SAFETY INSURANCE GROUP INC (SAFT)
Financials · Regional property and casualty insurance · NASDAQ
A leading Massachusetts-based property & casualty insurer specializing in private passenger auto, commercial auto, and homeowners coverage through an independent agent network.
What SAFETY INSURANCE GROUP INC does
Safety Insurance Group is a regional property and casualty insurer operating exclusively in Massachusetts, New Hampshire, and Maine through its insurance subsidiaries. The company is the fourth-largest private passenger auto carrier, the largest commercial auto carrier, and the third-largest homeowners insurer in Massachusetts, with a strong network of 797 independent agents in 1,063 locations. Its product portfolio includes private passenger automobile, commercial automobile, homeowners, dwelling fire, umbrella, and business owner policies, leveraging longstanding relationships with independent agents in the Massachusetts market where agent-based distribution represents 68.8% of the market.
Themes: property and casualty insurance, auto insurance, homeowners insurance, New England insurance market, independent agency distribution
Fundamentals
- Price$103.59 as of 2026-08-21 close
- Market cap$1.5B as of 2026-08-21
- 1-year return+39.8% 2025-08-21 close $74.08 → 2026-08-21 close $103.59
- P/E24.12 as of 2026-08-24
- Net margin+5.0% as of 2026-08-24
- ROE+7.2% as of 2026-08-24
- Debt / equity0.06 as of 2026-08-24
- Revenue growth (YoY)+11.5% as of 2026-08-24
- Revenue CAGR (3y)+16.6% SEC XBRL
- Beta0.18 as of 2026-08-24
- Last reported earnings2026-08-05 SEC EDGAR Form 8-K (Item 2.02)
Dividend: yield +4.7%; at least 5 years of non-decreasing per-share dividends (SEC XBRL) — we do not hold the year before it, so the real streak may be longer.
How SAFT compares in its sector
- price-to-earnings ratiotop 25% 525 covered Financials peers, as of 2026-08-24
- net profit marginbottom 25% 538 covered Financials peers, as of 2026-08-24
- operating marginbottom 25% 534 covered Financials peers, as of 2026-08-24
- return on equitybottom 25% 575 covered Financials peers, as of 2026-08-24
- 3-year revenue CAGRmiddle range 347 covered Financials peers
- indicated dividend yieldmiddle range 453 covered Financials peers, as of 2026-08-24
- free cash flow (absolute dollars, latest fiscal year)middle range 431 covered Financials peers, as of FY2025
Position among covered Financials companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
Dividend coverage (FY2025)
Covered by reported results. In FY2025, SAFT's dividend was covered by reported results (earnings payout 54%, free-cash-flow payout 28%). This describes past coverage, not a forecast.
- Earnings payout54% dividends / net income
- Free-cash-flow payout28% dividends / (operating cash flow − capex)
Coverage derived from reported SEC EDGAR XBRL figures for FY2025 (dividends paid vs. net income and free cash flow, same fiscal year). This describes PAST coverage for one fiscal year — it does not predict whether a dividend will be maintained, raised, or cut, and a one-year payout ratio can be distorted by non-recurring items. Informational only — not financial advice.
How SAFETY INSURANCE GROUP INC looks technically
SAFETY INSURANCE GROUP INC (SAFT) is trading 32.9% above its 200-day average, the long-term trend line — a longer-term uptrend. Its 50-day average crossed above its 200-day average about 18 trading days ago — a "golden cross", a bullish long-term signal. A strong uptrend is in place — ADX, a 0–100 trend-strength gauge, is 60, with buyers in control. Momentum is stretched — its 14-day RSI (a 0–100 momentum gauge) is 83, in overbought territory (above 70). MACD, a trend-momentum gauge, turned bearish about 7 trading days ago (its momentum flipped negative). It just made a new 20-day high, pushing above its recent trading range. It is trading at or near its all-time high. Day-to-day price swings are unusually narrow versus its own recent history — a "Bollinger squeeze" (in the tightest 1% of the past ~6 months), which often precedes a bigger move. Trading volume is unusually light — only about 44% of its 30-day average.
