Safety Insurance Group saw its IBD SmartSelect Composite Rating rise to 96 Wednesday, up from 91 the day before.
The new score indicates the company is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria.
Safety Insurance Group is not currently near a proper buy zone. Look for the stock to form and break out of a new chart pattern. Keep in mind that it's a thinly traded stock, with average daily dollar volume under $8 million.
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One weak spot is the company's 77 EPS Rating, which tracks quarterly and annual earnings growth. Look for that to improve to 80 or better to show it's in the top 20% of all stocks.
Its Accumulation/Distribution Rating of C- shows a roughly equal amount of buying and selling by institutional investors over the last 13 weeks.
In Q4, the company posted 213% earnings-per-share growth. It has now posted accelerating EPS growth for two consecutive quarters. Sales growth fell to 11%, down from 29% in the prior quarter.
Safety Insurance Group holds the No. 11 rank among its peers in the Insurance-Property/Casualty/Title industry group. Goosehead Insurance Cl A, Skyward Specialty Ins and Investors Title are among the top 5 highly-rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
