Price
Target price
€67.00
€67.00
4.690%
3.0
4.690%
-
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Your prediction
Safety Insurance Group Inc. Stock
A very strong showing by Safety Insurance Group Inc. today, with an increase of €3.00 (4.690%) compared to yesterday's price.
Pros and Cons of Safety Insurance Group Inc. in the next few years
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Performance of Safety Insurance Group Inc. vs. its peers
| Security | Change(%) | 1w | 1m | 1y | YTD | 3y | 5y |
|---|---|---|---|---|---|---|---|
| Safety Insurance Group Inc. | 4.690% | 2.290% | 5.512% | -13.548% | 2.290% | -14.650% | 1.515% |
| Nmi Holdings Inc | -0.580% | -0.578% | 6.832% | 0.000% | -1.149% | 82.979% | 73.737% |
| United Insurance Holdings Corp | 1.600% | -5.446% | -6.373% | -19.748% | -9.048% | 973.034% | 95.697% |
| Heritage Insurance Holdings Inc | 3.510% | -7.143% | -4.098% | 107.080% | -7.143% | - | - |
Comments
A stock price increase for Safety Insurance Group could stem from rising insurance premiums following higher-than-expected claims due to severe weather or accident trends. Insurance companies often adjust their rates in response to increased claims to cover future liabilities, helping them manage risk and maintain profitability. For instance, when accident rates go up, insurers typically raise premiums across the board, which can boost revenue. Investors see this as a proactive financial strategy that supports the company’s bottom line, potentially driving the stock price higher.
Safety Insurance Group, Inc. (NASDAQ: SAFT) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.
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Ratings data for SAFT provided by MarketBeat
