Media coverage about Selective Insurance Group (NASDAQ:SIGI) has trended somewhat positive on Monday, Accern Sentiment reports. The research firm identifies positive and negative news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Selective Insurance Group earned a daily sentiment score of 0.08 on Accern’s scale. Accern also assigned media coverage about the insurance provider an impact score of 46.7606908600484 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
A number of analysts have recently issued reports on SIGI shares. ValuEngine upgraded shares of Selective Insurance Group from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Zacks Investment Research upgraded shares of Selective Insurance Group from a “sell” rating to a “buy” rating and set a $67.00 target price for the company in a research note on Wednesday, December 13th. Keefe, Bruyette & Woods set a $62.00 target price on shares of Selective Insurance Group and gave the stock a “hold” rating in a research note on Monday, February 5th. BidaskClub cut shares of Selective Insurance Group from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Finally, Royal Bank of Canada restated a “hold” rating and set a $59.00 target price on shares of Selective Insurance Group in a research note on Friday, December 8th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $58.41.
Shares of Selective Insurance Group (NASDAQ SIGI) opened at $58.70 on Monday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.32 and a current ratio of 0.29. The stock has a market cap of $3,433.95, a PE ratio of 20.60, a PEG ratio of 0.86 and a beta of 1.37. Selective Insurance Group has a 12 month low of $43.10 and a 12 month high of $62.40.
Selective Insurance Group (NASDAQ:SIGI) last issued its quarterly earnings data on Thursday, February 1st. The insurance provider reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.06. Selective Insurance Group had a net margin of 6.83% and a return on equity of 11.11%. The business had revenue of $633.70 million during the quarter, compared to analysts’ expectations of $632.30 million. During the same quarter in the previous year, the company earned $0.75 EPS. The business’s revenue was up 8.8% on a year-over-year basis. research analysts forecast that Selective Insurance Group will post 3.88 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 15th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend is Wednesday, February 14th. Selective Insurance Group’s dividend payout ratio (DPR) is 25.26%.
In other Selective Insurance Group news, Director Paul D. Bauer sold 28,840 shares of Selective Insurance Group stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $61.14, for a total value of $1,763,277.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael J. Morrissey sold 1,875 shares of Selective Insurance Group stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $61.47, for a total transaction of $115,256.25. The disclosure for this sale can be found here. Insiders sold a total of 30,775 shares of company stock valued at $1,882,104 in the last quarter. Corporate insiders own 3.00% of the company’s stock.
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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.
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