Trend
9
| Distance from the 200-day | it is trading 32.9% above its 200-day average, the long-term trend line — a longer-term uptrend | +32.9% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $86.28 | $86.28 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $77.97 | $77.97 |
| Swing structure | each recent peak has been higher than the one before it and each dip has been shallower — the pattern chart-watchers call an uptrend, which describes where price has already been and not where it goes next | higher highs and higher lows |
| Last swing turn | its last significant turn was a swing low 29 calendar days ago — the swings before that are what the structure reading is measured on | 29 sessions |
| Wave structure | its recent swings can be read as a five-part upward sequence — what Elliott-wave chartists call an impulse — now in leg 3 of five; the labelling fails if price closes below 70.81. It is one of several labellings that fit, and it describes the swings already printed, not what comes next. The same swings also read as a three-part correction in leg C. | possible upward five-wave sequence, in wave 3 (one of several readings) |
| Since the 50/200 cross | its 50-day average crossed above its 200-day average about 18 trading days ago — a "golden cross", a bullish long-term signal | 18 sessions |
| Above the 200-day after a dip | it recently dipped to its 200-day average (the long-term trend line) and has since climbed back above it — now about 32.9% above | +32.9% |
| Trend strength (14-day ADX) | a strong uptrend is in place — ADX, a 0–100 trend-strength gauge, is 60, with buyers in control | 59.8 |
Momentum
3
| 14-day RSI | momentum is stretched — its 14-day RSI (a 0–100 momentum gauge) is 83, in overbought territory (above 70) | 83.3 |
|---|---|---|
| Position in its 14-day range | it is trading in the upper half of its 14-day range ($103.17 to $103.75) — its "stochastic" reading is 72 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been climbing within that range over the last few sessions. Read that with care: its whole 14-day range is only about 0.6% of the price, so being at one end of it is a smaller move than it sounds — a company pinned near an agreed takeover price does this. | 72.4 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, turned bearish about 7 trading days ago (its momentum flipped negative) | 7 sessions |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $103.75 | $103.75 |
|---|---|---|
| From the 52-week high | it is trading right at its highest price of the past year (its 52-week high) | -0.1% |
| Above the 52-week low | it is 54.5% above its 52-week low (its lowest price of the past year) | +54.5% |
| Below the 52-week high | it is at or near its highest point of the past year | 0.1% |
| Since a 20-day breakout | it just made a new 20-day high, pushing above its recent trading range | 1 session |
| Since a 55-day breakout | it just made a new 55-day high, pushing above its recent trading range | 1 session |
| All-time high | its highest closing price on record is $103.96 (set on 2019-09-27) | $103.96 |
| Given back of the 52-week move | over the past year its closes ranged ($67.37 to $103.59), and it has given back essentially none of its rise from last year’s low — 0% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $80.05 to $81.21. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 0.0% |
| From the all-time high | it is trading at or near its all-time high | -0.4% |
| Nearest price level | it is trading 13.5% above a support level at $89.60 — a price it turned at three times since 2024-08-29, most recently on 2024-12-05. Since 2024-08-21 it has 10 such levels below the current price and 0 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | -13.5% |
| All-time low | its lowest closing price on record is $28.16 (set on 2009-03-11) | $28.16 |
| Above the all-time low | it is 267.9% above its all-time low | +267.9% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are unusually narrow versus its own recent history — a "Bollinger squeeze" (in the tightest 1% of the past ~6 months), which often precedes a bigger move | 1st percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $1.08 between its high and its low — about 1.1% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $1.08 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $103.00 and $103.72 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $103.00 – $103.36 – $103.72 |
| Typical daily range (% of price) | its price moves about 1.1% in a typical session — among the calmest in the catalog. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 1.1% |
