$907.15 Million in Sales Expected for Selective Insurance Group, Inc. (NASDAQ:SIGI) This Quarter

Equities research analysts expect Selective Insurance Group, Inc. (NASDAQ:SIGIGet Rating) to announce sales of $907.15 million for the current quarter, Zacks reports. Two analysts have provided estimates for Selective Insurance Group’s earnings, with the lowest sales estimate coming in at $899.99 million and the highest estimate coming in at $914.30 million. Selective Insurance Group reported sales of $830.40 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 9.2%. The firm is scheduled to announce its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Selective Insurance Group will report full year sales of $3.25 billion for the current fiscal year, with estimates ranging from $2.80 billion to $3.70 billion. For the next financial year, analysts anticipate that the business will report sales of $4.04 billion, with estimates ranging from $4.01 billion to $4.07 billion. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for Selective Insurance Group.

Selective Insurance Group (NASDAQ:SIGIGet Rating) last issued its quarterly earnings results on Wednesday, May 4th. The insurance provider reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.04. Selective Insurance Group had a return on equity of 13.77% and a net margin of 10.19%. The firm had revenue of $846.10 million for the quarter, compared to analyst estimates of $883.09 million. During the same period in the previous year, the firm earned $1.70 earnings per share. The company’s revenue was up 5.2% compared to the same quarter last year.

SIGI has been the topic of several recent analyst reports. Zacks Investment Research lowered Selective Insurance Group from a “buy” rating to a “hold” rating and set a $82.00 price target on the stock. in a research note on Wednesday, May 11th. StockNews.com initiated coverage on Selective Insurance Group in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $84.50.

Shares of SIGI opened at $76.10 on Thursday. Selective Insurance Group has a 52-week low of $73.90 and a 52-week high of $94.35. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.29 and a current ratio of 0.29. The business’s 50 day moving average price is $84.58 and its two-hundred day moving average price is $81.44. The firm has a market cap of $4.59 billion, a PE ratio of 13.49, a price-to-earnings-growth ratio of 4.51 and a beta of 0.83.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 1st. Stockholders of record on Monday, May 16th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend is Friday, May 13th. Selective Insurance Group’s payout ratio is 19.86%.

Several large investors have recently modified their holdings of the company. Rockefeller Capital Management L.P. raised its position in Selective Insurance Group by 96.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 306 shares of the insurance provider’s stock valued at $25,000 after buying an additional 150 shares during the last quarter. Liberty Wealth Management LLC raised its position in Selective Insurance Group by 98.1% in the 3rd quarter. Liberty Wealth Management LLC now owns 412 shares of the insurance provider’s stock valued at $32,000 after buying an additional 204 shares during the last quarter. Covestor Ltd purchased a new stake in Selective Insurance Group in the 4th quarter valued at $45,000. First Horizon Advisors Inc. raised its position in Selective Insurance Group by 2,790.6% in the 4th quarter. First Horizon Advisors Inc. now owns 925 shares of the insurance provider’s stock valued at $75,000 after buying an additional 893 shares during the last quarter. Finally, UMB Bank N A MO purchased a new stake in Selective Insurance Group in the 4th quarter valued at $76,000. 81.37% of the stock is currently owned by institutional investors.

About Selective Insurance Group (Get Rating)

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, E&S Lines, and Investments. The company offers property insurance products, which covers the financial consequences of accidental loss of an insured's real property, personal property, and/or earnings due to the property's loss; and casualty insurance products 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 well as flood insurance products.

Further Reading

Get a free copy of the Zacks research report on Selective Insurance Group (SIGI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Selective Insurance Group (NASDAQ:SIGI)

Receive News & Ratings for Selective Insurance Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Selective Insurance Group and related companies with MarketBeat.com's FREE daily email newsletter.