Safety Insurance reports Q3 EPS $1.73, one estimate $1.40
Q3 Premium Growth: Direct written premiums increased by 19.1% year-over-year to $318.2 million, contributing to a 21.9% rise in top-line revenue for the nine months ending September 30, 2024.
Improved Financial Metrics: The combined ratio improved to 100.7% from 104.8% in the previous year, with ongoing increases in other revenue lines enhancing quarterly earnings per share and book value rising by 5.5%.
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Upcoming Ex-Dividend Dates for MidWestOne Financial Group, Safety Insurance Group, and KeyCorp
Upcoming Ex-Dividend Dates: MidWestOne Financial Group, Safety Insurance Group, and KeyCorp will trade ex-dividend on 12/1/25, with respective dividends of $0.2425, $0.92, and $0.205 payable on 12/15/25.
Expected Price Adjustments: Following the ex-dividend date, shares of MidWestOne Financial Group are expected to drop by approximately 0.61%, Safety Insurance Group by 1.19%, and KeyCorp by 1.11%.
Dividend Yield Estimates: The estimated annualized yields based on recent dividends are 2.42% for MidWestOne Financial Group, 4.78% for Safety Insurance Group, and 4.46% for KeyCorp.
Current Trading Performance: As of the latest trading day, shares of MidWestOne Financial Group, Safety Insurance Group, and KeyCorp have seen slight increases of 0.1%, 0.6%, and 0.2%, respectively.
"Disaster Preparedness for the Market: 5 Low-Volatility Dividends Offering Up to 8.6%"
Halloween Candy and Market Volatility: The author humorously reflects on the aftermath of Halloween candy consumption, drawing a parallel to market volatility and suggesting that investors should prepare their portfolios for potential downturns.
Low Beta Stocks as Safe Investments: The article emphasizes the appeal of low beta stocks, which are less volatile and can provide stability during market downturns, highlighting specific companies like Safety Insurance Group and Universal Corp. as examples.
Challenges Facing High-Yield Stocks: Despite their attractive yields, companies like Flowers Foods and Apple Hospitality REIT face significant challenges, including high debt and market sensitivity, which may affect their performance.
Monthly Dividend Portfolio Strategy: The author promotes a "9%+ Monthly Payer Portfolio" aimed at generating substantial income through stable, high-yield investments, suggesting that a smaller nest egg can still provide a comfortable retirement through dividends.
Safety Insurance Group Inc Reports Increase in Q3 Earnings
Quarterly Profit Increase: Safety Insurance Group Inc reported a third-quarter profit of $28.31 million, up from $25.88 million in the same period last year.
Earnings Per Share Growth: The earnings per share (EPS) rose to $1.91, compared to $1.73 in the previous year.
Adjusted Earnings: Excluding certain items, the adjusted earnings for the quarter were $21.88 million, or $1.48 per share.
Revenue Growth: The company's revenue increased by 10.6% to $326.62 million, up from $295.28 million in the prior year.
Insider Buying Update for Monday, September 8: SAFT, NTST
Insider Purchases at Safety Insurance Group: Dennis J. Langwell bought 2,000 shares of SAFT for $72.39 each, totaling $144,780, marking his second purchase in the past year.
NetSTREIT Investment by CEO: Mark Manheimer purchased 5,600 shares of NetSTREIT for $17.93 each, amounting to $100,436, following three previous investments totaling $190,082 over the past year.
Top 2 Financial Stocks That May Rocket Higher In Q3
Oversold Stocks Opportunity: The financial sector has several oversold stocks, particularly Primis Financial Corp and Safety Insurance Group Inc, which present potential buying opportunities as their RSI values are near or below 30, indicating they may be undervalued.
Recent Performance: Primis Financial's stock is down 1% year-to-date with an RSI of 17.8, while Safety Insurance's stock fell 8% over the past month with an RSI of 29.7, despite reporting better-than-expected quarterly earnings.
Relative Strength Alert For Safety Insurance Group
Stock Performance: Safety Insurance Group, Inc. (SAFT) shares have entered oversold territory with an RSI of 29.0, indicating potential buying opportunities for investors as the stock price has fallen to $72.54 per share.
