Safety Insurance Group Inc (SAFT) Files 10-K for the Fiscal Year Ended on December 31, 2017

GuruFocus.com

Wed, Feb 28, 2018, 7:48 PM

Safety Insurance Group Inc (SAFT) files its latest 10-K with SEC for the fiscal year ended on December 31, 2017. Safety Insurance Group Inc is a provider of private passenger automobile insurance in Massachusetts. It also offers property & casualty insurance products, including commercial automobile, homeowners, dwelling fire, umbrella and business owner policies. Safety Insurance Group Inc has a market cap of $1.09 billion; its shares were traded at around $71.35 with a P/E ratio of 17.20 and P/S ratio of 1.32. The dividend yield of Safety Insurance Group Inc stocks is 4.19%.

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For the last quarter Safety Insurance Group Inc reported a revenue of $213.6 million, compared with the revenue of $207.0 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $839.1 million, an increase of 2.4% from last year. For the last five years Safety Insurance Group Inc had an average revenue growth rate of 3.5% a year.

The reported diluted earnings per share was $4.1 for the year, a decline of 4% from the previous year. The Safety Insurance Group Inc had a decent operating margin of 10.33%, compared with the operating margin of 11.38% a year before. The 10-year historical median operating margin of Safety Insurance Group Inc is 11.67%. The profitability rank of the company is 5 (out of 10).

At the end of the fiscal year, Safety Insurance Group Inc has the cash and cash equivalents of $41.7 million, compared with $20.1 million in the previous year. The company had no long term debt. The interest coverage to the debt is at a comfortable level of 963.3. Safety Insurance Group Inc has a financial strength rank of 7 (out of 10).

At the current stock price of $71.35, Safety Insurance Group Inc is traded at 24.5% premium to its historical median P/S valuation band of $57.29. The P/S ratio of the stock is 1.32, while the historical median P/S ratio is 1.04. The stock gained 4.86% during the past 12 months.

For the complete 20-year historical financial data of SAFT, click here.

This article first appeared on GuruFocus.