Selective Insurance Group (NASDAQ:SIGI) is scheduled to release its earnings data after the market closes on Wednesday, October 30th. Analysts expect Selective Insurance Group to post earnings of $1.12 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.
Selective Insurance Group (NASDAQ:SIGI) last released its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.10. Selective Insurance Group had a net margin of 8.65% and a return on equity of 13.53%. The business had revenue of $708.20 million for the quarter, compared to analysts’ expectations of $707.83 million. During the same period in the previous year, the company earned $1.01 earnings per share. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, analysts expect Selective Insurance Group to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Selective Insurance Group stock opened at $71.70 on Tuesday. Selective Insurance Group has a fifty-two week low of $56.22 and a fifty-two week high of $81.35. The stock has a market cap of $4.30 billion, a PE ratio of 19.59, a price-to-earnings-growth ratio of 1.52 and a beta of 0.79. The firm’s 50-day simple moving average is $74.85 and its 200 day simple moving average is $74.75. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.32 and a current ratio of 0.32.
In other Selective Insurance Group news, Director William M. Rue sold 7,795 shares of Selective Insurance Group stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $77.64, for a total value of $605,203.80. Following the sale, the director now owns 337,804 shares of the company’s stock, valued at $26,227,102.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.00% of the company’s stock.
Several research analysts recently weighed in on SIGI shares. Buckingham Research boosted their price target on shares of Selective Insurance Group from $73.00 to $75.00 and gave the stock a “neutral” rating in a report on Thursday, September 12th. ValuEngine lowered shares of Selective Insurance Group from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Finally, BidaskClub lowered shares of Selective Insurance Group from a “buy” rating to a “hold” rating in a research report on Friday, September 13th. Two investment analysts have rated the stock with a sell rating and five have given a hold rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $69.67.
About Selective Insurance Group
Selective Insurance Group, Inc, together with its subsidiaries, provides insurance products and services in the United States. It operates through four segments: Standard Commercial Lines, Standard Personal Lines, Excess and Surplus Lines, and Investments. The company's products and services include property insurance, which covers the financial consequences of accidental loss of an insured's real and/or personal property; and casualty insurance that covers the financial consequences of employee injuries in the course of employment, and bodily injury and/or property damage to a third party as a result of an insured's negligent acts, omissions, or legal liabilities.
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