| Stretch from the 200-day average | it is trading 23.7 daily ranges above its 200-day average price (32.9% above it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale | 23.7 daily ranges above its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is unusually light — only about 44% of its 30-day average | 0.44× |
|---|
Candlestick patterns
1
| Since a doji | 4 sessions ago it opened and closed at almost the same price after trading through a wider range — a "doji", the classic picture of buyers and sellers finishing the session level | 4 sessions ago |
|---|
Price gaps
2
| Gap at the open | it opened on 2026-08-21 0.2% above the previous session's close — an overnight gap, the part of the move that happened while the market was shut, and had not traded back through that level by the close | +0.2% |
|---|---|---|
| Open gap | it gapped 41.2% above the previous close 20 sessions ago and has not traded back through the level it left behind at 72.94 — an "unfilled gap", which describes a price range no trade has since crossed and is not a forecast that it will be crossed | +41.2% |
Price streaks
1
| Closing streak | it closed higher in its latest session, after a session that did not close higher — a single up day rather than a run | 1 session up |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock beat the market by 38.7 percentage points (the stock gained 41.1% while the market gained 2.3%) | +38.7% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock beat the market by 38.4 percentage points (the stock gained 41.5% while the market gained 3.1%) | +38.4% |
| vs market, 6 months | over the past 6 months this stock beat the market by 21.0 percentage points (the stock gained 32.1% while the market gained 11.1%) | +21.0% |
| vs market, 12 months | over the past 12 months this stock beat the market by 19.4 percentage points (the stock gained 39.8% while the market gained 20.5%) | +19.4% |
Signal agreement
2
| Bullish technical signals | 6 of the 9 technical signals we can compute for it are currently in a bullish state: a strong uptrend, with buyers in control, a "golden cross" — its 50-day average is above its 200-day, trading above its 200-day average, a fresh 20-day high, outperforming the market over 6 months, trading above the Ichimoku cloud — these describe past price behaviour, not a forecast | 6 of 9 |
|---|---|---|
| Bearish technical signals | 2 of the 9 technical signals we can compute for it are currently in a bearish state: its RSI momentum gauge is overbought (a stretched reading), MACD momentum is negative — these describe past price behaviour, not a forecast | 2 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading 39% above the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-07-16 and projected forward over today's price, the side traders read as an established uptrend, with the band below acting as the level that would have to give way. The band itself is thin, spanning 1.3% of the share price, which is taken to mean a barrier that gives way easily. | +38.6% |
|---|
Volume-weighted price
1
| Vs this year’s average price paid | the price is 21% above the average price paid so far this year, so the typical buyer over that stretch is showing a gain. That average is $85.87 — a volume-weighted average of daily closes over 157 sessions, not a true tick-by-tick VWAP. | +20.6% |
|---|
Price levels it has turned at before
SAFT last closed at $103.59 on 2026-08-21. Since 2024-08-21 it has turned at 10 prices below its last close and 0 above; the 3 nearest below are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $89.60 | Support | 13.5% below the last close | turned there three times · 2024-08-29 to 2024-12-05 |
| $84.43 | Support | 18.5% below the last close | turned there three times · 2024-09-18 to 2025-05-20 |
| $82.80 | Support | 20.1% below the last close | turned there three times · 2024-09-27 to 2025-01-03 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
Its recent swings can be read as a five-part upward sequence — what Elliott-wave chartists call an impulse — now in leg 3 of five.
This labelling fails — stops being a possible reading at all — if it closes below $70.81.
This is one of several labellings that fit the same swings, so treat it as a reading rather than the reading. It was chosen from 2 labellings that survived the rules, counting shorter readings of the same bars.
On past moves of this shape the leg has usually ended somewhere between $81.83 and $88.63 — that is where it has tended to end if the count holds, not a forecast of where the price goes.
Alternate reading: The same swings also read as a three-part correction in leg C, which fails on a close below $70.81.
This labelling was already in place when we began recording count changes on 2026-08-12, so how long it has stood is not something we can say yet.
