How to Buy Safety Insurance Group Stock
Safety Insurance Group Inc
Safety Insurance Group, Inc. provides private passenger and commercial automobile, and homeowner insurance in the United States.
Safety Insurance Group stock last closed at $81.00, up 0.93% from the previous day, and has increased 12.56% in one year. It has underperformed other stocks in the Insurance - Property & Casualty industry by 0.13 percentage points. Safety Insurance Group stock is currently +23.14% from its 52-week low of $65.78, and -8.7% from its 52-week high of $88.72.
At the moment, there are 14.79M SAFT shares outstanding. The market cap of SAFT is $1.20B. In the last 24 hours, 41,172 SAFT shares were traded.
How to Buy Safety Insurance Group Stock
Wondering how to invest in Safety Insurance Group stock? Here's how.
- Decide where to buy Safety Insurance Group stock: You need to pick a stock brokerage, but don't worry - we've sifted through dozens of stock brokerages and apps to help you choose where to buy Safety Insurance Group stock.
- Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Deposit funds into your brokerage account: Select your method of payment and add your info.
- Research Safety Insurance Group stock: The Safety Insurance Group ticker symbol is SAFT. Is Safety Insurance Group stock a good investment? Should you buy shares of SAFT? How do SAFT's underlying business fundamentals look? Do top analysts think Safety Insurance Group is a good buy? Why has SAFT's stock price moved recently? (Hint: Our stock market analysis website can help you understand if SAFT is a good stock to buy).
- Place your SAFT trade: Decide if you will purchase SAFT shares at the current market price or use a limit order to purchase SAFT shares at a specific price.
- Get the latest news on your investment in SAFT: Create a watchlist to important notifications about your investment in Safety Insurance Group shares.
Step 1: Decide where to buy Safety Insurance Group stock
You will need a brokerage account to access the NASDAQ market and buy SAFT stock.
Our recommended brokerage: eToro
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Open eToro AccountStep 2: Create a brokerage account
Now that you've selected the best brokerage, the next step is to fill out some personal details so you can invest in SAFT stock today.
How to Open a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal data to open your new trading account.
- Submit your info by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your brokerage account
Now that you've opened your account on one of the best stock apps, you can securely and quickly fund your account:
Check out the walkthrough below if you need help depositing funds into your investment account.
Step 4: Research Safety Insurance Group stock
Once you have selected the best place to buy Safety Insurance Group stock, it's critical to analyze their stock prior to buying, so you can comprehend the risk and upside.
Safety Insurance Group Numbers
Fundamentals of Safety Insurance Group
WallStreetZen was created to help average investors do more in-depth fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on SAFT's stock page.
Is SAFT stock properly valued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge SAFT's intrinsic value.
Using relative valuations methods:
- SAFT could be overvalued based on its P/E ratio of 63.28x, relative to Insurance - Property & Casualty industry P/E ratio of 20.11x
- SAFT could be undervalued based on its P/B ratio of 1.49x, relative to Insurance - Property & Casualty industry P/B ratio of 2.18x
You can do additional valuation research on SAFT's stock here.
SAFT Financial Health
Passed Financial Due Diligence Checks:
- SAFT earnings of $25.24M is not enough to cover its interest payments.
- SAFT's operating cash flow of $52.11M allows it to safely service it's debt of $49.76M.
Failed Financial Due Diligence Checks:
- Total SAFT debt is higher than 5 years ago, relative to shareholder equity.
- SAFT has a relatively high debt to equity ratio of 1.6.
- SAFT profit margin has gone down from 5.8% to 2% in the past year.
Metrics for Advanced SAFT Traders
SAFT Performance Metrics
Last year, SAFT earnings were $18.88M. During the last five year, SAFT's earnings have grown by -25.24% per year. This was slower than the Insurance - Property & Casualty industry average of 12.61%.
Last year, SAFT revenue was $930.96M. During the last 5 year, SAFT's revenue has grown by 2.16% per year. This was slower than the Insurance - Property & Casualty industry average of 11.68%.
You can analyze SAFT's earnings and revenue performance here.
What are SAFT insiders up to?
Over the last year, executives and large shareholders at SAFT have bought more shares than they have sold.
Stephen Albert Varga, VP - MIS of SAFT, was the latest SAFT insider to sell. They sold $71,415.00 worth of SAFT shares on Mar 6, 2024.
Research more about who owns SAFT shares here.
Does SAFT stock generate passive income?
Safety Insurance Group pays a dividend of 4.44%, compared to the Insurance - Property & Casualty industry's average dividend yield of 2.51%. If you owned $1,000 of SAFT stock, you would have been paid $44.44 last year.
Safety Insurance Group dividend payments have consistently grown over the past decade and have remained stable.
Get more analysis about Safety Insurance Group dividend yield and history here.
What do other investors have to say about SAFT?
One of the major reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to find out what other investors have to say.
Step 5: Place your SAFT trade
There are two primary options:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are mostly fine for most investors. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a specific price limit, place a limit order.
Hit the Open button and your broker will place your order.
If you want more help buying stocks on eToro, click the helpful video below:
Step 6: Get the latest news on your investment in SAFT
Now that you own some SAFT stock, you'll want to stay up-to-date on your new shares.
Put SAFT on a watchlist to track your SAFT stock.
SAFT Feed
How to Buy Stock in Safety Insurance Group
To reiterate, here are the 6 steps to buy Safety Insurance Group stock:
- Decide where to buy Safety Insurance Group stock
- Create a brokerage account
- Deposit funds into your brokerage account
- Research Safety Insurance Group stock
- Place your SAFT trade
- Get the latest news on your investment in SAFT
If you require a brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you want to track your new investment in Safety Insurance Group, get started below.
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