Safety Insurance (SAFT)
Market Price (3/28/2026): $72.62 | Market Cap: $1.1 BilSector: Financials | Industry: Property & Casualty Insurance
Safety Insurance (SAFT)
Market Price (3/28/2026): $72.62Market Cap: $1.1 BilSector: FinancialsIndustry: Property & Casualty Insurance
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 14%, Dividend Yield is 5.1%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 10%, FCF Yield is 18% | Weak multi-year price returns2Y Excs Rtn is -23%, 3Y Excs Rtn is -46% | Key risksSAFT key risks include [1] a high geographical concentration of its business in the northeastern United States. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -67% | ||
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 16%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 15% | ||
| Low stock price volatilityVol 12M is 21% | ||
| Megatrend and thematic driversMegatrends include Future of Insurance. Themes include Digital Claims Processing, AI in Insurance Underwriting & Risk Assessment, and Climate Risk & Resilience in Insurance. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 14%, Dividend Yield is 5.1%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 10%, FCF Yield is 18% |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -67% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 16%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 15% |
| Low stock price volatilityVol 12M is 21% |
| Megatrend and thematic driversMegatrends include Future of Insurance. Themes include Digital Claims Processing, AI in Insurance Underwriting & Risk Assessment, and Climate Risk & Resilience in Insurance. |
| Weak multi-year price returns2Y Excs Rtn is -23%, 3Y Excs Rtn is -46% |
| Key risksSAFT key risks include [1] a high geographical concentration of its business in the northeastern United States. |
Qualitative Assessment
AI Analysis | Feedback
Safety Insurance (SAFT) stock has remained largely at the same level since 11/30/2025 because of the following key factors:
1. Strong Financial Performance and Shareholder Returns, Offset by Decelerating Premium Growth. Safety Insurance demonstrated robust financial results in Q4 and full-year 2025, with net income for Q4 2025 surging by nearly 148% to $20.1 million ($1.36 diluted EPS) compared to Q4 2024, and full-year 2025 net income increasing by 40% to $99.3 million ($6.70 diluted EPS). The company also achieved underwriting profitability with a combined ratio of 99.0% for the full year 2025, and its book value per share rose by 9.2% to $60.98. Additionally, Safety Insurance resumed share repurchases, buying back $20 million of shares in Q4 2025, and maintained a quarterly dividend of $0.92 per share, reflecting confidence in its financial health. However, this positive momentum was tempered by a significant deceleration in direct written premium growth to 2.6% in Q4 2025, down from approximately 19% at the end of 2024, indicating a fading revenue tailwind or intentional exposure reduction. Inflationary impacts on the private passenger automobile book also contributed to a $14.7 million increase in losses for Q4 2025.
2. Ambivalent Macroeconomic and Insurance Sector Outlook. The broader economic environment and the insurance sector presented a balanced outlook, contributing to the stock's stability. Global GDP growth is projected to slow to 3.1% in 2026, with inflation declining, but persistent uncertainty and geopolitical risks remain. The overall insurance sector outlook for 2026 is stable, with non-life insurance, Safety's primary business, expected to see moderate premium growth of 5.37%. While investment yields, such as 10-year Treasury yields remaining above 4% throughout 2025 and into 2026, provided some support for insurer investment income, potential federal interest rate cuts could limit future gains. Furthermore, the property and casualty insurance sector continues to face headwinds from weather-related losses. These offsetting factors from the macroeconomic and sector landscapes likely contributed to the stock's relatively flat movement.
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1. Strong Financial Performance and Shareholder Returns, Offset by Decelerating Premium Growth. Safety Insurance demonstrated robust financial results in Q4 and full-year 2025, with net income for Q4 2025 surging by nearly 148% to $20.1 million ($1.36 diluted EPS) compared to Q4 2024, and full-year 2025 net income increasing by 40% to $99.3 million ($6.70 diluted EPS). The company also achieved underwriting profitability with a combined ratio of 99.0% for the full year 2025, and its book value per share rose by 9.2% to $60.98. Additionally, Safety Insurance resumed share repurchases, buying back $20 million of shares in Q4 2025, and maintained a quarterly dividend of $0.92 per share, reflecting confidence in its financial health. However, this positive momentum was tempered by a significant deceleration in direct written premium growth to 2.6% in Q4 2025, down from approximately 19% at the end of 2024, indicating a fading revenue tailwind or intentional exposure reduction. Inflationary impacts on the private passenger automobile book also contributed to a $14.7 million increase in losses for Q4 2025.
