Equities analysts expect Selective Insurance Group (NASDAQ:SIGI) to report $1.15 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Selective Insurance Group’s earnings. The highest EPS estimate is $1.18 and the lowest is $1.11. Selective Insurance Group reported earnings of $0.97 per share in the same quarter last year, which indicates a positive year over year growth rate of 18.6%. The firm is expected to announce its next earnings report after the market closes on Wednesday, October 28th.
On average, analysts expect that Selective Insurance Group will report full year earnings of $3.49 per share for the current financial year, with EPS estimates ranging from $3.45 to $3.52. For the next year, analysts expect that the company will report earnings of $4.05 per share, with EPS estimates ranging from $3.90 to $4.20. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Selective Insurance Group.
Selective Insurance Group (NASDAQ:SIGI) last announced its earnings results on Wednesday, July 29th. The insurance provider reported $0.40 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.03. Selective Insurance Group had a return on equity of 9.90% and a net margin of 6.73%. The business had revenue of $682.40 million during the quarter, compared to analyst estimates of $707.28 million. During the same quarter in the previous year, the business earned $1.16 earnings per share. The company’s revenue for the quarter was down 3.6% compared to the same quarter last year.
SIGI has been the subject of several recent analyst reports. TheStreet upgraded Selective Insurance Group from a “c+” rating to a “b-” rating in a research report on Tuesday, August 25th. BidaskClub lowered Selective Insurance Group from a “sell” rating to a “strong sell” rating in a research report on Wednesday, September 30th. Zacks Investment Research lowered Selective Insurance Group from a “buy” rating to a “hold” rating and set a $64.00 target price for the company. in a research report on Wednesday, September 2nd. Finally, ValuEngine downgraded shares of Selective Insurance Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 6th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $57.80.
Shares of NASDAQ:SIGI opened at $52.50 on Tuesday. Selective Insurance Group has a 1 year low of $37.05 and a 1 year high of $76.16. The business has a 50 day simple moving average of $54.32 and a two-hundred day simple moving average of $52.83. The firm has a market capitalization of $3.14 billion, a PE ratio of 16.88 and a beta of 0.76. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.31 and a quick ratio of 0.31.
Several institutional investors have recently bought and sold shares of SIGI. Fifth Third Bancorp bought a new stake in shares of Selective Insurance Group during the second quarter valued at approximately $36,000. Private Capital Group LLC raised its stake in Selective Insurance Group by 36.3% in the second quarter. Private Capital Group LLC now owns 939 shares of the insurance provider’s stock worth $50,000 after buying an additional 250 shares in the last quarter. Ameritas Investment Company LLC bought a new position in Selective Insurance Group in the first quarter worth approximately $56,000. Wexford Capital LP bought a new position in Selective Insurance Group in the second quarter worth approximately $74,000. Finally, FMR LLC raised its stake in Selective Insurance Group by 31.3% in the second quarter. FMR LLC now owns 1,815 shares of the insurance provider’s stock worth $96,000 after buying an additional 433 shares in the last quarter. 79.32% of the stock is owned by hedge funds and other institutional investors.
Selective Insurance Group Company Profile
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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