Safety Insurance Group Inc (NASDAQ: SAFT) has reported earnings for its second fiscal quarter (ending June 30) of $1.13 versus $1.15 for the same period a year ago — a decline of -2%. For the latest four quarters through June 30, E.P.S. were $3.45 versus $2.42 for the same period a year ago — an increase of 43%.
Recent Price Action
Safety Insurance Group Inc (NASDAQ: SAFT) stock enjoyed a large increase of 2.2% on 8/7/24. The stock closed at $80.01. Moreover, unusually high trading volume at 166% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has declined -8.1% during the last week.
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 D (Negative). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Safety Insurance Group has a very low Appreciation Score of 14 but a neutral Power Rating of 56, and the Negative Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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