Selective Insurance Group (SIGI) to Release Earnings on Wednesday

Selective Insurance Group (NASDAQ:SIGI) is anticipated to announce its earnings results before the market opens on Wednesday, April 23rd. Analysts expect the company to announce earnings of $1.95 per share and revenue of $1.30 billion for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Selective Insurance Group (NASDAQ:SIGI) last posted its quarterly earnings data on Wednesday, January 29th. The insurance provider reported $1.62 EPS for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.37). Selective Insurance Group had a return on equity of 7.33% and a net margin of 4.26%. On average, analysts expect Selective Insurance Group to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Selective Insurance Group Trading Up 0.3 %

NASDAQ:SIGI opened at $88.24 on Wednesday. The firm has a market cap of $5.36 billion, a P/E ratio of 27.40 and a beta of 0.45. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.34 and a current ratio of 0.34. Selective Insurance Group has a 52 week low of $78.13 and a 52 week high of $104.67. The firm’s fifty day moving average is $85.98 and its 200-day moving average is $91.49.

Selective Insurance Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.72%. The ex-dividend date was Friday, February 14th. Selective Insurance Group’s dividend payout ratio is presently 47.20%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on SIGI. Morgan Stanley lowered their target price on Selective Insurance Group from $95.00 to $87.00 and set an “equal weight” rating on the stock in a research report on Monday, February 3rd. JMP Securities restated a “market perform” rating on shares of Selective Insurance Group in a research note on Thursday, January 30th. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $93.00 target price (down previously from $116.00) on shares of Selective Insurance Group in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $95.17.

About Selective Insurance Group

Selective Insurance Group, Inc, together with its subsidiaries, provides insurance products and services in the United States. The company operates through four segments: Standard Commercial Lines, Standard Personal Lines, E&S Lines, and Investments. It offers 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; property insurance products, which covers the accidental loss of an insured's real property, personal property, and/or earnings due to the property's loss; and flood insurance products.