Selective Insurance Group Inc. Sets New 1-Year High at $25.98 (SIGI)
Selective Insurance Group (NASDAQ:SIGI) set a new 52-week high on Tuesday, Analyst Ratings Network.com reports. The company traded as high as $25.98 and last traded at $25.91, with a volume of 207,516 shares. The stock had previously closed at $25.73.
A number of research firms have recently commented on SIGI. Analysts at Zacks upgraded shares of Selective Insurance Group from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, October 1st. They now have a $26.00 price target on the stock. Analysts at Keefe, Bruyette & Woods downgraded shares of Selective Insurance Group from an “outperform” rating to a “market perform” rating in a research note to investors on Friday, August 2nd.
Selective Insurance Group has a 1-year low of $17.17 and a 1-year high of $25.95. The stock has a 50-day moving average of $23.98 and a 200-day moving average of $23.68. The company has a market cap of $1.444 billion and a price-to-earnings ratio of 21.19.
Selective Insurance Group (NASDAQ:SIGI) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.42 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.35 by $0.07. The company had revenue of $468.90 million for the quarter, compared to the consensus estimate of $461.49 million. During the same quarter last year, the company posted $0.01 earnings per share. Selective Insurance Group’s revenue was up 9.3% compared to the same quarter last year. On average, analysts predict that Selective Insurance Group will post $1.64 earnings per share for the current fiscal year.
Selective Insurance Group, Inc, is a holding company for insurance subsidiaries, which offers property and casualty insurance products and services.
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