Dividend Yield: The company offers an annualized dividend of $3.6 per share, translating to a yield of 4.88% based on the recent share price, making it attractive for dividend investors despite the current market conditions.
Upcoming Ex-Dividend Dates for MidWestOne Financial Group, Safety Insurance Group, and KeyCorp
Upcoming Ex-Dividend Dates: MidWestOne Financial Group, Safety Insurance Group, and KeyCorp will trade ex-dividend on 12/1/25, with respective dividends of $0.2425, $0.92, and $0.205 payable on 12/15/25.
Expected Price Adjustments: Following the ex-dividend date, shares of MidWestOne Financial Group are expected to drop by approximately 0.61%, Safety Insurance Group by 1.19%, and KeyCorp by 1.11%.
Dividend Yield Estimates: The estimated annualized yields based on recent dividends are 2.42% for MidWestOne Financial Group, 4.78% for Safety Insurance Group, and 4.46% for KeyCorp.
Current Trading Performance: As of the latest trading day, shares of MidWestOne Financial Group, Safety Insurance Group, and KeyCorp have seen slight increases of 0.1%, 0.6%, and 0.2%, respectively.
"Disaster Preparedness for the Market: 5 Low-Volatility Dividends Offering Up to 8.6%"
Halloween Candy and Market Volatility: The author humorously reflects on the aftermath of Halloween candy consumption, drawing a parallel to market volatility and suggesting that investors should prepare their portfolios for potential downturns.
Low Beta Stocks as Safe Investments: The article emphasizes the appeal of low beta stocks, which are less volatile and can provide stability during market downturns, highlighting specific companies like Safety Insurance Group and Universal Corp. as examples.
Challenges Facing High-Yield Stocks: Despite their attractive yields, companies like Flowers Foods and Apple Hospitality REIT face significant challenges, including high debt and market sensitivity, which may affect their performance.
Monthly Dividend Portfolio Strategy: The author promotes a "9%+ Monthly Payer Portfolio" aimed at generating substantial income through stable, high-yield investments, suggesting that a smaller nest egg can still provide a comfortable retirement through dividends.
Safety Insurance Group Inc Reports Increase in Q3 Earnings
Quarterly Profit Increase: Safety Insurance Group Inc reported a third-quarter profit of $28.31 million, up from $25.88 million in the same period last year.
Earnings Per Share Growth: The earnings per share (EPS) rose to $1.91, compared to $1.73 in the previous year.
Adjusted Earnings: Excluding certain items, the adjusted earnings for the quarter were $21.88 million, or $1.48 per share.
Revenue Growth: The company's revenue increased by 10.6% to $326.62 million, up from $295.28 million in the prior year.
Insider Buying Update for Monday, September 8: SAFT, NTST
Insider Purchases at Safety Insurance Group: Dennis J. Langwell bought 2,000 shares of SAFT for $72.39 each, totaling $144,780, marking his second purchase in the past year.
NetSTREIT Investment by CEO: Mark Manheimer purchased 5,600 shares of NetSTREIT for $17.93 each, amounting to $100,436, following three previous investments totaling $190,082 over the past year.
Top 2 Financial Stocks That May Rocket Higher In Q3
Oversold Stocks Opportunity: The financial sector has several oversold stocks, particularly Primis Financial Corp and Safety Insurance Group Inc, which present potential buying opportunities as their RSI values are near or below 30, indicating they may be undervalued.
Recent Performance: Primis Financial's stock is down 1% year-to-date with an RSI of 17.8, while Safety Insurance's stock fell 8% over the past month with an RSI of 29.7, despite reporting better-than-expected quarterly earnings.
Relative Strength Alert For Safety Insurance Group
Stock Performance: Safety Insurance Group, Inc. (SAFT) shares have entered oversold territory with an RSI of 29.0, indicating potential buying opportunities for investors as the stock price has fallen to $72.54 per share.
Dividend Yield: The company offers an annualized dividend of $3.6 per share, translating to a yield of 4.88% based on the recent share price, making it attractive for dividend investors despite the current market conditions.