Read from daily closes as of 2026-08-21.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Trading above the 200-day moving average · Recent golden cross (50-day crossed above 200-day) · Tested and reclaimed 200-day support · Overbought (14-day RSI above 70) · Near the 52-week high · Broke out to a new 20-day high | Learn: moving average · golden cross · adx · rsi · macd · breakout · all time high · bollinger bands · volume and relative volume
Based on daily closing prices as of 2026-08-21. Describes past price behavior only — informational, not financial advice.
Key risks (from latest filing)
["Concentration risk: operating exclusively in Massachusetts, New Hampshire, and Maine exposes the company to regional economic downturns and natural disasters affecting a limited geographic footprint.","Loss reserves and underwriting risk: increased losses and loss adjustment expenses (up to $813M as of Q1 2026) and unfavorable claims experience could erode profitability and capital.","Competition from national carriers: competition with larger national insurance carriers and other regional providers for independent agent relationships and market share."]
What changed in the latest 10-Q
AI-assisted comparison of SAFT's 10-Q filed 2026-05-08 against the prior one filed 2025-11-07.
Management's Discussion & Analysis (MD&A)
The two filings could not be meaningfully compared for this section.
Risk Factors
- Added:
- In newer filing (2026-05-08): Balance sheet now shows March 31, 2026 and December 31, 2025 comparison periods instead of September 30, 2025 and December 31, 2024
- In newer filing (2026-05-08): Statement of Operations shows Three Months Ended March 31, 2026 and 2025 instead of Three Months and Nine Months Ended September 30, 2025 and 2024
- In newer filing (2026-05-08): Allowance for expected credit losses added to Fixed maturities line item ($348 thousand at March 31, 2026)
- In newer filing (2026-05-08): Short-term investments line item removed from balance sheet (was $0 and $19,975 in older filing)
- In newer filing (2026-05-08): Taxes recoverable line item added to balance sheet ($7,810 at March 31, 2026)
- In newer filing (2026-05-08): Taxes payable changed from $1,185 and $1,009 to $0 and $3,903
- In newer filing (2026-05-08): Short-term debt line removed; Long-term debt restructured to show $50,000 at both periods
- In newer filing (2026-05-08): Credit loss (expense) benefit line changed from benefit of $487 to expense of ($348)
- In newer filing (2026-05-08): Change in net unrealized gains on equity securities changed from $6,310 to ($11,497)
- In newer filing (2026-05-08): Net (loss) income of ($14,323) instead of $28,310 for comparable quarterly period
- In newer filing (2026-05-08): Income tax benefit of ($3,537) instead of expense of $7,900
- In newer filing (2026-05-08): Comprehensive (loss) income of ($24,527) instead of $38,775
- In newer filing (2026-05-08): Statements of Changes in Shareholders' Equity now shows 2025 vs 2026 quarterly periods instead of 2023-2024 multi-quarter comparison
- Removed:
- In older filing (2025-11-07): Nine Months Ended September 30 columns in Statement of Operations removed
- In older filing (2025-11-07): Nine Months Ended September 30 columns in Comprehensive Income Statement removed
- In older filing (2025-11-07): Multi-quarter rollforward in Statement of Changes in Shareholders' Equity (April-June 2024 and subsequent quarters) removed
- Reworded:
- Changed from 'Change in net unrealized gains on equity securities' in both filings; presentation of positive vs negative values altered but terminology unchanged
- Changed from 'Credit loss benefit (expense)' to 'Credit loss (expense) benefit' indicating reversal of line item order emphasis
- Notes:
- Comparison is between Q1 2026 10-Q (filed May 8, 2026) and Q3 2025 10-Q (filed November 7, 2025); different reporting periods limit direct comparability
- Risk Factors section header pages shown but actual risk factor content not provided in either document excerpt, so Risk Factors section itself cannot be assessed
- Financial statements reflect different fiscal periods (March 31, 2026 vs September 30, 2025), making year-over-year operational metrics not directly comparable
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
0 open-market purchases and 6 open-market sales by insiders in the last 90 days.
