Safety Insurance Group, Inc. (NASDAQ:SAFT)

Worldwide disaster coverage by the media is pushing strong demand for underwriting and higher premiums.

Consistently well run, no reason that should change.

SA dividende payer

This company is a solid dividend growth prospect. Management refuses to be confined by the rules of lists like the dividend champions and will not raise the dividend for the sake of raising it. However, after a few years of keeping the dividend at a stable level due to the uncertain and fluctuating demands of the insurance market, SAFT returns a 20% increase in their dividend. I will take a company that has a prudent policy that raises what it believes is a sustainable dividend as opposed to a raise for a raises sake. This is a dividend you can trust in.

The recent bad winter and general downturn in the market has beaten down the price a bit. The dividend looks lovely at this price.

Solid Company, dividend payer

Close to 5% yield, on sale, well run. Pretty boring, too, and that always helps.

The stock price is low right now, the dividend is huge and if it stayed the same for five years, then it would give you over a 25% return all by itself.

Looks solide but undervalued

I like how they manage to stream cash back to shareholders consistently for a long period of time.
Holding this company will earn you 4.40 percent in dividend pre-tax, if you buy it now.
That is not earth-shattering, but somehow it feels good.

Real money. A ridiculously good buy now, especially if the expected dividend increase occurs this summer.

Good dividend growth, decent position in its market.

No debt a lot of cash high yield won't go down as much over the next 2-3 months and will come back strong

Nice dividend. Well run company should continue to yield gains in stock price.

How can this not be a $55 stock. Good Div.

This stock is ridiculous. Management bought back over 7% of the total shares outstanding during the first 9 months of 2009, get this... at a 14% discount to tangible book value per share! Safety doesn't look like it's going to manage much organic growth over the next few years but who cares? They can create EPS growth of 10% a year just by buying back shares on the cheap. Then, when earnings do pick up in a few years, watch out. Yeah, that 4.5% dividend is nice too.

Worst case scenario, this stock should be trading over $41 (its tangible book value per share). The only potential "catch" is that Safety operates in the competitive and heavily regulated Massachusetts auto industry (although this basically guarantees steady earnings). Bottom line: buying this stock is like paying $17 for a $20 bill.

nice dividend. this company prints money. Feels like a very safe play in a volatile market and potential acquisition target.

Below book. No debt.

SAFT has lagged the market's rise, with Price/Book Value around 0.91 there is plenty of upside with considerably less downside than the market now has.
Here's Safety Insurance's historical book value.