Safety Insurance Group (NASDAQ:SAFT – Get Free Report) issued its quarterly earnings data on Wednesday. The insurance provider reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.70, FiscalAI reports. The firm had revenue of $327.77 million for the quarter, compared to analysts’ expectations of $533.84 million. Safety Insurance Group had a net margin of 5.33% and a return on equity of 7.23%.
Safety Insurance Group Stock Performance
Shares of NASDAQ SAFT traded up $0.10 during trading on Wednesday, hitting $104.35. The company had a trading volume of 316,909 shares, compared to its average volume of 131,330. Safety Insurance Group has a 12 month low of $67.93 and a 12 month high of $104.40. 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 firm has a market capitalization of $1.53 billion, a P/E ratio of 22.49 and a beta of 0.17. The stock has a 50 day simple moving average of $103.72 and a 200 day simple moving average of $84.95.
Wall Street Analyst Weigh In
Separately, Weiss Ratings raised shares of Safety Insurance Group from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, September 17th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.
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About Safety Insurance Group
Safety Insurance Group, Inc is an insurance holding company that provides property and casualty insurance products primarily through its subsidiary, Safety Insurance Company. The company focuses on personal and commercial insurance coverage for individuals, families, and businesses.
Its product offerings include private passenger automobile insurance, homeowners insurance, dwelling fire coverage, business owners policies, commercial automobile insurance, and related property and liability products.
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