2. Ambivalent Macroeconomic and Insurance Sector Outlook. The broader economic environment and the insurance sector presented a balanced outlook, contributing to the stock's stability. Global GDP growth is projected to slow to 3.1% in 2026, with inflation declining, but persistent uncertainty and geopolitical risks remain. The overall insurance sector outlook for 2026 is stable, with non-life insurance, Safety's primary business, expected to see moderate premium growth of 5.37%. While investment yields, such as 10-year Treasury yields remaining above 4% throughout 2025 and into 2026, provided some support for insurer investment income, potential federal interest rate cuts could limit future gains. Furthermore, the property and casualty insurance sector continues to face headwinds from weather-related losses. These offsetting factors from the macroeconomic and sector landscapes likely contributed to the stock's relatively flat movement.
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Stock Movement Drivers
Fundamental Drivers
The -2.0% change in SAFT stock from 11/30/2025 to 3/27/2026 was primarily driven by a -14.5% change in the company's P/E Multiple.| (LTM values as of) | 11302025 | 3272026 | Change |
|---|---|---|---|
| Stock Price ($) | 74.21 | 72.71 | -2.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,223 | 1,254 | 2.5% |
| Net Income Margin (%) | 7.1% | 7.9% | 11.0% |
| P/E Multiple | 12.5 | 10.7 | -14.5% |
| Shares Outstanding (Mil) | 15 | 15 | 0.7% |
| Cumulative Contribution | -2.0% |
Market Drivers
11/30/2025 to 3/27/2026| Return | Correlation | |
|---|---|---|
| SAFT | -2.0% | |
| Market (SPY) | -5.3% | -0.6% |
| Sector (XLF) | -10.0% | 15.0% |
Fundamental Drivers
The 1.9% change in SAFT stock from 8/31/2025 to 3/27/2026 was primarily driven by a 11.1% change in the company's Net Income Margin (%).| (LTM values as of) | 8312025 | 3272026 | Change |
|---|---|---|---|
| Stock Price ($) | 71.35 | 72.71 | 1.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,191 | 1,254 | 5.3% |
| Net Income Margin (%) | 7.1% | 7.9% | 11.1% |
| P/E Multiple | 12.4 | 10.7 | -13.5% |
| Shares Outstanding (Mil) | 15 | 15 | 0.7% |
| Cumulative Contribution | 1.9% |
Market Drivers
8/31/2025 to 3/27/2026| Return | Correlation | |
|---|---|---|
| SAFT | 1.9% | |
| Market (SPY) | 0.6% | 0.3% |
| Sector (XLF) | -10.8% | 27.4% |
Fundamental Drivers
The 1.4% change in SAFT stock from 2/28/2025 to 3/27/2026 was primarily driven by a 24.2% change in the company's Net Income Margin (%).| (LTM values as of) | 2282025 | 3272026 | Change |
|---|---|---|---|
| Stock Price ($) | 71.74 | 72.71 | 1.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,110 | 1,254 | 13.0% |
| Net Income Margin (%) | 6.4% | 7.9% | 24.2% |
| P/E Multiple | 14.9 | 10.7 | -28.1% |
| Shares Outstanding (Mil) | 15 | 15 | 0.4% |
| Cumulative Contribution | 1.4% |
Market Drivers
2/28/2025 to 3/27/2026| Return | Correlation | |
|---|---|---|
| SAFT | 1.4% | |
| Market (SPY) | 9.8% | 20.5% |
| Sector (XLF) | -7.1% | 37.9% |
Fundamental Drivers
The 3.7% change in SAFT stock from 2/28/2023 to 3/27/2026 was primarily driven by a 59.7% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 2282023 | 3272026 | Change |
|---|---|---|---|
| Stock Price ($) | 70.14 | 72.71 | 3.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 785 | 1,254 | 59.7% |
| Net Income Margin (%) | 5.9% | 7.9% | 33.4% |
| P/E Multiple | 22.0 | 10.7 | -51.3% |
| Shares Outstanding (Mil) | 15 | 15 | -0.2% |
| Cumulative Contribution | 3.7% |
Market Drivers
2/28/2023 to 3/27/2026| Return | Correlation | |
|---|---|---|
| SAFT | 3.7% | |
| Market (SPY) | 69.4% | 19.9% |
| Sector (XLF) | 40.5% | 44.8% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| SAFT Return | 14% | 3% | -5% | 13% | -1% | -5% | 19% |
| Peers Return | 15% | 18% | 6% | 35% | 13% | -1% | 117% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -5% | 72% |
Monthly Win Rates [3] | |||||||