- Last 30 days0 buys · 2 sells ($128M) — 1 selling insider
- Last 90 days0 buys · 6 sells ($135M) — 1 selling insider
- Last 180 days0 buys · 8 sells ($136M) — 1 selling insider
Activity heuristic: net selling (a transparent product heuristic from the counts above, not a prediction or advice)
Most recent open-market transaction: 2026-07-27. As of 2026-08-24.
View full insider trading history → View SEC Form 3/4/5 filingsAsk about SAFT's insider activity →
Only open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Institutional ownership (13F)
5 institutional 13F filers reported holding SAFT as of 2026-03-31 (quarter-end position, filed within 45 days).
- Distinct 13F filers 5
- Reported shares held 3,158,026
- Reported value $229,399,024
reported quarterly holdings change (2025-12-31 → 2026-03-31): 0 new, 4 increased, 1 decreased, 0 exited. Change counts cover only managers that filed 13F reports in BOTH quarters, derived between two quarter-end snapshots — not same-day trades; a single manager is never said to have "bought" or "sold".
Institutional holdings are quarter-end long positions reported on SEC Form 13F-HR, filed up to 45 days after the quarter ends — they are delayed, are not real-time trades, exclude short positions and most non-US securities, and are not investment advice. Any increase/decrease is a reported change between two quarterly snapshots, not a same-day purchase or sale. These are quarter-end snapshots from the 13F filings on SEC EDGAR, filed within 45 days — not real-time, and any change is a difference between two quarterly reports, not a same-day trade. Informational only — not financial advice.
Short interest (FINRA)
SAFT had 346,834 shares of reported short interest as of the 2026-07-31 FINRA settlement date (delayed, bi-monthly; not real-time).
SAFT had 2.36% of its shares outstanding sold short as of the 2026-07-31 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 1 days to cover at the same settlement.
- Reported short interest (shares) 346,834
- Short interest (% of shares outstanding) 2.36%
- Prior settlement (shares) 308,126
- Reported change 12.56%
- Days to cover (reported) 1
Reported to FINRA as of the 2026-07-31 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- National General Holdings Corp
- Progressive Corporation
- State Farm
- GEICO (Berkshire subsidiary)
- Allstate Corporation
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
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Frequently asked questions
What does SAFETY INSURANCE GROUP INC (SAFT) do?
Safety Insurance Group is a regional property and casualty insurer operating exclusively in Massachusetts, New Hampshire, and Maine through its insurance subsidiaries. The company is the fourth-largest private passenger auto carrier, the largest commercial auto carrier, and the third-largest homeowners insurer in Massachusetts, with a strong network of 797 independent agents in 1,063 locations.
What sector is SAFETY INSURANCE GROUP INC (SAFT) in?
SAFETY INSURANCE GROUP INC (SAFT) is classified in the Financials sector. Its industry is Regional property and casualty insurance. It trades on NASDAQ.
Does SAFT pay a dividend?
Yes — SAFETY INSURANCE GROUP INC (SAFT) pays a dividend, with an indicated yield of about 4.68% and at least 5 years of non-decreasing per-share dividends (SEC EDGAR XBRL) — we do not hold the year before it, so the real streak may be longer (market data, as of 2026-08-24). Informational only — not financial advice.
Who are SAFETY INSURANCE GROUP INC's (SAFT) competitors?
Notable peers of SAFETY INSURANCE GROUP INC (SAFT) include National General Holdings Corp, Progressive Corporation, State Farm, GEICO (Berkshire subsidiary) and Allstate Corporation. This peer set is informational only — not financial advice.
Is SAFETY INSURANCE GROUP INC (SAFT) overbought or oversold right now?
SAFETY INSURANCE GROUP INC (SAFT) is currently in overbought territory (its 14-day RSI is 83, above 70) (as of 2026-08-21). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on SAFT come from?
Fundamentals and prices come from market data, as of 2026-08-24; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: market data, as of 2026-08-24. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-08-21.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.