 06, 2024	varga stephen albert	sold	-71,415	79.35	-900	vp - mis
Mar 04, 2024	narciso paul j	sold (taxes)	-57,112	80.44	-710	vp - claims
Mar 04, 2024	drago john patrick	sold (taxes)	-47,620	80.44	-592	vp - marketing
Mar 04, 2024	berry james	sold (taxes)	-51,320	80.44	-638	vp - underwriting
Mar 04, 2024	hiltpold glenn	sold (taxes)	-30,969	80.44	-385	vp of actuarial services
Mar 04, 2024	mckeown ann marie	sold (taxes)	-40,541	80.44	-504	v.p insurance operations
Mar 04, 2024	whitford christopher thomas	sold (taxes)	-56,468	80.44	-702	vp, cfo and secretary
Mar 04, 2024	varga stephen albert	sold (taxes)	-57,032	80.44	-709	vp - mis
Mar 04, 2024	murphy george	sold (taxes)	-123,073	80.44	-1,530	president and ceo
Mar 01, 2024	varga stephen albert	sold (taxes)	-80,852	80.37	-1,006	vp - mis

Which funds bought or sold SAFT recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	JANE STREET GROUP, LLC	reduced	-18.9	-49,135	350,952	-%
May 16, 2024	COMERICA BANK	reduced	-9.68	-11,897	502,099	-%
May 16, 2024	Virtus Investment Advisers, Inc.	unchanged	-	39,339	521,496	0.37%
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-4.94	33,260	1,212,550	-%
May 15, 2024	Tower Research Capital LLC (TRC)	reduced	-92.09	-682,132	63,862	-%
May 15, 2024	Cubist Systematic Strategies, LLC	sold off	-100	-81,005	-	-%
May 15, 2024	CITADEL ADVISORS LLC	added	813	321,191	357,362	-%
May 15, 2024	DEUTSCHE BANK AG\	added	3.93	71,069	643,958	-%
May 15, 2024	NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	unchanged	-	1,240	16,438	-%
May 15, 2024	MILLENNIUM MANAGEMENT LLC	reduced	-78.54	-1,628,050	492,072	-%

Are Funds Buying or Selling SAFT?

Are funds buying SAFT calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own SAFT

No. of Funds

Unveiling Safety Insurance Group Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2024	srb corp	12.45%	1,842,284	SC 13G/A
Feb 13, 2024	vanguard group inc	11.10%	1,641,372	SC 13G/A
Feb 09, 2024	dimensional fund advisors lp	5.0%	741,540	SC 13G
Feb 06, 2024	victory capital management inc	7.92%	1,171,744	SC 13G/A
Feb 06, 2024	victory capital management inc	7.92%	1,171,744	SC 13G/A
Jan 23, 2024	blackrock inc.	14.5%	2,137,505	SC 13G/A
Jan 22, 2024	state street corp	3.96%	585,677	SC 13G/A
Feb 14, 2023	srb corp	11.36%	1,674,782	SC 13G/A
Feb 09, 2023	vanguard group inc	11.17%	1,645,560	SC 13G/A
Feb 06, 2023	state street corp	5.05%	744,613	SC 13G

Recent SEC filings of Safety Insurance Group Inc

View All Filings

Date Filed	Form Type	Document
May 15, 2024	8-K	Current Report
May 09, 2024	10-Q	Quarterly Report
May 08, 2024	8-K	Current Report
Apr 23, 2024	8-K	Current Report
Apr 02, 2024	ARS	ARS
Apr 02, 2024	DEF 14A	DEF 14A
Mar 26, 2024	3	Insider Trading
Mar 07, 2024	4	Insider Trading
Mar 06, 2024	144	Notice of Insider Sale Intent
Mar 04, 2024	4	Insider Trading

Peers (Alternatives to Safety Insurance Group Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
ARGO	1.1T	1.3B	1.56%	3220.84%	-5.4K	851.43	-10.27%	-34.69%
AJG	56.3B	10.6B	11.80%	20.14%	51.57	5.3	20.42%	-6.05%
AIG	53.5B	48.4B	11.01%	48.35%	11.07	1.1	-4.15%	-20.63%
TRV	50.3B	42.9B	6.36%	19.84%	16.03	1.17	13.52%	12.15%
AFL	50.2B	19.3B	10.10%	32.07%	9.39	2.6	3.03%	17.35%
ACGL	37.9B	14.4B	11.43%	34.12%	7.82	2.63	32.92%	143.01%
AFG	11.2B	8.0B	7.21%	13.44%	12.7	1.4	11.14%	7.56%
MID-CAP
UNM	10.1B	12.6B	5.84%	14.37%	7.61	0.8	4.24%	-13.40%
AIZ	9.1B	11.4B	3.23%	33.23%	11.93	0.8	9.81%	217.29%
LNC	5.1B	11.9B	12.70%	41.34%	3.81	0.43	-33.27%	234.43%
AEL	3.9B	3.2B	-0.20%	45.14%	5.55	1.23	64.05%	-35.60%
SMALL-CAP
BRP	2.0B	1.3B	23.61%	49.66%	-37.13	1.59	18.74%	30.90%
AMSF	887.3M	308.9M	-4.69%	-15.41%	14.38	2.87	3.79%	10.94%
AMBC	818.6M	314.0M	28.73%	23.89%	14.24	2.61	-29.20%	-88.19%
AAME	35.5M	187.5M	-11.22%	-20.55%	-49.09	0.19	2.74%	73.83%

