Safety Insurance Group (NASDAQ:SAFT) Releases Quarterly Earnings Results, Beats Estimates By $0.70 EPS

Safety Insurance Group (NASDAQ:SAFT) released its quarterly earnings results on Wednesday. The insurance provider reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.70, FiscalAI reports. The company had revenue of $327.77 million during 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 Up 0.1%

SAFT traded up $0.10 during midday trading on Wednesday, hitting $104.35. The company had a trading volume of 318,282 shares, compared to its average volume of 131,736. Safety Insurance Group has a 52 week low of $67.93 and a 52 week high of $104.40. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 22.49 and a beta of 0.17. The stock’s 50 day moving average price is $103.72 and its 200 day moving average price is $84.95. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.06.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Safety Insurance Group from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, September 17th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Safety Insurance Group presently has an average rating of “Moderate Buy”.

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.