Comparing Corebridge Financial (NYSE:CRBG) and Safety Insurance Group (NASDAQ:SAFT)

Safety Insurance Group (NASDAQ:SAFT) and Corebridge Financial (NYSE:CRBG) are both finance companies, but which is the better stock? We will compare the two companies based on the strength of their profitability, analyst recommendations, valuation, institutional ownership, dividends, earnings and risk.

Dividends

Safety Insurance Group pays an annual dividend of $3.68 per share and has a dividend yield of 3.6%. Corebridge Financial pays an annual dividend of $1.00 per share and has a dividend yield of 2.9%. Safety Insurance Group pays out 79.3% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Corebridge Financial pays out 58.5% of its earnings in the form of a dividend. Corebridge Financial has raised its dividend for 1 consecutive years.

Earnings and Valuation

This table compares Safety Insurance Group and Corebridge Financial”s top-line revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Safety Insurance Group	$1.26 billion	1.20	$99.25 million	$4.64	22.28
Corebridge Financial	$20.46 billion	0.74	-$366.00 million	$1.71	19.92

Safety Insurance Group has higher earnings, but lower revenue than Corebridge Financial. Corebridge Financial is trading at a lower price-to-earnings ratio than Safety Insurance Group, indicating that it is currently the more affordable of the two stocks.

Institutional & Insider Ownership

81.0% of Safety Insurance Group shares are held by institutional investors. Comparatively, 98.3% of Corebridge Financial shares are held by institutional investors. 2.2% of Safety Insurance Group shares are held by company insiders. Comparatively, 0.3% of Corebridge Financial shares are held by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company is poised for long-term growth.

Volatility and Risk

Safety Insurance Group has a beta of 0.16, indicating that its stock price is 84% less volatile than the S&P 500. Comparatively, Corebridge Financial has a beta of 1.08, indicating that its stock price is 8% more volatile than the S&P 500.

Profitability

This table compares Safety Insurance Group and Corebridge Financial’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Safety Insurance Group	5.33%	7.23%	2.58%
Corebridge Financial	4.37%	17.37%	0.52%

Analyst Ratings

This is a breakdown of current ratings and target prices for Safety Insurance Group and Corebridge Financial, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Safety Insurance Group	0	1	1	0	2.50
Corebridge Financial	0	6	9	0	2.60

Corebridge Financial has a consensus price target of $37.42, indicating a potential upside of 9.86%. Given Corebridge Financial’s stronger consensus rating and higher possible upside, analysts clearly believe Corebridge Financial is more favorable than Safety Insurance Group.

Summary

Corebridge Financial beats Safety Insurance Group on 9 of the 17 factors compared between the two stocks.

About Safety Insurance Group

Safety Insurance Group, Inc. provides private passenger and commercial automobile, and homeowner insurance in the United States. The company’s private passenger automobile policies offer coverage for bodily injury and property damage to others, no-fault personal injury coverage for the insured/insured’s car occupants, and physical damage coverage for an insured’s own vehicle for collision or other perils. It also provides commercial automobile policies that offer insurance for commercial vehicles used for business purposes, including private passenger-type vehicles, trucks, tractors and trailers, insure individual vehicles, and commercial fleets; and homeowners policies, which provide coverage for homes, condominiums, and apartments for losses to a dwelling and its contents from various perils, and coverage for liability to others arising from ownership or occupancy. In addition, the company offers business owners policies that cover apartments and residential condominiums, restaurants, office condominiums, processing and services businesses, special trade contractors, and wholesalers. Further, it provides personal umbrella policies, which provide personal excess liability coverage over and above the limits of individual automobile, watercraft, and homeowner’s insurance policies; and commercial umbrella, which offers an excess liability product to clients, as well as underwrites dwelling fire insurance for non-owner-occupied residences. Additionally, the company offers inland marine coverage for homeowners and business owner policies, and watercraft coverage for small and medium sized pleasure crafts. It distributes its products through independent agents. The company was formerly known as Safety Holdings Inc and changed its name to Safety Insurance Group, Inc. in April 2002. Safety Insurance Group, Inc. was founded in 1979 and is headquartered in Boston, Massachusetts.

About Corebridge Financial

Corebridge Financial, Inc. provides retirement solutions and insurance products in the United States. The company operates through Individual Retirement, Group Retirement, Life Insurance, and Institutional Markets segments. The Individual Retirement segment provides fixed annuities, fixed index annuities, variable annuities, and retail mutual funds. The Group Retirement segment offers record-keeping services, plan administration and compliance services, and financial planning and advisory solutions to employer-defined contribution plans and their participants, as well as proprietary and non-proprietary annuities, advisory services, and brokerage products. The Life Insurance segment offers term life and universal life insurance in the United States, as well as issues individual life, whole life, and group life insurance in the United Kingdom; and distributes medical insurance in Ireland. The Institutional Markets segment provides stable value wraps, structured settlement and pension risk transfer annuities, corporate and bank owned life insurance, private placement variable universal life and annuities products, and guaranteed investment contracts. The company was formerly known as SAFG Retirement Services, Inc. Corebridge Financial, Inc. was incorporated in 1998 and is headquartered in Houston, Texas. The company operates as a subsidiary of American International Group, Inc.