Safety Insurance Group Inc News

Latest updates

Safety Insurance Group Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	3.8%	268	258	229	229	214	227	192	184	195	226	214	223	222	235	222	208	181	224	215	216	223
Operating Expenses	-	-	-	-	-	-	-	60.00	61.00	62.00	65.00	63.00	65.00	65.00	71.00	69.00	64.00	63.00	62.00	61.00	61.00	60.00
EBITDA Margin	116.0%	0.07*	0.03*	0.05*	0.06*	0.05*	0.08*	0.09*	0.12*	0.16*	0.19*	0.22*	0.25*	-	-	-	-	-	-	-	-	-
Interest Expenses	1.7%	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Income Taxes	57.0%	6.00	4.00	1.00	4.00	-2.97	7.00	2.00	2.00	2.00	8.00	6.00	10.00	9.00	15.00	12.00	11.00	-0.84	7.00	4.00	7.00	6.00
Earnings Before Taxes	62.2%	26.00	16.00	2.00	21.00	-15.31	32.00	8.00	10.00	10.00	40.00	31.00	47.00	45.00	68.00	57.00	53.00	-2.83	35.00	19.00	33.00	36.00
EBT Margin	152.8%	0.07*	0.03*	0.04*	0.05*	0.04*	0.07*	0.09*	0.11*	0.15*	0.19*	0.21*	0.24*	-	-	-	-	-	-	-	-	-
Net Income	63.0%	20.00	12.00	2.00	17.00	-12.34	25.00	6.00	8.00	8.00	32.00	25.00	38.00	36.00	53.00	45.00	42.00	-1.99	28.00	16.00	26.00	30.00
Net Income Margin	156.3%	0.05*	0.02*	0.03*	0.04*	0.03*	0.06*	0.07*	0.09*	0.12*	0.15*	0.17*	0.19*	-	-	-	-	-	-	-	-	-
Free Cashflow	-169.8%	-24.20	35.00	30.00	-0.56	-13.43	20.00	23.00	15.00	-15.97	29.00	47.00	48.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	0.0%	2,093	2,094	2,052	2,016	1,990	1,973	1,934	1,947	1,991	2,117	2,145	2,108	2,046	2,054	2,047	2,019	1,931	2,023	2,034	1,973	1,918
Cash Equivalents	-19.3%	31.00	38.00	31.00	25.00	15.00	25.00	34.00	39.00	35.00	64.00	45.00	82.00	52.00	54.00	60.00	45.00	42.00	44.00	47.00	38.00	23.00
Goodwill	0%	17.00	17.00	17.00	17.00	17.00	17.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Liabilities	-0.3%	1,286	1,290	1,282	1,222	1,187	1,161	1,150	1,129	1,129	1,190	1,217	1,188	1,155	1,170	1,209	1,202	1,169	1,214	1,242	1,190	1,163
Shareholder's Equity	0.3%	807	804	770	794	803	812	784	819	862	927	928	920	890	885	838	817	762	808	793	784	756
Retained Earnings	0.9%	788	781	782	793	790	815	804	811	816	822	803	792	768	745	705	674	646	662	647	645	-2.37
Additional Paid-In Capital	0.6%	228	226	225	224	223	222	221	219	218	216	215	213	212	210	208	206	204	202	201	200	198
Shares Outstanding	0.0%	15.00	15.00	15.00	15.00	15.00	15.00	15.00	15.00	15.00	15.00	15.00	15.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	1,040	-	-	-	1,371	-	-	-	1,124	-	-	-	1,096	-	-	-	1,393	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-160.3%	-21,135	35,051	30,501	-546	-12,892	20,960	23,641	15,001	-15,276	30,810	47,994	50,067	12,523	33,348	50,883	53,744	-28,515	42,805	56,234	21,429	-8,012
Share Based Compensation	-100.0%	-	1,080	824	1,173	1,255	1,294	1,302	1,301	2,083	1,494	1,498	1,440	1,860	1,666	1,983	2,066	1,744	1,485	1,192	1,630	1,723
Cashflow From Investing	287.5%	27,399	-14,614	-6,811	39,039	6,655	-21,154	-15,951	1,993	15,124	13,016	-72,290	-5,901	-814	-26,027	-4,607	-25,186	20,296	-32,137	-32,977	5,864	6,286
Cashflow From Financing	-3.3%	-13,615	-13,179	-18,184	-28,421	-3,747	-8,141	-13,138	-13,142	-28,220	-24,926	-13,365	-13,365	-13,915	-13,301	-31,284	-25,368	5,379	-13,743	-13,743	-12,217	-12,964
Dividend Payments	-100.0%	-	13,179	13,184	13,181	13,747	13,141	13,138	13,142	13,617	13,363	13,365	13,365	13,915	13,301	13,430	13,615	14,229	13,743	13,743	12,217	12,964
Buy Backs	-	-	-	-	-	-	-	-	-	14,603	-	-	-	-	-	17,854	11,753	10,392	-	-	-	-

