Selective Insurance Group (SIGI) to Release Earnings on Wednesday

Selective Insurance Group (NASDAQ:SIGIGet Rating) is scheduled to be announcing its earnings results after the market closes on Wednesday, May 4th. Analysts expect the company to announce earnings of $1.37 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:SIGIGet Rating) last posted its quarterly earnings results on Thursday, February 3rd. The insurance provider reported $1.56 EPS for the quarter, beating the consensus estimate of $1.45 by $0.11. Selective Insurance Group had a net margin of 11.89% and a return on equity of 14.45%. The business had revenue of $867.40 million for the quarter, compared to analysts’ expectations of $865.40 million. During the same period in the previous year, the company posted $1.84 EPS. On average, analysts expect Selective Insurance Group to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Selective Insurance Group stock opened at $83.70 on Wednesday. The company’s fifty day simple moving average is $85.20 and its 200-day simple moving average is $81.25. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.18. Selective Insurance Group has a 12 month low of $73.21 and a 12 month high of $94.35. The stock has a market cap of $5.05 billion, a P/E ratio of 12.84, a P/E/G ratio of 7.38 and a beta of 0.82.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 1st. Investors of record on Tuesday, February 15th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date was Monday, February 14th. Selective Insurance Group’s dividend payout ratio is presently 17.18%.

Several institutional investors and hedge funds have recently made changes to their positions in SIGI. Citadel Advisors LLC acquired a new position in shares of Selective Insurance Group during the fourth quarter valued at about $485,000. BNP Paribas Arbitrage SA raised its position in shares of Selective Insurance Group by 3.9% during the third quarter. BNP Paribas Arbitrage SA now owns 9,344 shares of the insurance provider’s stock valued at $706,000 after buying an additional 352 shares during the last quarter. Sei Investments Co. acquired a new position in shares of Selective Insurance Group during the fourth quarter valued at about $3,199,000. Amalgamated Bank raised its position in shares of Selective Insurance Group by 0.5% during the fourth quarter. Amalgamated Bank now owns 39,950 shares of the insurance provider’s stock valued at $3,274,000 after buying an additional 214 shares during the last quarter. Finally, MetLife Investment Management LLC raised its position in shares of Selective Insurance Group by 0.5% during the fourth quarter. MetLife Investment Management LLC now owns 49,970 shares of the insurance provider’s stock valued at $4,095,000 after buying an additional 261 shares during the last quarter. 80.26% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts recently issued reports on SIGI shares. StockNews.com started coverage on shares of Selective Insurance Group in a report on Thursday, March 31st. They issued a “hold” rating for the company. Zacks Investment Research upgraded shares of Selective Insurance Group from a “hold” rating to a “buy” rating and set a $91.00 price target for the company in a report on Wednesday, April 13th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Selective Insurance Group presently has a consensus rating of “Hold” and a consensus price target of $86.00.

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.

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Earnings History for Selective Insurance Group (NASDAQ:SIGI)

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