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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 $86.75, up 0.2% from the previous day, and has increased 30.88% in one year. It has overperformed other stocks in the Insurance - Property & Casualty industry by 0.09 percentage points. Safety Insurance Group stock is currently +31.88% from its 52-week low of $65.78, and -2.22% from its 52-week high of $88.72.

At the moment, there are 14.84M SAFT shares outstanding. The market cap of SAFT is $1.29B. In the last 24 hours, 82,185 SAFT shares were traded.

How to Buy Safety Insurance Group Stock

Wondering how to invest in Safety Insurance Group stock? Here's how.
  1. 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.
  2. Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
  3. Deposit funds into your brokerage account: Select your method of payment and add your info.
  4. 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).
  5. 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.
  6. 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.

A brokerage account is an investment account that allows you to buy and sell a variety of financial instruments, such as stocks, bonds, mutual funds, and ETFs.

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Step 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.

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  1. Submit your info by clicking the "Create Account" button.
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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.

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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

SAFT Price
$86.75
1w %
11.65%
1y %
30.88%
5y %
-10.02%
P/E
25x
P/B
1.59x
P/S
1.29x
PEG
N/A
Revenue
$985.43M
Earnings
$51.29M
Fore. Rev. Growth
N/A
Fore. Earn. Growth
N/A
Market Cap
$1.29B
Next Earnings
Jul 31, 2024
Next Dividend
N/A

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 25x, relative to Insurance - Property & Casualty industry P/E ratio of 18.23x
  • SAFT could be undervalued based on its P/B ratio of 1.59x, relative to Insurance - Property & Casualty industry P/B ratio of 2.28x

You can do additional valuation research on SAFT's stock here.

SAFT Financial Health

Passed Financial Due Diligence Checks:

  • SAFT earnings of $66.07M is not enough to cover its interest payments.
  • SAFT profit margin has gone up from 3.2% to 5.2% in the past year.
  • SAFT's operating cash flow of $43.87M allows it to safely service it's debt of $49.08M.

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 1.59.

Metrics for Advanced SAFT Traders

SMA10
79.67
SMA20
77.52
SMA50
77.89
SMA100
79.1
SMA200
78.34
MACD
1.89
MACD Signal
0.53
MACD Histogram
1.36
RSI
80.06
Stochastic %K
96.5
Stochastic %D
95.24
StochRSI %K
100
StochRSI %D
100

SAFT Performance Metrics

Last year, SAFT earnings were $51.29M. During the last five year, SAFT's earnings have grown by -12.69% per year. This was slower than the Insurance - Property & Casualty industry average of 18.72%.

Last year, SAFT revenue was $985.43M. During the last 5 year, SAFT's revenue has grown by 3.02% per year. This was slower than the Insurance - Property & Casualty industry average of 11.33%.

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 sold more shares than they have bought.

Glenn Hiltpold, VP OF ACTUARIAL SERVICES of SAFT, was the latest SAFT insider to sell. They sold $25,941.50 worth of SAFT shares on Jun 12, 2024.

Research more about who owns SAFT shares here.

Does SAFT stock generate passive income?

Safety Insurance Group pays a dividend of 4.15%, compared to the Insurance - Property & Casualty industry's average dividend yield of 2.49%. If you owned $1,000 of SAFT stock, you would have been paid $41.50 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.

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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:

  1. Decide where to buy Safety Insurance Group stock
  2. Create a brokerage account
  3. Deposit funds into your brokerage account
  4. Research Safety Insurance Group stock
  5. Place your SAFT trade
  6. Get the latest news on your investment in SAFT

If you require a brokerage, eToro is our recommended option.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to track your new investment in Safety Insurance Group, get started below.

NASDAQ: SAFT
$86.75+0.17 (+0.2%)
Updated Jul 18, 2024
Open eToro Account
NASDAQ: SAFT
$86.75+0.17 (+0.2%)
Updated Jul 18, 2024
Open eToro Account

FAQ

How much does it cost to buy one Safety Insurance Group share?

As of Jul 18, 2024, it costs $86.75 to buy one share of Safety Insurance Group stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.115 shares of SAFT.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

What is the best way to buy Safety Insurance Group stock?

One way to place an order for Safety Insurance Group stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.