| SAFT Win Rate | 42% | 58% | 42% | 42% | 42% | 33% | |
| Peers Win Rate | 50% | 60% | 58% | 68% | 57% | 33% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 33% | |
Max Drawdowns [4] | |||||||
| SAFT Max Drawdown | -6% | -6% | -19% | -3% | -15% | -7% | |
| Peers Max Drawdown | -6% | -3% | -17% | -0% | -7% | -7% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -5% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: THG, TRV, ALL, PGR, CB.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/27/2026 (YTD)
How Low Can It Go
| Event | SAFT | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -33.4% | -25.4% |
| % Gain to Breakeven | 50.1% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -29.2% | -33.9% |
| % Gain to Breakeven | 41.3% | 51.3% |
| Time to Breakeven | 830 days | 148 days |
| 2018 Correction | ||
| % Loss | -20.3% | -19.8% |
| % Gain to Breakeven | 25.5% | 24.7% |
| Time to Breakeven | 178 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -44.1% | -56.8% |
| % Gain to Breakeven | 78.9% | 131.3% |
| Time to Breakeven | 1,521 days | 1,480 days |
Compare to THG, TRV, ALL, PGR, CB
In The Past
Safety Insurance's stock fell -33.4% during the 2022 Inflation Shock from a high on 7/1/2022. A -33.4% loss requires a 50.1% gain to breakeven.
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About Safety Insurance (SAFT)
Safety Insurance Group, Inc. provides private passenger and commercial automobile, and homeowner insurance in the United States. The company's private passenger automobile policies offer coverage for bodily injury and property damage to others, no-fault personal injury coverage for the insured/insured's car occupants, and physical damage coverage for an insured's own vehicle for collision or other perils. It also provides commercial automobile policies that offer insurance for commercial vehicles used for business purposes, including private passenger-type vehicles, trucks, tractors and trailers, insure individual vehicles, and commercial fleets; and homeowners policies, which provide coverage for homes, condominiums, and apartments for losses to a dwelling and its contents from various perils, and coverage for liability to others arising from ownership or occupancy. In addition, the company offers business owners policies that cover apartments and residential condominiums, restaurants, office condominiums, processing and services businesses, special trade contractors, and wholesalers. Further, it provides personal umbrella policies, which provide personal excess liability coverage over and above the limits of individual automobile, watercraft, and homeowner's insurance policies; and commercial umbrella and business owner policies, as well as underwrites dwelling fire insurance for non-owner-occupied residences. Additionally, the company offers inland marine coverage for homeowners and business owner policies, and watercraft coverage for small and medium sized pleasure crafts. It distributes its products through independent agents. The company was formerly known as Safety Holdings Inc and changed its name to Safety Insurance Group, Inc. in April 2002. Safety Insurance Group, Inc. was founded in 1979 and is headquartered in Boston, Massachusetts.
AI Analysis | Feedback
Here are a few analogies for Safety Insurance (SAFT):
- It's like a regional Travelers.
- Think of it as an insurer similar to a localized Nationwide.
AI Analysis | Feedback
- Private Passenger Automobile Insurance: Offers coverage for personal vehicles, including bodily injury, property damage, and physical damage.
- Commercial Automobile Insurance: Provides insurance for vehicles used for business purposes, ranging from individual cars to commercial fleets.
- Homeowners Insurance: Covers homes, condominiums, and apartments against property losses and liability claims.
- Business Owners Policies (BOPs): Comprehensive packages offering property and liability coverage for various types of businesses.