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SAFT Income Statement

2024-03-31

Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenues
Net earned premiums	$ 236,053	$ 191,735
Net investment income	15,231	13,654
Earnings from partnership investments	1,772	2,166
Net realized gains on investments	492	733
Change in net unrealized gains on equity securities	7,665	770
Credit loss expense	(142)	(922)
Commission income	1,808	1,483
Finance and other service income	5,354	4,140
Total revenue	268,233	213,759
Expenses
Losses and loss adjustment expenses	168,399	167,153
Underwriting, operating and related expenses	72,267	60,033
Other expense	1,837	1,670
Interest expense	123	210
Total expenses	242,626	229,066
Income (loss) before income taxes	25,607	(15,307)
Income tax expense (benefit)	5,529	(2,970)
Net income (loss)	$ 20,078	$ (12,337)
Earnings (loss) per weighted average common share:
Basic	$ 1.36	$ (0.84)
Diluted	1.36	(0.84)
Cash dividends paid per common share	$ 0.90	$ 0.90
Number of shares used in computing earnings per share:
Basic	14,667,107	14,682,507
Diluted	14,696,590	14,761,861

SAFT Balance Sheet

2024-03-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Investments:
Fixed maturities, available for sale, at fair value (amortized cost: $1,119,116 and $1,120,682, allowance for expected credit losses of $1,349 and $1,208)	$ 1,043,556	$ 1,052,145
Equity securities, at fair value (cost: $192,721 and $221,809)	216,598	238,022
Other invested assets	138,270	133,946
Total investments	1,398,424	1,424,113
Cash and cash equivalents	30,801	38,152
Accounts receivable, net of allowance for expected credit losses of $824 and $1,053	269,491	256,687
Receivable for securities sold	322	124
Accrued investment income	8,012	7,261
Taxes recoverable		623
Receivable from reinsurers related to paid loss and loss adjustment expenses	15,359	13,129
Receivable from reinsurers related to unpaid loss and loss adjustment expenses	121,504	112,623
Ceded unearned premiums	34,029	32,346
Deferred policy acquisition costs	93,711	91,917
Deferred income taxes	14,667	12,150
Equity and deposits in pools	36,410	35,247
Operating lease right-of-use-assets	19,078	19,756
Goodwill	17,093	17,093
Intangible assets	7,340	7,551
Other assets	27,198	25,232
Total assets	2,093,439	2,094,004
Liabilities
Loss and loss adjustment expense reserves	603,796	603,081
Unearned premium reserves	544,075	528,150
Accounts payable and accrued liabilities	60,615	64,235
Payable for securities purchased	6,434	1,863
Payable to reinsurers	12,496	15,941
Taxes payable	780
Short-term debt	30,000
Long-term debt		30,000
Operating lease liabilities	19,078	19,756
Other liabilities	9,094	26,711
Total liabilities	1,286,368	1,289,737
Commitments and contingencies (Note 8)
Shareholders' equity
Common stock: $0.01 par value; 30,000,000 shares authorized; 17,994,242 and 17,949,484 shares issued	180	179
Additional paid-in capital	227,820	226,380
Accumulated other comprehensive loss, net of taxes	(58,626)	(53,191)
Retained earnings	787,990	781,192
Treasury stock, at cost: 3,157,577 and 3,157,577 shares	(150,293)	(150,293)
Total shareholders' equity	807,071	804,267
Total liabilities and shareholders' equity	$ 2,093,439	$ 2,094,004

About Safety Insurance Group Inc

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. The company was founded in 1979 and is headquartered in Boston, Massachusetts.

CEO	Mr. George Michael Murphy C.P.C.U., CPCU
WEBSITE	safetyinsurance.com
INDUSTRY	Insurance Property & Casualty
EMPLOYEES	538

Safety Insurance Group Inc Frequently Asked Questions

What is the ticker symbol for Safety Insurance Group Inc? What does SAFT stand for in stocks?

SAFT is the stock ticker symbol of Safety Insurance Group Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Safety Insurance Group Inc (SAFT)?

As of Fri May 17 2024, market cap of Safety Insurance Group Inc is 1.19 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of SAFT stock?

You can check SAFT's fair value in chart for subscribers.

What is the fair value of SAFT stock?

You can check SAFT's fair value in chart for subscribers. The fair value of Safety Insurance Group Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Safety Insurance Group Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for SAFT so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Safety Insurance Group Inc a good stock to buy?

The fair value guage provides a quick view whether SAFT is over valued or under valued. Whether Safety Insurance Group Inc is cheap or expensive depends on the assumptions which impact Safety Insurance Group Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for SAFT.

What is Safety Insurance Group Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, SAFT's PE ratio (Price to Earnings) is 23.23 and Price to Sales (PS) ratio is 1.21. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. SAFT PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Safety Insurance Group Inc's stock?

In the past 10 years, Safety Insurance Group Inc has provided 0.082 (multiply by 100 for percentage) rate of return.