Selective Insurance Group, Inc. (SIGI) Scheduled to Post Earnings on Tuesday
Selective Insurance Group, Inc. (NASDAQ:SIGI) is scheduled to be releasing its earnings data after the market closes on Tuesday, October 24th. Analysts expect Selective Insurance Group to post earnings of $0.70 per share for the quarter.
Selective Insurance Group (NASDAQ:SIGI) last released its quarterly earnings data on Wednesday, July 26th. The insurance provider reported $0.68 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.73 by ($0.05). The company had revenue of $614.50 million during the quarter, compared to analysts’ expectations of $611.62 million. Selective Insurance Group had a return on equity of 10.82% and a net margin of 7.13%. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.74 EPS. On average, analysts expect Selective Insurance Group to post $2.98 EPS for the current fiscal year and $3.15 EPS for the next fiscal year.
Selective Insurance Group, Inc. (NASDAQ SIGI) opened at 54.80 on Tuesday. Selective Insurance Group, Inc. has a 12-month low of $34.95 and a 12-month high of $55.40. The stock has a market cap of $3.20 billion, a P/E ratio of 19.09 and a beta of 1.44. The stock has a 50 day moving average price of $51.87 and a 200 day moving average price of $50.38.
In related news, Director Michael J. Morrissey sold 665 shares of the stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $50.81, for a total value of $33,788.65. Following the sale, the director now directly owns 15,177 shares of the company’s stock, valued at approximately $771,143.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael J. Morrissey sold 2,483 shares of the stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $50.46, for a total transaction of $125,292.18. The disclosure for this sale can be found here. Insiders sold a total of 4,148 shares of company stock worth $210,141 over the last three months. 3.00% of the stock is currently owned by corporate insiders.
A number of brokerages recently commented on SIGI. BidaskClub raised shares of Selective Insurance Group from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $48.00 price target on shares of Selective Insurance Group in a report on Wednesday, July 12th. Boenning Scattergood reaffirmed a “hold” rating on shares of Selective Insurance Group in a report on Thursday, July 27th. Zacks Investment Research raised shares of Selective Insurance Group from a “sell” rating to a “hold” rating in a report on Wednesday, September 27th. Finally, Keefe, Bruyette & Woods set a $48.00 price target on shares of Selective Insurance Group and gave the company a “hold” rating in a report on Tuesday, August 15th. One 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. The stock has an average rating of “Hold” and an average target price of $46.91.
Selective Insurance Group Company Profile
Selective Insurance Group, Inc is a holding company. As of December 31, 2016, the Company had 10 insurance subsidiaries, nine of which were licensed by various state departments of insurance to write specific lines of property and casualty insurance business. The remaining subsidiary is authorized by various state insurance departments to write property and casualty insurance in the excess and surplus lines (E&S) market.
Receive News & Ratings for Selective Insurance Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Selective Insurance Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.