Selective Insurance Group (SIGI) to Release Quarterly Earnings on Wednesday

Selective Insurance Group (NASDAQ:SIGI) will issue its quarterly earnings data after the market closes on Wednesday, May 1st. Analysts expect the company to announce 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, beating analysts’ consensus estimates 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 firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations 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 Stock Up 1.3 %

NASDAQ:SIGI opened at $103.70 on Wednesday. Selective Insurance Group has a 1 year low of $91.99 and a 1 year high of $109.58. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.18. The stock has a market cap of $6.30 billion, a price-to-earnings ratio of 17.79, a PEG ratio of 0.76 and a beta of 0.55. The stock has a 50-day moving average price of $103.77 and a two-hundred day moving average price of $102.79.

Selective Insurance Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Thursday, February 15th were paid a $0.35 dividend. The ex-dividend date was Wednesday, February 14th. This represents a $1.40 dividend on an annualized basis and a yield of 1.35%. Selective Insurance Group’s payout ratio is 24.01%.

Analyst Ratings Changes

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

Insider Buying and Selling

In related news, COO Brenda M. Hall sold 2,626 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $105.88, for a total transaction of $278,040.88. Following the sale, the chief operating officer now owns 10,511 shares of the company’s stock, valued at $1,112,904.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.00% of the stock is currently owned by company insiders.

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.