- Umbrella Insurance: Provides excess liability coverage over and above the limits of other personal or commercial insurance policies.
- Dwelling Fire Insurance: Underwrites insurance for non-owner-occupied residences against fire and other perils.
- Inland Marine Coverage: Offers specialized property coverage often supplementing homeowners or business owner policies.
- Watercraft Coverage: Provides insurance for small and medium-sized pleasure boats.
AI Analysis | Feedback
Safety Insurance Group, Inc. (SAFT) sells insurance policies directly to both individuals and businesses. Based on the description, a substantial portion of its offerings, such as private passenger automobile and homeowner insurance, are targeted towards individual consumers. Therefore, the company primarily serves a broad base of individual and commercial policyholders.
The up to three major categories of customers that Safety Insurance serves are:
- Individual Policyholders: This category includes individuals who purchase policies for their personal needs, such as private passenger automobile insurance, homeowner insurance (for homes, condominiums, and apartments), personal umbrella liability policies, and watercraft coverage.
- Commercial Policyholders (Businesses): This category encompasses various businesses that acquire insurance for commercial vehicles, business owners policies (for entities like restaurants, office condominiums, contractors, wholesalers, and processing/services businesses), and commercial umbrella policies.
- Owners of Non-Owner-Occupied Residences: This category includes individuals or entities that own residential properties which they do not occupy themselves, such as rental properties, for which they purchase dwelling fire insurance.
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George M. Murphy, Chairman of the Board, President, and Chief Executive Officer
Mr. Murphy joined Safety Insurance in 1989 and has held various positions of increasing responsibility within the marketing department, serving as Vice President of Marketing from October 2005. He was appointed President and Chief Executive Officer in April 2016, and subsequently elected Chairman of the Board in May 2023.
Christopher T. Whitford, Vice President, Chief Financial Officer, Principal Accounting Officer, and Secretary
Mr. Whitford joined Safety Insurance in 2012 as a Senior Financial Analyst. He was promoted to Controller in September 2013 and became Chief Financial Officer in March 2020. Prior to joining Safety Insurance, he worked at PwC as a Manager from 2005 to 2012. He holds a Master's degree in Accounting from the University of Maine, which he completed between 2000 and 2005.
John P. Drago, Vice President of Marketing
Mr. Drago is responsible for developing and implementing the company's marketing and brand strategies. He oversees initiatives focused on increasing brand awareness, customer acquisition, and customer retention, leveraging his expertise in market analysis and strategic marketing planning.
Brian S. Lam, Vice President of Insurance Operations
Mr. Lam is responsible for the strategic direction and operational execution of Safety Insurance's business lines. His role encompasses overseeing key aspects of insurance operations, including policy administration, claims management, and customer service, with a focus on optimizing processes for effectiveness and customer satisfaction.
Mary F. McConnell, Vice President of Underwriting
Ms. McConnell leads the underwriting function, which includes developing and implementing underwriting guidelines, pricing strategies, and risk selection processes. She ensures that the company maintains a strong and profitable book of business by effectively assessing and managing risk.
AI Analysis | Feedback
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Catastrophe Risk
Safety Insurance, as a provider of homeowner and commercial property insurance, is significantly exposed to the risk of large-scale natural disasters such as hurricanes, severe storms, and other weather-related events. A single catastrophic event, or a series of events, could lead to a substantial increase in claims, resulting in significant financial losses and negatively impacting the company's profitability and solvency.
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Underwriting and Claims Cost Risk
The profitability of Safety Insurance is heavily dependent on its ability to accurately assess and price risks, as well as effectively manage claims costs. Inaccurate underwriting, which involves misjudging the likelihood and severity of future claims, can lead to insufficient premium collection relative to payouts. Furthermore, rising costs for automobile repairs, medical treatments for bodily injuries, and construction materials for property damage can lead to claims inflation, increasing the company's liabilities and eroding profit margins.
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Regulatory and Competitive Environment
Safety Insurance operates within a highly regulated industry. Changes in state insurance regulations, including rate approval processes, mandated coverages, or consumer protection laws, can limit the company's ability to adjust pricing, introduce new products, or manage its operations efficiently. Additionally, the property and casualty insurance market is competitive, with numerous participants vying for market share. Intense price competition or the emergence of new business models could put pressure on premiums and underwriting profitability, making it challenging for Safety Insurance to maintain or grow its market position.
