What is DOWLING & PARTN’s Forecast for SAFT FY2028 Earnings?

Safety Insurance Group, Inc. (NASDAQ:SAFT) – Investment analysts at DOWLING & PARTN issued their FY2028 earnings estimates for shares of Safety Insurance Group in a research 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.

Other research analysts have also issued reports about the company. Wall Street Zen raised Safety Insurance Group from a “sell” rating to a “hold” rating in a report on Saturday, June 6th. Weiss Ratings raised Safety Insurance Group from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, September 17th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Safety Insurance Group Stock Performance

SAFT opened at $103.92 on Thursday. Safety Insurance Group has a 12-month low of $67.04 and a 12-month high of $104.01. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of 22.40 and a beta of 0.15. The business has a 50 day moving average of $103.45 and a 200-day moving average of $84.05. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.06.

Safety Insurance Group (NASDAQ:SAFT) last announced 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 firm had revenue of $325.68 million for the quarter, compared to the consensus estimate of $325.68 million. Safety Insurance Group had a return on equity of 7.23% and a net margin of 5.33%.

Safety Insurance Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were issued a $0.92 dividend. This represents a $3.68 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Tuesday, September 1st. Safety Insurance Group’s dividend payout ratio is currently 79.31%.

Insider Transactions at Safety Insurance Group

In other news, major shareholder Corp Srb sold 1,240,352 shares of the business’s stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $103.07, for a total transaction of $127,843,080.64. Following the completion of the sale, the insider owned 473,387 shares in the company, valued at $48,791,998.09. The trade was a 72.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold 1,316,109 shares of company stock worth $134,654,987 in the last three months. Company insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Safety Insurance Group

Large investors have recently made changes to their positions in the company. Susquehanna Fundamental Investments LLC boosted its position in shares of Safety Insurance Group by 2.6% in the second quarter. Susquehanna Fundamental Investments LLC now owns 7,086 shares of the insurance provider’s stock valued at $530,000 after acquiring an additional 181 shares during the period. Bayban bought a new position in Safety Insurance Group during the fourth quarter worth about $31,000. Renaissance Technologies LLC raised its stake in Safety Insurance Group by 0.3% in the 1st quarter. Renaissance Technologies LLC now owns 140,400 shares of the insurance provider’s stock worth $10,199,000 after purchasing an additional 400 shares in the last quarter. Anchor Capital Advisors LLC boosted its holdings in Safety Insurance Group by 3.4% in the 4th quarter. Anchor Capital Advisors LLC now owns 17,219 shares of the insurance provider’s stock valued at $1,342,000 after purchasing an additional 563 shares during the period. Finally, Global Retirement Partners LLC acquired a new position in shares of Safety Insurance Group during the 2nd quarter worth approximately $42,000. Institutional investors own 81.04% of the company’s stock.

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.