Selective Insurance Group (SIGI) Expected to Announce Quarterly Earnings on Wednesday

Selective Insurance Group (NASDAQ:SIGI) is projected to release its earnings data after the market closes on Wednesday, April 23rd. Analysts expect Selective Insurance Group to post earnings of $1.95 per share and revenue of $1.30 billion for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Selective Insurance Group (NASDAQ:SIGI) last announced 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 net margin of 4.26% and a return on equity of 7.33%. 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 Stock Up 0.9 %

SIGI stock opened at $89.66 on Monday. Selective Insurance Group has a twelve month low of $78.13 and a twelve month high of $104.67. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.17. The company has a market cap of $5.45 billion, a PE ratio of 27.84 and a beta of 0.45. The business’s 50-day simple moving average is $86.27 and its 200 day simple moving average is $91.41.

Selective Insurance Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend was Friday, February 14th. Selective Insurance Group’s payout ratio is presently 47.20%.

Analyst Ratings Changes

Several brokerages recently commented on SIGI. Morgan Stanley reduced their target price on Selective Insurance Group from $95.00 to $87.00 and set an “equal weight” rating for the company in a research report on Monday, February 3rd. JMP Securities reaffirmed a “market perform” rating on shares of Selective Insurance Group in a report on Thursday, January 30th. Finally, Keefe, Bruyette & Woods reissued 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 investment analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $95.17.

Selective Insurance Group Company Profile

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.