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The continued emergence and growth of direct-to-consumer digital insurance platforms (Insurtechs) that leverage advanced technology and data analytics to offer a streamlined, often lower-cost alternative to traditional agent-based insurance models. This trend can bypass Safety Insurance's established independent agent distribution channel and appeal to a growing segment of consumers who prefer digital interactions and potentially lower premiums, directly challenging SAFT's market share and profitability.
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Here are the addressable markets for Safety Insurance's main products and services in the U.S. region:- Private Passenger Automobile Insurance: The U.S. private passenger automobile insurance market had direct premiums written of approximately $359.51 billion in 2024.
- Commercial Automobile Insurance: The U.S. commercial auto insurance market recorded approximately $61.6 billion in direct written premiums in 2024.
- Homeowner Insurance: The United States homeowners insurance market size is expected to be approximately $175.60 billion in 2025.
- Business Owners Policies (BOP): The U.S. small business insurance market, which includes Business Owners Policies, is projected to reach approximately $5.1 billion by 2025.
- Personal Umbrella Policies: The global umbrella insurance market is projected to reach $73.4 billion by the end of 2025. North America accounts for approximately 60% of the global market share, and personal umbrella insurance dominates this market segment. Therefore, the addressable market for personal umbrella policies in the U.S. is a significant portion of the North American market, which would be approximately $44 billion in 2025.
- Commercial Umbrella Policies: The U.S. Commercial Umbrella Insurance Market is projected to reach approximately $13.2 billion by 2034.
- Dwelling Fire Insurance: The U.S. fire insurance market size was approximately $27.60 billion in 2024.
- Inland Marine Coverage: The U.S. Inland Marine Insurance market size was valued at approximately $12.6 billion in 2024.
- Watercraft Coverage: The U.S. boat and yacht insurance market is expected to exceed $2.6 billion by 2032. The boat insurance segment alone accounted for over $1.7 billion in 2023.
AI Analysis | Feedback
Safety Insurance (SAFT) is expected to drive future revenue growth over the next 2-3 years through several key strategies: * **Strategic Rate Adjustments:** Safety Insurance has been, and plans to continue, implementing strategic rate adjustments across its private passenger automobile, commercial automobile, and homeowners lines. These adjustments aim to improve financial performance and maintain profitability, leading to increased average written premiums per policy. The company reported an 8.1% increase in average written premium per policy in private passenger automobile, 4.6% in commercial automobile, and 9.7% in homeowners lines for the year ended December 31, 2025, compared to the same period in 2024. * **Growth in Policy Counts and Customer Acquisition:** A core component of Safety Insurance's growth strategy involves increasing policy sales and achieving organic growth in its customer base within its existing operational regions. The company demonstrated successful organic expansion, with an 8.5% increase in overall policy counts in 2024. * **Deepening Market Penetration in Established States:** Rather than broad geographical diversification, Safety Insurance is focused on strengthening its market share within its existing territories of Massachusetts, New Hampshire, and Maine. This concentrated approach aims to maximize penetration in these key markets where it is already a leading carrier. * **Introduction of New Products and Services:** Safety Insurance plans to enhance its product offerings by introducing new lines and forms of insurance products. This expansion of its portfolio can open new revenue streams and cater to evolving customer needs. * **Investment in Technology and Operational Efficiency:** The company is investing in advanced technology and information systems, including the development of virtual assistants and the implementation of GenAI applications for data extraction. These technological advancements are intended to provide agents with state-of-the-art tools and enhance customer experience and operational efficiency, which can indirectly contribute to revenue growth through improved service and agent productivity.AI Analysis | Feedback
Share Repurchases
- Safety Insurance Group repurchased $20 million of shares during the fourth quarter ended December 31, 2025.
- The company's stock buyback program was set to resume following its third-quarter 2025 results.
- Safety Insurance Group had an existing Equity Buyback Plan, initially announced on August 3, 2007, which has seen tranche updates.
Share Issuance
- On February 25, 2026, a director of Safety Insurance Group Inc., Mary Coffey Moran, received an equity grant of 1,083 shares of restricted common stock.
