Selective Insurance Group (SIGI) to Release Earnings on Wednesday

Selective Insurance Group (NASDAQ:SIGI) is set to release its earnings data after the market closes on Wednesday, May 1st. Analysts expect Selective Insurance Group to post earnings of $1.88 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Selective Insurance Group (NASDAQ:SIGI) last posted its earnings results on Wednesday, January 31st. The insurance provider reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.92 by $0.02. Selective Insurance Group had a return on equity of 14.43% and a net margin of 8.57%. The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.11 billion. 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 Price Performance

Shares of SIGI opened at $100.13 on Monday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.30 and a current ratio of 0.30. The stock has a 50 day simple moving average of $103.65 and a 200 day simple moving average of $102.75. Selective Insurance Group has a 52-week low of $91.99 and a 52-week high of $109.58. The firm has a market capitalization of $6.09 billion, a PE ratio of 17.17, a P/E/G ratio of 0.74 and a beta of 0.55.

Selective Insurance Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Thursday, February 15th were given a $0.35 dividend. The ex-dividend date was Wednesday, February 14th. This represents a $1.40 annualized dividend and a dividend yield of 1.40%. Selective Insurance Group’s dividend payout ratio is presently 24.01%.

Insider Transactions at Selective Insurance Group

In other news, COO Brenda M. Hall sold 2,626 shares of Selective Insurance Group stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $105.88, for a total value of $278,040.88. Following the completion of the transaction, the chief operating officer now owns 10,511 shares of the company’s stock, valued at approximately $1,112,904.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.50% of the company’s stock.

Wall Street Analysts Forecast Growth

SIGI has been the subject of several research analyst reports. Oppenheimer reiterated an “outperform” rating and issued a $120.00 price objective on shares of Selective Insurance Group in a research report on Friday, April 5th. Keefe, Bruyette & Woods reduced their price target on Selective Insurance Group from $111.00 to $109.00 and set a “market perform” rating for the company in a research report on Tuesday, February 6th. Royal Bank of Canada reduced their price target on Selective Insurance Group from $108.00 to $105.00 and set a “sector perform” rating for the company in a research report on Friday, February 2nd. Piper Sandler reaffirmed a “neutral” rating and set a $104.00 price target on shares of Selective Insurance Group in a research report on Monday, April 1st. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Selective Insurance Group in a research report on Monday, April 15th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $105.17.

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.