Safety Insurance Group Inc (NASDAQ: SAFT) has reported earnings for its first fiscal quarter (ending March 31) of $1.36 versus a loss $-0.84 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $3.47 compared to $1.80 a year ago — an increase of 93%.
Recent Price Action
Safety Insurance Group Inc (NASDAQ: SAFT) stock closed at $82.28 on 5/8/24 after an increase of 1.4%. However, trading volume in this advance was below average at 76% of normal. The stock has risen 3.4% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
SAFT’s future returns on capital are forecasted to fall short of the cost of capital. Accordingly, the company is expected to continue to be a modest Value Eraser.
Safety Insurance Group has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Safety Insurance Group has a very low Appreciation Score of 15 but a good Power Rating of 76, and the Low Neutral Value Trend Rating results.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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