Capital Expenditures
- Safety Insurance Group, Inc. reported net cash from continuing investing activities at -$42.43 million for the fourth quarter of 2025, reflecting ongoing capital deployment.
- As of February 27, 2026, the company's free cash flow growth was -16.40%, which tracks cash generated after capital expenditures.
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| 07312022 | SAFT | Safety Insurance | Quality | Q | Momentum | UpsideQuality Stocks with Momentum and UpsideBuying quality stocks with strong momentum but still having room to run | -0.4% | -13.1% | -20.0% |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 200.78 |
| Mkt Cap | 57.9 |
| Rev LTM | 54,444 |
| Op Inc LTM | - |
| FCF LTM | 10,244 |
| FCF 3Y Avg | 8,326 |
| CFO LTM | 10,358 |
| CFO 3Y Avg | 8,443 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 6.3% |
| Rev Chg 3Y Avg | 10.9% |
| Rev Chg Q | 6.8% |
| QoQ Delta Rev Chg LTM | 1.6% |
| Op Mgn LTM | - |
| Op Mgn 3Y Avg | - |
| QoQ Delta Op Mgn LTM | - |
| CFO/Rev LTM | 19.0% |
| CFO/Rev 3Y Avg | 15.7% |
| FCF/Rev LTM | 18.7% |
| FCF/Rev 3Y Avg | 15.4% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 57.9 |
| P/S | 1.1 |
| P/EBIT | 7.8 |
| P/E | 10.1 |
| P/CFO | 5.7 |
| Total Yield | 12.7% |
| Dividend Yield | 2.1% |
| FCF Yield 3Y Avg | 13.2% |
| D/E | 0.1 |
| Net D/E | -0.2 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -3.8% |
| 3M Rtn | -4.1% |
| 6M Rtn | -0.2% |
| 12M Rtn | -1.1% |
| 3Y Rtn | 63.9% |
| 1M Excs Rtn | 2.1% |
| 3M Excs Rtn | 3.3% |
| 6M Excs Rtn | 4.7% |
| 12M Excs Rtn | -12.4% |
| 3Y Excs Rtn | 5.4% |
Price Behavior
Price Behavior
| Market Price | $72.71 | |
| Market Cap ($ Bil) | 1.1 | |
| First Trading Date | 11/22/2002 | |
| Distance from 52W High | -8.7% | |
| 50 Days | 200 Days | |
| DMA Price | $75.70 | $72.95 |
| DMA Trend | indeterminate | down |
| Distance from DMA | -3.9% | -0.3% |
| 3M | 1YR | |
| Volatility | 19.5% | 20.5% |
| Downside Capture | -0.01 | 0.18 |
| Upside Capture | -42.91 | 16.73 |
| Correlation (SPY) | 0.9% | 22.1% |
SAFT Betas & Captures as of 2/28/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.33 | -0.06 | -0.07 | 0.02 | 0.23 | 0.30 |
| Up Beta | 0.23 | 0.37 | 0.29 | 0.74 | 0.31 | 0.40 |
| Down Beta | -0.23 | 0.28 | 0.17 | -0.14 | 0.16 | 0.19 |
| Up Capture | -40% | -39% | -19% | 1% | 14% | 8% |
| Bmk +ve Days | 9 | 20 | 31 | 70 | 142 | 431 |
| Stock +ve Days | 11 | 19 | 31 | 58 | 125 | 374 |
| Down Capture | -67% | -29% | -39% | -27% | 24% | 53% |
| Bmk -ve Days | 12 | 21 | 30 | 54 | 109 | 320 |
| Stock -ve Days | 10 | 22 | 30 | 65 | 123 | 374 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SAFT | |
|---|---|---|---|---|
| SAFT | -3.4% | 20.5% | -0.27 | - |
| Sector ETF (XLF) | -4.0% | 19.2% | -0.33 | 39.2% |
| Equity (SPY) | 14.5% | 18.9% | 0.59 | 22.2% |
