Selective Insurance Group (SIGI) Releases Quarterly Earnings Results, Beats Expectations By $0.02 EPS
Selective Insurance Group (NASDAQ:SIGI) released its earnings data on Friday. The company reported $0.45 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.43 by $0.02, American Banking and Market News reports.
On a related note, analysts at Zacks downgraded shares of Selective Insurance Group from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, November 5th. They now have a $28.60 price target on the stock.
Selective Insurance Group (NASDAQ:SIGI) opened at 24.42 on Friday. Selective Insurance Group has a one year low of $19.58 and a one year high of $28.31. The stock has a 50-day moving average of $26.08 and a 200-day moving average of $25.40. The company has a market cap of $1.362 billion and a price-to-earnings ratio of 16.57.
The company also recently announced a quarterly dividend, which is scheduled for Monday, March 3rd. Stockholders of record on Friday, February 14th will be paid a dividend of 0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.13%.
Selective Insurance Group, Inc, is a holding company for insurance subsidiaries, which offers property and casualty insurance products and services.
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