| Gold (GLD) | 50.2% | 27.7% | 1.46 | -8.4% |
| Commodities (DBC) | 17.8% | 17.6% | 0.85 | -9.3% |
| Real Estate (VNQ) | 0.4% | 16.4% | -0.15 | 37.9% |
| Bitcoin (BTCUSD) | -21.0% | 44.0% | -0.41 | 2.7% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SAFT | |
|---|---|---|---|---|
| SAFT | 1.6% | 22.0% | 0.02 | - |
| Sector ETF (XLF) | 9.1% | 18.7% | 0.37 | 45.4% |
| Equity (SPY) | 11.8% | 17.0% | 0.54 | 25.5% |
| Gold (GLD) | 20.7% | 17.7% | 0.96 | -4.1% |
| Commodities (DBC) | 11.6% | 18.9% | 0.50 | 0.7% |
| Real Estate (VNQ) | 3.0% | 18.8% | 0.07 | 29.2% |
| Bitcoin (BTCUSD) | 4.7% | 56.6% | 0.30 | 6.6% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SAFT | |
|---|---|---|---|---|
| SAFT | 7.0% | 23.6% | 0.29 | - |
| Sector ETF (XLF) | 12.0% | 22.1% | 0.50 | 56.3% |
| Equity (SPY) | 14.0% | 17.9% | 0.67 | 44.0% |
| Gold (GLD) | 13.3% | 15.8% | 0.70 | -3.0% |
| Commodities (DBC) | 8.2% | 17.6% | 0.39 | 11.6% |
| Real Estate (VNQ) | 4.7% | 20.7% | 0.19 | 44.4% |
| Bitcoin (BTCUSD) | 66.9% | 66.8% | 1.06 | 8.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 2/25/2026 | -0.9% | -2.7% | -6.6% |
| 11/3/2025 | 3.1% | 13.0% | 11.1% |
| 8/6/2025 | 1.1% | 4.9% | 4.4% |
| 5/7/2025 | 1.4% | 3.9% | 5.1% |
| 2/25/2025 | -5.5% | -4.2% | 0.2% |
| 11/5/2024 | 10.7% | 8.6% | 10.4% |
| 8/7/2024 | -1.5% | 0.0% | 5.5% |
| 2/27/2024 | -4.0% | -7.2% | -3.4% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 13 | 14 | 17 |
| # Negative | 10 | 9 | 6 |
| Median Positive | 1.4% | 4.4% | 5.6% |
| Median Negative | -2.2% | -4.1% | -3.7% |
| Max Positive | 10.7% | 13.0% | 11.1% |
| Max Negative | -7.8% | -7.2% | -17.0% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 02/27/2026 | 10-K |
| 09/30/2025 | 11/07/2025 | 10-Q |
| 06/30/2025 | 08/08/2025 | 10-Q |
| 03/31/2025 | 05/09/2025 | 10-Q |
| 12/31/2024 | 02/27/2025 | 10-K |
| 09/30/2024 | 11/08/2024 | 10-Q |
| 06/30/2024 | 08/09/2024 | 10-Q |
| 03/31/2024 | 05/09/2024 | 10-Q |
| 12/31/2023 | 02/28/2024 | 10-K |
| 09/30/2023 | 11/03/2023 | 10-Q |
| 06/30/2023 | 08/04/2023 | 10-Q |
| 03/31/2023 | 05/05/2023 | 10-Q |
| 12/31/2022 | 02/28/2023 | 10-K |
| 09/30/2022 | 11/04/2022 | 10-Q |
| 06/30/2022 | 08/05/2022 | 10-Q |
| 03/31/2022 | 05/06/2022 | 10-Q |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Hiltpold, Glenn | VP OF ACTUARIAL SERVICES | Direct | Buy | 9182025 | 71.73 | 55 | 3,945 | 940,302 | Form |
| 2 | Langwell, Dennis J | Direct | Buy | 9052025 | 72.39 | 2,000 | 144,780 | 579,120 | Form | |
| 3 | Langwell, Dennis J | Direct | Buy | 8112025 | 71.49 | 2,000 | 142,980 | 428,940 | Form | |
| 4 | Srb, Corp | See | Sell | 2272026 | 78.29 | 2,147 | 168,089 | 143,491,609 | Form | |
| 5 | Srb, Corp | See | Sell | 2272026 | 78.36 | 11,487 | 900,107 | 142,731,327 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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